Personal finance expert Dave Ramsey joined ‘Fox & Friends’ to discuss how Americans can avoid overspending during the holidays. #foxbusiness
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About The Author
Not me, I paid cash and it was not that much to begin with.
I thought about buying Christmas gifts, and it never went past a thought, because it's mostly the thought that counts…
I stopped purchasing presents 15 years ago. Nice meal with family 🥰 No debt and no guilt 😉
Luckily for me, I'm a Jehovah's Witness
dave ramseys generation wont see those pensions. its all going to fold in.
I only buy gifts for people who buy gifts for me.
And i was under budget for mt Christmas gifts this 2024, and I'm happy 😊 about that. I've already started saving money for people's birthdays and gifts for next year because i want to be months ahead with that, and i don't spend more than $50-$100 per gift. That way, for the 5 people who buy gifts for me, i only spend more or less $400-$600 for both birthday gifts and Christmas gifts and i already have that money ready by the time it hits June and i forget about it until it's November (Black friday) so i can see if i can get better deals too it's a win-win for me.
People dont understand nothing this season is nothing but make happy to the stores ..
.kids think they deserve everything
…you raising the most ungrateful generation…..
And most of the junk we buy ends up in a landfill or with an inch of dust on it in the house. Sickening
That's insane. Spending 461 per kid isn't going to help them. Quite the opposite.
Great, another self-proclaimed "guru" 🙄🖕🏼
I just don’t get it! Debt for Christmas is crazy! Plan for Christmas! Buying loads of gifts for adults is also crazy! I love buying for the little people in my life because there is magic in watching them open presents. Most of mine are at that age when they want cash…which is actually cheaper than a bunch of gifts. And I gifted my chosen-daughter with a CAA premium membership. I think that is the same as the AAA in the states. Practical and took her having to purchase something similar out of her budget. The only debt I have is a mortgage. Credit card debt is not happening in my budget!
Spending to impress is the most ridiculous thing I've ever heard .. especially if you can't afford it😮😊
Bought my in-laws a home theater system one year and when I returned six months later, they were using it as a doorstop, still in the box. No more gifts. Ever.
Theres NO way I'd spend $1500 on my kids for Christmas.
I cash stuffed all year for xmas. I have no debt.
Another great way to avoid not only debt during Christmas, but also for the rest of the year is to have no children. I love how Fox lives for the conservative agenda and gives us videos such as this in which they talk about the exorbitant amounts of money people spend during Christmastime. Wake me up when they talk about what really works: You can save money by not having children and since the costs of living will inevitably go up when Trump returns to the White House, how will being childless hurt your pocketbook?
My husband and I are fortunate to have a nice life. We have lived way below are means for decades to have this life now. Instead of Christmas presents we give to small charities. It’s amazing to see our donations going to good use! Larger charities like cancer, heart, and food banks are wonderful to give to. For us, as an example give to a breed specific rescue, they send a note on how our donation was used. Camp Hopetake ( camp for children that survived burn injuries), beagle rescue, and education are our favorites.
birthdays, anniversaries? holidays vacations?
budget before spending;
I totally believe this. A lady I know got a credit card to use just for Christmas 🌲. Almost at the maximum
This is honestly mind blowing to me. I didn't think people could be this genuinely stupid with their money. IDC how big your family is. Bottom line is, you set a budget on how much max each gift is, you give one per person, maybe some stocking stuffers, buy your friends a few beers, and screw your coworkers because they're not writing your checks. It honestly sucks that some people need to have someone else tell them how to use their money because they don't have self control, I understand that but hundreds of thousands in debt over Christmas? If you're gonna be in debt let it be over something a little more significant like a house 🤷🏻♀️
My family has a very modest Christmas. We're middle class, but we don't spend nearly that much on each other. The fact is that most of us just buy things for ourselves if we want them whenever. It makes the holidays much less stressful and enjoyable to spend less.
Personally, I could not even contemplate living like this, so glad I have absolutely no debt whatsoever and as for stupid consumerism I need nothing & want even less
Paid $5K for family Christmas this year. Several families were gifted much-needed new laundry appliances. Paid cash for all gifts. Didn't touch savings, didn't run up credit card debt. Come January, my budget projects $3K for savings from Jan income after expenses. I have learned so much from Dave's videos!
Why are YouTube video comments full with scammers
We put $200 a month into a Christmas gift fund to avoid going into any debt to pay for gifts 🎁🎄🎄🎄
People will never learn in the US.
I made a Christmas budget and I stuck to it 🎉l also saved up Christmas money. I follow Dave and watch his videos it really has helped me so much 😊
I love Dave Ramsey. We live a completely different life because we chose to follow his Baby Steps and Debt Snowball. 9 years ago we got pregnant, 6.5 years later we paid off all debt, then in late 2021 we bought our home, and in two more years it will be paid off. And we are a family with young children, living on a public school teacher’s salary. We put money aside ever payday just for the next Christmas. It works IF you work it.
I spend 0.00.
I'm sorry but people that get into debt over a holiday that's over in 1 day…are just dumb.
Can someone tell me the interviewers' name?
Wife and I only spent $100 on Christmas this year and it was for our 8 year old son
Enjoy life… to hell with Dave Ramsey
So many people in 2024 said they voted for Trump because of the economy and how they were adversely impacted by prices. But by all accounts, there was record Christmas spending and travel this year. So are people really hurting? Yes, I don’t know what they did without to buy the gifts and travel. For all I know they lived on ramen for the last month. But somehow I doubt it. People aren’t looking any skinnier.
Can anyone explain to me how there can be record spending in December when people complained all year that they were struggling and couldn’t even afford necessities? Even if Trump magically cuts taxes and prices (don’t know how this could happen, especially with tariffs), he is not yet in office.
I have always said that within reason, people find the time, money, and energy to do what they want. Obviously not everyone can get a million dollar home. But even people who don’t work or have very low salaries find the money for expensive hair care, nails, electronics, eating out, concerts. People who claim they don’t have time to cook a meal or call a loved one find the time to get their hair done or stand in line to get an iPhone. So I guess that’s what happened here. I just wonder how they do it.
Pay off the High interest cards and save some money in a savings account. Clearly most people don't follow Dave Ramsey and his advice.
My wife & me pay with our checking cards and cash only for Christmas. We never go into Christmas debt. Most people have no clue what they bought their family and friends last year for Christmas. If you really want to get ahead for Christmas. Start a Christmas fund $20 to $30 a week in an envelope. Also it's not so much about how expensive the gifts are. It's the quality of gifts that person holds a value to themselves that the loved one bought them. Like the saying goes "Christmas isn't what's under your tree. It's who's around your tree."
Let me save you all some time and sum up every Dave Ramsey video ever made, "just get rich before your old,"
growing up in a family that just do not care about financial well being makes me want to punch a bag or pull my hair out of frustration