Dave Ramsey says: In-laws and out of debt

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  • rnoble Pendleton, OR
    Feb. 28, 2013 11:22 a.m.

    I just reviewed my car history and I have yet to own enough cars to reflect a $48,000 total expenditure let alone debt. I have owned some pretty nice cars (first car was a nice Monte Carlo and I currently have a nice Buick--several trucks before and since--11 total) along the way but am having serious trouble with my next car purchase because I don't want to have a higher car payment than mortgage payment. The car I dream about is more than all the houses I have owned combined and so will remain a dream forever.

  • Nan BW ELder, CO
    Feb. 26, 2013 8:16 p.m.

    Every situation is different. I agree that ditching the expensive cars is the first step for the couple being addressed. However, there are times when moving in with parents is logical. It can work, and sometimes is entirely necessary. Freeloading isn't appropriate, however. There should be some kind of exchange in the deal.

  • jeanie orem, UT
    Feb. 25, 2013 7:37 p.m.

    I had a sibling, their spouce and their many kids move into my folks home to get out of debt. They stayed for 5 years and only left when my parents came to their senses and kicked them out. It was such a relief for my parents to finally be grandparents and not co-parents and it was a relief to my dear in-law to have their spouse to themselves and not have to make "4-adults involved" decisions.

    It is rarely healthy or helpful to move in with parents.