Dave Ramsey says: Don't take personal responsibility for company expenses

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  • RBB Sandy, UT
    April 3, 2014 8:26 p.m.

    What is the real difference? If you use a debit card and your company goes under, you are still out the money. At least with the credit card you can.pay it off over time if you have to preserve cash. With the debit card your cash is gone before you found out you are unemployed.

  • Midvaliean MIDVALE, UT
    April 2, 2014 11:13 a.m.

    Get a credit card that gives you bonus points (like Skymiles) and charge ONLY to credit. Sure... the business might go under, but is that really a possibility? If you have bad charges on a credit card they are MUCH easier to dispute than your checking account.

    If you are going to have money, act like you know how to use it. Debt is NOT bad if used correctly. Paying off company expenses on your own card can have nice bonuses. If its a fly by night company I might want a company card, but take advantage of it while its here and earn a vacation or something.

  • ezrhino Lehi, UT
    April 2, 2014 9:05 a.m.

    @ The Final Word: I'm assuming when you travel you get reimbursed for your expenses? Does the company get all of your credit card rewards, airline miles, and hotel rewards? Of course not, you do. Do you have unlimited minutes / texts on your cell phone plan? Most likely. I would bet the vast majority of your use on your cell phone is personal, not work...get over it.
    Also, if you are willing to leave a good job over a 75 dollar a month cell phone plan, they are probably not going to miss you terribly. Get over the entitlement, I am guessing they pay you well.
    BTW, I am a recruiter in UT and would think it very weird if a candidate made a career decision over a cell phone plan. You being bugged at a cell phone cost is likely a symptom of a bigger problem.

  • Solutions not Stones Spanish Fork, UT
    April 1, 2014 11:48 p.m.

    "Never take personal responsibility for company expenses."

    I enjoy occasionally listening to Dave...I agree with most of what he says. Unfortunately, from what I have seen, being issued a company card is almost a thing of the past...and in this economy no one is willing to put their job on the line to fight this battle with their company.

  • Area 52 Tooele, UT
    April 1, 2014 12:24 p.m.

    Actually, Dave is correct with his statements.

    The debit card would be used only for her traveling expenses and is not tied in with her and her's husbands main checking account. You can still look up the transactions and charges from the debit cart account like you would with any checking or credit card account. But like Dave said, this is not the best idea.

  • Janet Ontario, OR
    April 1, 2014 11:50 a.m.

    Has Dave Ramsey taken a vacation and left a high-school intern to answer his mail? If the employee uses a debit card, the money is gone from her personal account immediately; it is impossible to dispute charges (unless the debit card is stolen and she reports it immediately); and she is taking more direct responsibility for the company's expenses! Some debit purchases require no ID. Her company should issue a credit card for her authorized use so that expenses are charged directly to the company. If the company won't do that, she may have to choose to continue the current practice or get another job.

  • The Final Word Alpine, UT
    April 1, 2014 11:36 a.m.

    At least with using your credit card you havea policy and the premise of getting reimbursed.

    I work for a fortune 500 company with over 70 thousand employees and travel at least 6-10 days a month for work and have responsibility for a portion of Operations in 14 States. Get this, they give me $0 reimbursement every month for using my cell phone for work purposes. Zero.

    This is all part of the new BYOD (bring your own device) trend in healthcare they say. Nonetheless they expect me to have Corporate email on my device and answer my cell phone for business Operations purposes.

    Needless to say I am now listening to the recruiters who have been calling. With any luck this company won't have access to my expertise much longer.

    10 years and never missed my numbers (100's of millions in revenue during that span) yet they think they will be "saving" money by not paying me $75/month for my cell phone. Wow.

    I believe the saying is (slightly modified for my purposes)....penny wise and pound stupid.

    Most companies don't give employees much choice with expense policies. Carry the debt or someone else will.