Dave Ramsey Says It Doesn't Matter Where You Live — The Same Budget Rule Applies: 'Math Works In Every City And Every State. You Don't Get A Pass On Math Because You Live In Washington D.C.'
In an October episode of the "The Ramsey Show", a caller from Washington D.C., highlighted a common financial challenge faced in urban areas. Earning around $90,000 annually and with significant savings, the caller was spending about $2,000 a month on rent in downtown D.C. Despite this considerable expense, they managed to save and minimize other costs. Show host Dave Ramsey responded, emphasizing his financial guidelines. “We tell folks to put 25% of their take-home pay aside for housing, and n
Source: yahoo.com
