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Managing money in a family with multiple children is no mean feat.
Parents have to balance saving for the future with giving their children the best possible life right now.
Commenters debated Daves advice and whether or not this was a reasonable amount to spend.
And how much debt will you guys have?
So the student debt is mine.
The caller:Its about $80,000 a year.Dave Ramsey:Why?
You brought them in college?
You guys have lost your minds.
Jade:Theres cheaper routes.Dave Ramsey:Oh, you think?
You got them in some kind of dadgum…
I mean, are they going to Harvard?
Come on, dude.
Thats just dumber than c**p.
Jade:Seriously.
Its time to take the kids off filet mignon.Dave Ramsey:I dont care how much money you make.
Theres not enough money in the world that doesnt make that stupid.
Jade:Find you a free summer camp.
During the summertime.Dave Ramsey:So were going to borrow money now.
Were going to take out student loans for the four-year-old because thats what were coming down to.
You make $180,000.
Yeah, I think you’re gonna wanna become frugal.
If thats what the definition of living on $180,000 is.
Yeah, I think not.
After all, he pays his entire college debt, per year, per head for childcare.
One study revealedthat, on average, Americans spend around $1700 a month per child.
What is more surprising is the fact that so many viewers didnt seem to even blink.
Instead, they call Dave Ramsey out of touch for thinking this is way too much.
The real issue here is that, even at higher economic levels, one has to evaluate cost opportunities.
If the daycare suits his lifestyle, then perhaps the cost makes sense.
Viewers debated the rising costs of childcare and Daves advice
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