Reported 3 days ago
A 61-year-old mother from Sacramento, California, faced financial distress after financing a $27,000 car for her daughter, who failed to refinance it in her name despite her promise. After a year of escalating costs, including tolls and insurance still in her name, the mother sought help from financial expert Dave Ramsey, who advised her to sell the car and buy a more affordable vehicle instead of considering a home equity line of credit. He emphasized that misguided generosity can lead to detrimental outcomes.
Source: YAHOO