Dave Ramsey: Dating doesn’t have to be expensive | News
Dear Dave: We try to control our finances by living on a budget. We also have a debt of approximately $18,000 which we are trying to pay off. My husband brings home $3,400 a month and I am currently caring for our 8 month old baby. We’d like to have a date once a month, and he thinks we should set aside $200 for it. Under the current circumstances, I feel like that is too much. What do you think?
Dear Carolyne: If you told me you made $150,000 a year, I’d tell you to have a good time. But with your income and a lot of debt on top of that, I would put a stop to that amount. Seems like he’s looking for an outlet to relax and have a little fun without worrying too much about the big picture.
The good thing, though, is that you’re working together and starting to take this personal finance issue seriously.
My advice would be to reduce the date night amount to around $50 right now. That’s a lot for a reasonable dinner and a babysitter for a few hours. You may not have to factor childcare expenses into the equation at all if you have family or friends nearby.
Going out on a date doesn’t have to mean spending a lot of money. Years ago, when my wife and I were broke, we did tons of stuff that didn’t cost a dime. Things like hiking and picnics are great ways to spend some quality time together while keeping your wallet in your pocket. Just be creative, talk about it together, and be sure to find ways to spend some time with us on a regular basis.
I think you’re right, Carolyne.
David Ramsey is a financial consultant, author and radio host.