Financial FAQ

Expert Dave Ramsey was kind enough to answer some of the viewers' questions about finances.

Is it smart to buy a home if I don't make more than $50K or have so-so credit?
Once you have an emergency fund and are basically debt free, THEN think home ownership. Even with so-so credit, there are options to buy homes--via VHA, FA, etc..

I'm getting married and my partner doesn't exactly have great credit, should we keep our finances separate?
If you can't join bank accounts, then you shouldn't get married. Be sure you look at each issue beyond their score.. spending habits, etc.

Should I get a financial planner? What are my options if I can't afford one?
If you bring home under $500K yearly, its not necessarily useful to hire one. Its more important to get basics covered - insurance, will, debt mgt, emergency fund, investment.