When Is Dipping into Your Savings Justified?

Smart Money Happy Hour with Rachel Cruze and George Kamel

Ramsey Network

Business

4.9 • 2.8K Ratings

🗓️ 4 April 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Sign up for EveryDollar today - Create a free Budget! Stash, stash, spend! In this episode, Rachel and George are breaking down America’s current attitude about saving money. Plus, they’ll decide which popular explanations for dipping into savings are justified—and their answers might surprise you. Next Steps · 🔎 Get help from a financial advisor to avoid those sneaky loopholes that will leave you broke. · ➡️ Don't miss out on the tax deductions you qualify for—get help from a pro. · 📱Submit a Guilty as Charged question for Rachel and George! Send a DM to @rachelcruze or @georgekamel on Instagram! Be sure to type “GUILTY?” at the top of your message so we don’t miss it. Today’s Happy Hour Special 🍸 Blackberry Paloma Mocktail Recipe: Moody Mixologist Ingredients: · 4 fresh blackberries · 5 dashes smoked chili bitters · 1/2 ounce lime juice · 6 ounces grapefruit soda · 1 ounce butterfly pea tea (room temperature) · Ice Instructions: Prepare butterfly pea tea according to package instructions and let cool. Muddle three blackberries in the bottom of a glass. Add bitters and lime juice. Muddle again. Top with ice and grapefruit soda. Add butterfly pea tea and garnish with the remaining blackberry. Listen to More From Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Ramsey Solutions Privacy Policy

Transcript

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0:00.0	What's up guys? This episode is brought to you by our favorite budgeting app,
0:03.6	Every Dollar. Rachel and I love Every Dollar because it is the easiest way to
0:07.6	take control of your money, build the right habits, and make progress on your
0:11.2	goals. You can download it for free on the app store or Google Play today.
0:17.0	Hey guys, I'm Rachel Cruz. I'm George Camel and this is Smart Money Happy Hour.
0:27.0	Cheers George.
0:29.0	Cheers.
0:30.0	Oh, different.
0:35.0	Very refreshing.
0:36.0	Well, this is the show where two friends who happen to be money experts talk about what you're talking about.
0:40.0	So everything from pop culture, current events and money. And today is all about how to talking about
0:44.4	how to not emotionally sabotage your savings account.
0:48.8	Exactly.
0:49.8	So in this episode we're going to talk about the hard numbers on soft savings, which we'll get into later in the episode.
0:57.0	Also the most common things that Americans blow their money on.
1:01.0	Classic Americans.
1:02.0	And then we're going to play a fun game calling out the most popular ways that we all tend to rationalize our spending.
1:09.4	You know, we can give, we can like justify and like figure out.
1:14.6	So things we should be saving but.
1:16.6	Just like the up.
1:17.6	Yeah and it's real.
1:20.3	But what are we stepping on a blackberry poloma mocktail
	...

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