ICSS 003 – Cash Accounting, Why I Disagree with Dave Ramsey, & Inspirational Reading

In this episode:

00:00 Segment: Handling Cash in Your Spending Plan
I talk about handling cash, which seems to confuse people when they first start working with a spending plan. The key is to think of cash as its own account and track cash transactions separately from your checking account. (See diagram below.)

13:27 Segment: “They Don’t Get it.”
Today, I talk about Dave Ramsey’s misguided take on compulsive spenders and why I vehemently disagree with him (to put it mildly). Here are links that I reference:
Big Book of Alcoholics Anonymous Online
Dave’s blog post on excessive spending
Dave Ramsey’s video call with the wife of a compulsive spender:

34:35 Segment: Inspirational Reading
April 18 from Getting Out from Going Under Daily Reader for Compulsive Debtors and Spenders

Diagram: Handling Cash

It’s hard to talk about accounting for cash in a spending plan without a visual demonstration to go along with it. So here it is:


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