Dave Ramsey: EE bond dilemma
I have about $36,000 in debt, not including my house. Of that amount, $30,000 is a truck that’s worth about what I owe on it, and the other $6,000 is student loan debt. I make $50,000 a year. I also have 24 EE bonds that were gifted to me that haven’t fully matured. Right now, they’re worth a combined $12,500. Should I cash those in, and use the money to pay off some of my debt, or let them fully mature before cashing them in? Also, are there any tax ramifications from cashing them in?
You can do this, Patrick. I want you to have a nice truck one day, but I don’t want that truck to be a burden. This one’s got you by the throat, and you’re feeling it, aren’t you?
Drive like no one else for a little while now, so that later you can really drive like no one else.
ID theft protection in the baby steps?
Where in the Baby Steps does identity theft protection fall? Should we cover the kids, too, or only the adults in our household?