Stop Hoping Someone Else Will Fix Your Money

Brought to you by the EveryDollar app. Start budgeting for free today. Normal is broke and common sense is weird, so we're here to help you transform your life. From the Ramsey Network in the Fairwinds Credit Union studio, this is the Ramsey Show. I'm Ramsey personality George Campbell joined by my good friend, doctor John Deloney, and we're taking your calls at (888) 825-5225. That's how you join the conversation. Jesse is kicking us off in Minneapolis. Jesse, how can we help today? Hi. See, I am calling because I have a freshman daughter new to college, and my husband and I recently found out that she opened a credit card. She knows we're against that. My husband tossed around the idea of kind of giving her an ultimate excuse me, an ultimatum that if she doesn't close it, we will not provide her the funds from her $5.29. And I'm just curious your thoughts on that. We haven't talked to her about that yet, but, we're just trying to figure out how to navigate it. How'd you find out about the credit card? Well, when she was home on Thanksgiving break, she goes to a college fairly close to home. I saw it in her wallet. I So how do you see it in a wallet without opening said wallet? She has, like, a little it's like a thing attached to her lanyard. Oh, okay. She has her student ID in it and then her debit card, and then I And then you have see the that you know at this point. She does know because I asked her about it. Okay. Did she get defensive? Was she like, well, here's why I did this? Not really. I mean, she didn't get defensive. She was kinda open at first, but then didn't really wanna tell me what the balance was on it. Oh. Either? Was there an agreement, hey. Well, we're gonna pay for school, but you have to go completely debt free. You're not gonna go into debt. You're not gonna open a credit card. What was the conversation like? Well, I don't feel like we ever had a specific conversation. But as she turned 18, I do recall, like, seeing, you know, credit card offers come in the mail and then just told her kinda like, please don't ever open one. Please don't open one. I mean, I just she knows we're against it. So I I I just wanna call out George. The joy of this show is sometimes people call them, and they're like, I found cocaine in my son's room. And and then I found my daughter has three husbands. And then occasionally, it's like She has the Delta Skyline's car. Found a Discover car. It's so great. Okay. So and, George, jump in here. Like, my Jesse, my rule of thumb is always, a, I expect my kids to explore and press boundaries and see if they hold. Okay? So it's it's …