Is It a Loan, or Is It a Gift?

Is It a Loan, or Is It a Gift?
Make a proactive effort to change things, get out of debt, and save money—for your child’s future and for yours. Kelly Sikkema/Unsplash
Dave Ramsey
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Dear Dave,

We have $15,000 in credit card debt. My husband works very hard, but only makes about $25,000 a year. We’re also living in a very old trailer right now, and I stay at home with our newborn. My dad told us he is willing to pay off our debt if we agree to get financial counseling together, and show that we are serious about doing better with our finances. What should we do?

Dave Ramsey
Dave Ramsey
Author
Dave Ramsey is CEO of Ramsey Solutions, host of "The Dave Ramsey Show," and author of best-sellers including “The Total Money Makeover.” Follow Dave at DaveRamsey.com and on Twitter @DaveRamsey.
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