What are the "Best Alternatives to Dave Ramsey Financial Coaches"? (2022)

 

Dave Ramsey is a personal finance and budgeting guru who has produced several best-selling books. Millions have benefited from his one-size-fits-all approach to debt relief. But, because many people find his approach radical and difficult to follow, are there any alternatives?


  1. The "You Need a Budget" Program is a program that helps people create a budget.

You Need a Budget, or YNAB, appears to be an up-and-coming favorite among Americans if you're seeking a specific program to follow, like Ramsey's. It's a budgeting method that uses the YNAB app to be "forward-thinking and proactive." The forward-thinking approach of YNAB distinguishes it from other personal finance applications.

 

Most personal finance applications offer a feature that allows you to track your spending and provide statistics at the end of the month so you can quickly understand where your money is going. The idea is that you'll go into the following month with these figures in mind. YNAB, on the other hand, evaluates your financial condition before you start spending.

 

2.    Kumiko Love: The Money-Saving Mom

Kumiko Love, best known for her social media accounts, is known as The Budget Mom, and she's made a name for herself in the personal finance world for her cash-only approach to spending and saving. Her social media following is expanding as she speaks to stay-at-home parents who are struggling to make ends meet while offering enriching activities and experiences for their families on a single salary. GO URL

Clark Howard is a character in the film Clark Howard

3.   A One-Size-Fits-All Strategy

Because of his one-size-fits-all strategy, one of the most common reasons individuals abandon Dave Ramsey or seek out alternatives is because of his one-size-fits-all approach. This can be off-putting or even harmful in some situations. 

Ramsey, for example, is adamant that credit cards are bad. While many people struggle with credit cards and maybe better off without one, this is not the case for everyone. Millions of people profit significantly from credit card perks. From simple cash-back credit cards to travel rewards credit cards, paying down your account in whole each month and not buying things you wouldn't buy otherwise may save you hundreds of dollars. GO URL

4.    Clark Howard is a consumer guru who hosts 

The Clark Howard Podcast, a top-rated podcast, and The Clark Howard Show, a nationally syndicated radio show. His website is jam-packed with information on credit, insurance, investment, and retirement. Clark Howard is sometimes favored over Dave Ramsey because his method and explanations are less harsh, allowing individuals to feel like they can still enjoy their life while controlling their finances. GO URL


  1. No room for differing viewpoints + toxic workplace reports

Ramsey Solutions, the 500-plus-employee company that manages the Ramsey portfolio of businesses and builds/maintains the Dave Ramsey brand, has been accused of being a hostile workplace. Instead 1. of repeating the allegations and rumors of claims in this piece, I'll let you read this story.

One article I read (which is no longer accessible) that detailed the experiences of a former Ramsey Solutions employee was particularly distressing. Former Ramsey Solutions workers formed a Facebook page to discuss their negative experiences there and how there was no tolerance for disagreement (again, read this article for more). It's just a lot of, at best, weird, at worst, discriminating conduct, and it's not something I'd want to be connected with, which is one of the reasons I don't recommend Dave Ramsey to anyone. GO URL

Singletary, Michelle

6.    Michelle Singletary's award-winning column 

The Color of Money publishes on Wednesdays and Sundays in The Washington Post. She's also the author of three personal finance books and a regular NPR commentator. The Color of Money columns have been preserved and are easy to find. The structure for responding to reader inquiries is simple to comprehend and connect to.

 

7.     Amelia Warren Tyagi and Elizabeth Warren

Elizabeth Warren and Amelia Warren Tyagi, a mother-daughter team, have written two books: The Two-Income Trap and All Your Worth. Both works look at the factors that lead to personal bankruptcy and financial instability in American homes. All Your Worth provides financial serenity and well-being by providing answers and teaching you how to manage your money.

8.    Financial Advice

If you think working one-on-one might be beneficial to you; you're in luck: there are an increasing number of possibilities.

When it comes to financial advice and planning, the conventional wisdom has been to consult a Certified Financial Planner or CFP. While a CFP might be a viable alternative in some cases, many will only meet with those who have a particular amount of assets (e.g., $200k, $500k, etc.). The reason for this is that they charge an annual fee based on a proportion of your portfolio (for example, 1%). You're out of luck if you don't have the necessary assets. Even if you have the funds, you must consider if the charge is worthwhile.


You can pay for an hour or two of counseling from certain CFPs, or a fixed price for a full financial plan. Despite the fact that this is an increasing trend.

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