Dave Ramsey and Dr. John Delony give advice on how to manage your personal finances amid stress related to 'devastating' inflation.
"The math is devastating, particularly at the gas pump, or if you're trying to buy a used car, that's where people are getting just absolutely hammered. We're noticing it at the grocery store," Ramsey told FOX Business’"The fact that we were all just completely stressed out and our emotional gas tanks got empty, we were depleted during this whole pandemic process, and then we get hit again with inflation.
"When you owe somebody money, you don't control your tomorrow – the bank does. When you are struggling to pay bills, to put gas in your car to buy basic groceries, your body will sound the anxiety alarms, the depression alarms, because you're not safe, right?" Delony clarified. "And over the last couple of years, we've been cut off from one another, so our bodies again are sounding the alarms.
"Save for a positive force," Ramsey advised, "the future idea that I'm going to build wealth and pleasure, and that's a much better motivator for saving.", primarily due to our psychology.
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