Date Nights Can Be Fun And Inexpensive

Dave Ramsey
Dave Ramsey

Looking to make date nights fun? And save money? Can you do both? Check out Dave’s thinking.

Dear Dave,

What exactly is an executor, and what part do they play in someone’s We’re trying to get control of our finances by living on a budget. We also have about $18,000 in debt we are trying to pay off. My husband brings home $3,400 a month, and I am currently taking care of our eight-month-old baby. We would like to have a date night once a month, and he thinks we should set aside $200 for this. Under the current circumstances, I feel like this is too much. What do you think?


Dear Carolyne,

If you’d told me you guys make $150,000 a year, I’d say go have a great time. But with your income, and a lot of debt on top, I’d put the brakes on that amount. It sounds like he’s looking for an outlet to unwind and have a little fun, without giving a lot of thought to the big picture. The good thing, though, is you’re working together and beginning to take this personal finance thing seriously.

My advice would be to lower the date night amount to about $50 right now. That’s plenty for a reasonable dinner and a babysitter for a couple of hours. You might not have to figure babysitting expenses into the equation at all if you have family or friends nearby.

Going out on a date doesn’t have to mean spending a lot of money. Years ago, when my wife and I were broke, we did tons of stuff that didn’t cost a dime. Things like hiking and picnics are great ways to spend quality time together, while keeping your pocketbook in your pocket. Just be creative, talk about it together and make sure you find ways to have a little us time on a regular basis.

I think you’re right on this one, Carolyne!


Don’t sell yourself short

Dear Dave,

What is the best way to invest a one-time lump sum of $2,500? My plan is to leave the money alone and let it grow for a long time.


Dear Karole,

Some people play single stocks on one-time investments like this, but I don’t like that idea. Single stock investments don’t consistently generate the kind of returns over long periods of time that a good mutual fund will. Why sell yourself short?

When it comes to investing, I consider 10 years or more to be a long time. That being the case, I’d suggest a growth stock or growth and income mutual fund with a solid track record of 10 to 20 years.

I hope this helps!

— Dave

*Dave Ramsey is a seven-time #1 national best-selling author, personal finance expert, and host of The Ramsey Show, heard by more than 18 million listeners each week. He has appeared on Good Morning America, CBS This Morning, Today Show, Fox News, CNN, Fox Business, and many more. Since 1992, Dave has helped people regain control of their money, build wealth and enhance their lives. He also serves as CEO for Ramsey Solutions.

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