Dear Dave,
I graduated from college two years ago, and I have a good job making $60,000. I have about $10,000 in student loan debt, but my mom and dad have a real issue with their roof. Itís leaking in places to the point they have to set buckets around to catch the water, and Iíve gotten repair estimates of $3,000 to $5,000. Theyíre good, hard-working, blue collar folks, but theyíre less fortunate financially and have more debt than I do. What should I do first ó help them fix the roof or pay off my student loan debt?
ó Jordan

Dear Jordan,
Youíve got a great spirit, man. If I woke up in your shoes, Iíd probably help them fix the roof first. The only way I would do that, though, is if they agree to let you help them address the reasons they donít have any money. If you have the cash, go ahead and pay for the roof. But let them know they must pay you back†by getting some financial counseling.

I know you love your mom and dad, and they work too hard to be broke. Weíre not talking about you shaming or condemning them in any way. Talk to them in a loving, caring way, but you have to address the situation. If theyíve worked all their lives and canít come up with $3,000, somethingís wrong. The fact they donít have any money is the symptom. The problem is theyíve mishandled the dollars they earned. Even if you donít make a lot, you can have cash set aside for emergencies†if you manage it well.

Youíre a young guy making good money, so thereís no reason you canít do both things quickly. Help your folks with the roof, then turn around and knock out that student loan debt. It wonít be a huge burden to you. But remember, you fixing their lives without them fixing their lives will be a burden ó to all of you.
†ó Dave

Whatís reasonable fun?
Dear Dave,
Weíre debt-free except for our house. Iíve been talking to a friend about how much money to allow for fun in your budget. The other day we bought a $100 bottle of wine, and she thought that was unreasonable. Whatís your opinion?
ó Beth

Dear Beth,
Something like that depends entirely on your overall financial situation. Buying a $100 bottle of wine is pretty stupid if you only make $20,000 a year. Itís not unreasonable, though, if you make $200,000 a year. Having a great income-to-asset ratio and living debt-free†gives you the opportunity to relax and enjoy a few things.

Youíve got to take the whole picture into account. I know a guy who makes well over $15 million a year, and he bought a $200,000 car. As a ratio, thatís a very small percentage of his income. So, itís kind of silly to say an item is too expensive, or an irresponsible purchase, based on price alone.

ó Dave

ó Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 13 million listeners each week on 585 radio stations and multiple digital platforms. Follow Dave on the web at and on Twitter at @DaveRamsey.