Dave Says by Dave Ramsey
You’re Using It Wrong
I take classes online at a public university that is several hours from my home. I tried to pay for my classes the other day, and my Visa debit card was not accepted. I got a message saying credit cards and cash were the only payment options. How can I take care of this without wasting an entire day driving to campus to pay with cash?
Don’t worry, there’s no need for you to drive all the way to campus and back just to pay for your classes. You can run a debit card like it’s a credit card, and they will accept it. The machines don’t recognize the difference, whether you type in a credit card number or a debit card number.
Just select “credit” when it asks for payment method. It’s just like when you step up to pay for something at the store and they ask the old credit or debit question. You say credit, so you don’t have to enter your PIN (personal identification number), and it all stays in the Visa system.
You’re just using it wrong, and that’s why you’re having trouble. Just remember this in the future, and best of luck with your classes!
Consider the House?
My husband and I have been debt-free, except for our mortgage, for a few years now. Recently, we’ve been thinking about moving back to our home state to be closer to family. We’ve found a home we’re interested in, but it has a large utility tower on the property not far from the house. Should we still consider this home?
The downsides are simple. One, you’ve got to look at the stupid thing every time you’re sitting on your patio. Two, when you get ready to sell it, everyone who looks at the house is going to have the same concerns you have. It’s not going to appreciate in value, and you’re going to have trouble selling it when the time comes.
If you’re willing to put up with those two things, you might get a steal of a deal on this place because no one else may want this house. And when I say a steal, I’m talking around 40 percent off the appraisal. To me personally, it would be enough of an eyesore that I probably wouldn’t buy. Again, that’s just a personal opinion.
Keep in mind that if you go through with this, when you get ready to sell it you’re going to lose out on any money you gained in the buy. Someone is going to do the same thing to you. I’m not completely killing the deal, but I definitely wouldn’t buy it to live in. As a rental? Maybe, if I were going to keep it forever. Because people will always rent. But honestly, I wouldn’t want to put up with the hassle in either scenario.
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 12 million listeners each week on 575 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at @DaveRamsey.