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The Street
The Street
Colette Bennett

Dave Ramsey Reveals the Biggest Budgeting Mistake People Make

While personal-finance guru Dave Ramsey is not typically known for his gentle approach, the man does have a lot of good advice to share about money.

One thing Ramsey has always advocated strongly for is having a budgeting plan. Whether you use an app to do so or you use the good old fashioned envelope system, understanding how and where you spend your money is key to mastering how to best use it to your advantage.

DON'T MISS: Dave Ramsey Warns Followers About a Common Pitfall

In a tweet Ramsey sent out on April 2, he reveals that one of the easiest budget categories to go overboard on is one everyone likes to spend on: food.

Folks were quick to jump into the comments to discuss Ramsey's statement, with some suggesting that quality food will cost more but is worth it.

Another money coach popped into the conversation to share some thoughts as well.

And, naturally, there was someone there to tell Ramsey that his take is wrong because that's what the internet is all about.

Dissension aside, Ramsey is right: In a Personal Capital survey from 2021, 39% of people said they overspend the most on dining out above all other categories.

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