Dave Ramsey offers advice on making financial decisions for your family. He suggests pausing 401(k) contributions and following a debt snowball method to pay off debt. Ramsey advises against rushing into buying a home and stresses the importance of term life insurance for parents.

Ramsey recommends hitting pause on investing if you have debt, except for your mortgage. He emphasizes the importance of getting term life insurance and investing 15% of your household income in retirement. Ramsey cautions against investing for kids if it means sacrificing saving for retirement.

Renting is not a waste of money, according to Ramsey. He advises waiting until the time is right to buy a home. Ramsey suggests term life insurance over whole life insurance for its affordability and potential to save for emergencies and invest for the future.

Read more at Yahoo Finance: 5 Money Moves Dave Ramsey Thinks All Parents Need To Make