On The Ramsey Show – Highlight YouTube channel, the money expert spoke to Ann, a widow who was not sure if she could afford to eat in the upcoming weeks. Ann, 76 had recently found out that her husband just died.
“I don’t know what to do,” she said.
Her mortgage payment increased almost $1,000 (around £800) but she did not know if she could afford this as her husband covered the finances.
Mr Ramsey suggested she gets in contact with her daughter for some help.
He said: “I need her in your life walking with you as you start making these different decisions.
“It’s a tough week, month and year for you. I don’t want you making big financial decisions like a Lone Ranger right now
“I’m also going to get a financial coach for you to walk through the details.”
Ann’s house is under right of survivorship so it is out of the estate.
The money expert was concerned for Ann as he did not want someone to be able to claim back the house she lived in.
Dave said: “Call your daughter and I will make sure a financial coach calls you in 24 hours.
“We will make sure you have food and money set up, a good budget and a handle on where you are.
“We want someone walking with you, helping you do this stuff.”
The money expert urged that husbands and wives should “get on the same page”. Both spouses should have a will and have life insurance in place just in case an unexpected tragedy happens.
He suggested that people should know how they will survive if the other person passes away.