. >> it's the dave ramsey show. >> reporter: with power house finance guru dave ramsey.ip number two, cut out those credit cards. >> we're going to do the famous dave ramsey placectomy. you can do it. all right. >> reporter: tip number three, make a written family budget. only one in three americans have one. >> when you agree on your spending, you spit shake, this is a contract between the two of you. >> what are the kind of sacrifices that eddy and amber are going to have to make? >> you probably won't see an inside of a restaurant for a long time unless you're working there. >> reporter: finally tip number four, dave's magic rule, pay off debt using what he calls the snowball method. >> list our debts smallest to largest. attack that little one with a vengeance. i say pay off the smallest first because you have got to have a light at the end of the tunnel that's not an oncoming train. >> reporter: if they stick to the plan, ramsey says they can pay off that $120,000 in debt in just 36 months. >> if you live like no one else, later you can live and give like no one els

financial expert dave ramsey and his daughter recently sat down with sean to talk about that and morel see that interview coming up next. >>> and later, breaking news from the supreme court, today the justices rule that town meetings can begin in prayer. our own todd starns will react to this major victory as the war on religion in america wages on. peace of mind is important when you're running a successful business. so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ my mom works at ge. to truck guys, the truck is everything. and when you put them in charge

financial expert dave ramsey and his daughter recently sat down with sean to talk about that and moreou'll see that interview coming up next. >>> and later, breaking news from the supreme court, today the justices rule that town meetings can begin in prayer. our own todd starns will react to this major victory as the war on religion in america wages on. [bell rings] this...is jane. her long day on set starts with shoulder pain... ...and a choice take 6 tylenol in a day which is 2 aleve for... ...all day relief. hmm. [bell ring] "roll sound!" "action!" nowchoose one option fromith red lothe wood-fire grill,trios! one signature shrimp dish, and a pasta. all on one plate. three delicious choices. all for $15.99 for a limited time only! come sea food differently today! [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ ♪ (woman) this place has got really good chocolate shakes. (growls) (man) that's a good

. >> it's "the dave ramsey show." that's good. >> reporter: with powerhouse finance guru dave ramsey. >> good to see you. have a seat. >> reporter: tip two, cut out the credit cards. >> we are doing the famous dave ramsey plastectomy. >> reporter: tip three, make a written family budget. only one in three americans have one. >> when you agree on your spending, you pinky swear and spit shake. this is a contract between the two of you. >> reporter: what are the kind of sacrifices they will have to make. >> you probably won't see the inside of a restaurant for a long time unless you are working there. >> reporter: tip four, dave's magic rule, pay off debt using what he calls the snowball method. >> we will list the debts smallest to largest. pay minimum payments on everything but the little one. attack the little with a vengeance. i say to pay off the littlest one first because it is a light at the end of the tunnel that is not a train. >> reporter: if they stick to the plan they can pay off $120,000 of debt in 36 months

you know, i find this so interesting, and dave ramsey is terrific. any idea how much debt you've actually paid off? >> yeah. we've paid off quite a bit. we were gazelle intents when we started this. we did everything we could. my husband worked a lot of overtime, we cut down our lifestyle dramatically, drastically, and every dollar went towards debt. and in a short amount of time, under a year, we paid off about $80-ish thousand. gerri: wow. >> yeah. but, again, we were gazelle intelligent, we put the pedal to the metal and never stopped. and right now we're at a place where all of our big debt is gone. we don't do car payments, we never will finance a car ever again. we do use the debit card for purchases online and gas, hauling two kids out of the car every time you get gas here in phoenix when it's 110, it's not the most enjoyable experience. so things like that we use the debit card for. but cash for virtually everything. this is my envelope system that i carry around, my husband and i share it, and everything from vehicle expenses to house expen

dave's, look at this stock. up 166% in the last year. ceo ed ramsey is here on his first official day on the job.an to spend. >>> as we approach the summer driving season, gas prices are about where they were last memorial day weekend. aaa says more than 36 million of you will drive 50 miles or more this holiday weekend. that's up 1.5% over last year. don't move, we could see a record. come on, hang with me. ♪ ♪ ♪ ♪ liz: who nabs the alibaba listing? top officials at both the new york stock exchange and the nasdaq apparently met earlier this week with executives from alibaba in a final attempt to win the coveted listing rights as the big behemoth, forget big, gigantic chinese company prepares for its initial public offering. he's here. who gets it? >> well, there's no place i'd rather do this than with you. what's interesting is everybody thought nasdaq was not in the lead position on this s and it still may not be in the lead position in terms of winning it, most of the underwriters were pushing for the alibaba to list its shares on the new york stock exchange. that's true. and that, you know, n