Financial planning

One of the debates in the Marquart house right now is setting up our finances. Luckily, Katie and I agree and have the same vision for the future (a good thing for a married couple). Our main goal is to have as little debt as possible, which we have done a pretty good job of so far. We enter marriage with only three debts: my car, our house, and our student loans. Having no credit card debt is amazing, and we are truly blessed to be in that position.

Our main question right now is where to get our advice. I am naturally skeptical about financial advice because I don't like getting advice from people that have something to gain (this is true in many aspects of life). For example, if you meet with a 'financial expert' from Northwestern Mutual I bet they say you need more life insurance. If you meet with someone from Baird they will tell us to invest.

I was recently turned to Dave Ramsey by two of my favorite people (Josh and Jessica Brown). Dave Ramsey is a lot like me in that he favors paying off any debt before you really start saving because by not paying interest, in the long run you are saving. Makes sense to me to pay off things at 6.8% interest (student loans) instead of saving money at 3% interest.

As I sit here, I don't know what to do with our wedding money. Haven't counted it or anything, but there is enough there to need to make a choice. Pay off the car and put the rest to student loans? I wish I could get some HONEST advice and not advice from someone that is trying to maximize their commission.