At first, Tim : Dave = 4 : 3. Let Tim = 4u, Dave = 3u.
After Tim saves $12 and Dave spends $12:

[[model:questions/solutions/q5410.png]]

• Tim after = 4u + 12, Dave after = 3u − 12
• Ratio after is (4u + 12) : (3u − 12) = 6 : 1
• 4u + 12 = 6(3u − 12)
• 4u + 12 = 18u − 72
• 14u = 84 → u = 6
• Tim at first = 4 × 6 = $24

Tim had $24 at first.
Check: Tim $24, Dave $18. After: Tim $36, Dave $6. 36 : 6 = 6 : 1. ✓