Tagged with "Savings"
Dave Says: When Should You Get Life Insurance?
According to Dave Ramsey, life insurance is always a good idea. But don't wait too long to get it, or else you might just be out of luck! Dear Dave, Is it ever too late to get life insurance? Tiffany Dear Tiffany, The only time it’s really too late to get life insurance is after you’re...
Dave Says: When to Change Your Will & Testament
Dear Dave, My father is terminally ill, and my two brothers and I recently had a talk with dad about his estate. He wants everything, except his house, left to us. He would like it to go to his long-time girlfriend, but it’s not written that way in the will. Should we have the will changed...
Dave Says: When to Fix and When to Sell Your Car
Depending on how much your car is worth, sometimes it's best to just sell it and use the cash for another beater that you can upgrade later. Dear Dave, I have $2,400 in transmission repair work that needs to be made on my old truck, and I don’t have the money to pay for it. I tried to get a...
Dave Says: Time to Pay Off that House!
When you've got a large chunk of change in your IRA and only a little bit to pay off on your home, pay it off and finally experience financial freedom! Dear Dave, I’m retired, and I have $400,000 in an IRA that’s earning 10 to 12 percent. The only debt I have is $20,000 on a home equity...
Dave Says: Sprint to the End of Your Debt
When your hard work and saving has finally led you to a nearly debt-free life, head toward that finish line as fast as possible! Dear Dave, My husband and I are debt-free except for our mortgage, and we make $65,000 a year. At this point, we have only $17,000 left to pay on the house. We...
Dave Says: Are Mutual Funds a Good Investment?
How do mutual funds work? Are they a good investment of your money? Dave Ramsey give a clear answer to these basic questions. Dear Dave, I’d like to start investing in mutual funds, but I have no idea how they work. Could you explain about them please? Jennifer Dear Jennifer, First of all,...
Dave Says: How Much Should I Have in Savings?
Having a nice emergency fund, along with no debt, creates a wonderful sense of financial peace! Dear Dave, I’m following your plan, and currently I have $14,000 in my emergency fund. What are essentials for three to six months of expenses? Brian Dear Brian, Basically, you should ask...
Dave Says: Collegiate Saving 101
Be honest in your dealings when your kids begin to apply for scholarships at college. Don't pretend to need more financial aid than you really do, because there are plenty of others who might need it. Dear Dave, Both of our daughters will start college next year. We have $25,000 set aside for...
Which IRA is Right for You?
Planning retirement can be an intimidating prospect. There are many different options, and they can be confusing at times. One option that is relatively simple, and still effective, is the IRA. An Individual Retirement Arrangement (IRA) account is a retirement savings plan that provides tax...
Teaching Kids Money Sense
In today’s economic conditions, it is more important now than ever to teach kids about money and financial responsibility. Yet many parents are unsure how to raise their kids with an appreciation for financial values. “Don’t use real money. Use that magic piece of plastic.” Those...
5 Tips for Outsmarting Debt
For most of us, there simply doesn't seem to be enough money to go around. But if you follow these five easy tips, you’ll be outsmarting debt before you know it! If you often find yourself living from paycheck to paycheck with little left over for any unexpected expenses, then you’re among...
Dave Says: Saving for the Next Car
I'm saving for a newer car, but where should I put the money in the meantime? Dear Dave, I finally paid off my old car, and now I’m taking your advice and saving up to pay cash for a newer one in the future. Where should I put the money...
Dave Says: Fun to Date, But Not to Marry
I love my boyfriend, but his views on money worry me. What should I do? Dear Dave, I’m dating a man who is really exciting and fun, but he has well over $100,000 in debt. He has nice cars, a boat and he travels a lot, and he does it all on credit. He wants us to get married, but his view of...
Dave Says: Buy It, or Turn It In?
Should I buy my car when it's up for lease, or save for paying off other debts? Dear Dave, I made the mistake of leasing a car a while back, and the lease is up in about nine months. Should I save up the money between now and then to buy it, or save as much as I can to pay down my student...
Dave Says: Are Coupons a Waste of Time?
Is it worth the time and effort to use coupons? Any websites you suggest for finding coupons? Dear Dave, Is it worth the time and effort to use coupons, or are they just a waste of time and a ploy to get you to buy things? Tammy Dear Tammy, Coupons are definitely a ploy to entice...
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