Finances
Dave Says: Living Without Eating Out
Dave Ramsey talks about the biggest thing families can do to live on a budget and take control of their money. Dear Dave, When it comes to taking control of your money and living on a budget, what’s the biggest thing a family can live without? Will Dear Will, There are always the...
Dave Says: Pay Off Debt vs. Down Payment
Dave Ramsey talks about the virtues of paying off debt over moving to a bigger home. Dear Dave, We’re expecting our second child next spring, and even though we have an extra bedroom, our place is pretty small for a growing family. We also have $40,000 in student loan debt hanging over our...
Dave Says: First the Baby, or the Debt?
We'd like to start a family, but we're still working on debt. Which should be our first priority? Dear Dave, My wife and I are following your plan. We want to start a family, but we’re still in debt and still owe about $8,000 on our car. Should we pay that off and fully fund our emergency...
Dave Says: Preparing for Life Beyond College
With my scholarship, I'm on track to graduate from college debt free. What should I do with the money I make at my job? Dear Dave, I’m in college with a full scholarship. I work part time and should be able to graduate with no debt. What can I do now to best utilize the money I make?...
Financial Planning for a New (or Used) Car
Take a few steps to plan out the purchase of your newest car. Find out the best ways to budget, calculate all costs, and get a good rate on any loan you take out. Whether you’re in the market for a new or used car, whether this is your first, second or third vehicle, or if you think you already...
Dave Says: Pick the Right Trustee
I'm getting a divorce and will soon buy a life insurance policy. Who should be the trustee? Dear Dave, I’m going through a divorce, and I’m about to buy a $600,000 life insurance policy. My 9-year-old daughter would be the beneficiary. I need a trustee, but how do I pick a good one?...
Dave Says: My Thoughts on Online Banks
Dave, how do you feel about using online banks? Dear Dave, How do you feel about using an online bank for your emergency fund? Jared Dear Jared, I don’t think that’s a problem at all in most situations. Just make sure you do a little research. Know who you’re dealing with and...
Dave Says: Concentrate on Your Quality of Life
I have terminal cancer, but I'd like to continue working on my debt. Should I use my 401(k), social security, and life insurance to pay it off? Dear Dave, Several months ago, I was diagnosed with stage 4 cancer. I have about $30,000 in credit card debt and would like to continue getting my...
Dave Says: Handling the Severance
I have no savings, and I'll be laid off in a few weeks. Should I hold onto my severance, or use it to pay off debt? Dear Dave, I’m an accountant, and my company is experiencing layoffs. I just learned that I’ll be losing my job in four weeks. I’ll receive a severance check, but I have no...
Dave Says: Get Your Affairs in Order
What financial steps are the best to make for a single mom who was just diagnosed with cancer? Dear Dave, One of my relatives just discovered she has cancer. She’s a single mom with two young kids, and I’m not sure if she’s prepared to face something like this. What are the best steps she...
Dave Says: Going into Emergency Mode
My wife may get laid off soon. What should we do financially with unemployment on the horizon? Dear Dave, My wife just received news that her company will experience significant layoffs in the next two months. On top of all this, she’s one of the newest workers there. We’ve been trying to...
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: You Lacked Clarity
We've been letting a woman live in one of our properties since she lost her house to a fire. It's been over a year with no financial agreement, and now we're wondering how to proceed. Dear Dave, About 17 months ago, my wife and I allowed a lady who had lost her home to a fire to move into an...
Dave Says: Fix It or Sell It?
What's your advice on when to fix an old car versus sell it and get a new one? Dear Dave, My old car has been having lots of problems lately. Do you have any advice on how to decide when it’s best to just fix an old car or get a newer one instead? Kristin Dear Kristin, This is a...
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