Tagged with "Finances"
Dave Says: No Secondary Policy Necessary
I'm a doctor and my current job gives me free disability insurance. Should I get a second policy in case I lose my primary policy? Dear Dave, I’m a doctor, and I’ve been at my current job for six months. I’m scheduled to make $190,000 this year, and my husband and I will be debt-free in a...
Dave Says: Has the Limit Passed?
If the statue of limitations on a bill has expired, should I still pay it? Dear Dave, I bought a car a few years ago and purchased new wheels for $1,100 on credit. I haven’t paid the bill, and now collectors are trying to settle with me. I think the statute of limitations has expired. Should...
SPONSORED: Deseret First Credit Union has served LDS Church members, employees for over 50 years
Find out some of the interesting history behind Deseret First Credit Union, which was first established to serve financial needs of employees of the LDS Church. More than half a century ago, it was proposed to the First Presidency of The Church of Jesus Christ of Latter-day Saints that a credit...
Dave Says: How Grown Up Are You Going to Be?
Should I use my trust to pay off debt or put a down payment on a house? Dear Dave, Recently, I got married and I have $10,000 in student loan debt. I have $50,000 that came from my grandmother, but the money is in a trust controlled by my father, who is an attorney. He says I should use it all...
Dave Says: Moving in with Mom
My mother-in-law has said our small family can move in with her while we get rid of debt. Good idea? Dear Dave, We’re on Baby Step 1 of your plan, and we have $1,000 saved. We have a baby, my husband brings home about $2,000 a month, and we have $50,000 in debt, the majority of which is...
Dave Says: The Point of Life Insurance
Why will the cost of my term life insurance increase to $4,000 per year at the end of the term? Dear Dave, I have a 20-year level term life insurance policy. I noticed the other day that the cost would increase to $4,000 per year at the end of the term. Is that because it’s the end of the...
Dave Says: Daring to Dream Again
I want to work a little after I retire, but I'm burned out by my job. How do I find the fire again? Dear Dave, I’m 53 and in a position financially to retire in a couple of years. I want to keep working some after retirement, but I’m so burned out by my job that I’m not sure what I would...
Dave Says: Short Term or Greater Good?
I don't use credit anymore - only debit - but I still overspend. Should I get rid of cards altogether? Dear Dave, I have a problem with impulse spending. I switched to a debit card so that the money comes straight out of my checking account, but I still buy things I know I shouldn’t. Should I...
Dave Says: Time to Play It Smart!
Our son is starting as a professional soccer player. How can we help him so he doesn't get caught up in a glamorous lifestyle? Dear Dave, Our son is 21, and he’s embarking on a career as a professional soccer player. He’ll only be making about $30,000 a year, and we want to know how we can...
Dave Says: Don't Stay Down
Should I accept state assistance for children's insurance while I get back on my feet? Dear Dave, I just lost my job due to company-wide layoffs. I have an emergency fund, but I’m losing my health insurance. Our state has a program that covers children’s healthcare in these kinds of...
Dave Says: Treat Them the Way You'd Want to Be Treated . . .
I have good tenants who missed their rent last month because of tough times. How lenient should I be? Dear Dave, I have tenants who have been perfect in paying rent on time for almost a year. Last month, the woman lost her job, and when I went to collect the rent the other day, she said she...
Dave Says: Unity Is the Key in Money and Marriage
Do you think it matters if it's the husband or the wife who handles the money? Dear Dave, Does it matter whether it’s the husband or the wife who keeps the checkbook and pays the bills? Lots of people say that kind of thing is the man’s job, but I was curious about what you think....
Dave Says: Mixing Friends and Business
I started a partnership with my friend. What can I do to make sure our friendship is saved even if our business doesn't end up working out? Dear Dave, I just began a business with a friend as an LLC partnership. I know he’s honest and a hard worker, but I’m still a little scared that...
Dave Says: Downsizing House to Get Out of Debt?
Is it ever a good idea to sell a home and buy a smaller one to get out of debt? Dear Dave, Is it ever a good idea to sell your home and buy a smaller, less expensive one in order to get out of debt more quickly? Autumn Dear Autumn, It’s a good idea in some situations. If you...
Dave Says: Boundaries . . .
My fiancé's adult daughter doesn't show responsibility. What do we do? Dear Dave, I’m getting married to a wonderful man, but his 19-year old daughter from a previous marriage is very irresponsible. She doesn’t want to make her own car payments and doesn’t want to work. Lots of...
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