Dear Dave, What’s the best way to talk to a parent, and tell them their career or financial choices aren’t working out? My mom and dad divorced a few years ago, and now my mom …
Dear Dave, Is it okay to give very young children an allowance? Christie Dear Christie, Teaching kids there’s an emotional connection between work and money is one of the best th…
Dear Dave, My husband lost his job last week. The good news is we’re completely debt-free, and we have a six-month emergency fund saved up. I work part-time, since we have young …
Dear Dave, My wife and I are completely debt-free, and we have a full emergency fund in place. We bring home around $110,000 a year combined, and we are both maxing out 401(k)s at …
Dear Dave, I’ve heard lots of different theories and recommendations when it comes to paying off debt. Why do you advise paying off debts from smallest to largest? Marlee Dear Ma…
Dear Dave, When it comes to buying life insurance, should the coverage amount be based solely on current earnings? I have good reason to believe my income is going to increase sign…
Dear Dave, I know you talk about having an emergency fund of three to six months of expenses set aside. My husband and I are having a difficult time agreeing on exactly how much we…
Dear Dave, My husband and I have been married five years, and we’ve decided we want to have children. We’ve both been working full time since our wedding, and we were wondering…
Dear Dave, Why do I need a will if I’m still young and haven’t acquired a lot of wealth? Laura Dear Laura, In a case like yours, you don’t need a complicated will. But you do…
Dear Dave, I’ll be graduating from college in December, and I’ll have a job waiting for me that pays $50,000 a year. This will bring our household income up to about $95,000. T…
Dear Dave, Our son is 27, and he has a good job making $55,000 a year. Recently, we learned he financed an expensive car he’s now upside down on. In addition, he has accumulated …
Dear Dave, I’ve got about $3,000 in credit card debt. Would it be a good idea to transfer the balance from my credit card to another one that has a much lower interest rate? Tamm…
