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…
I remember as I was growing up, I always thought school was free. I mean, I understood that private school costs money, but I went to public school, and I didn’t think a whole lo…
Dear Dave, We’ve followed your advice and put our kids on commissions instead of allowances. The problem is our 8-year-old. He never buys anything, and he seems to be very frugal…
Dear Dave, I’ve had enough of living paycheck-to-paycheck. I’m going to start following your plan, but I have a question. Should I catch up on my past due bills before beginnin…
Dear Dave, Should my husband and I combine our finances? Jenny Dear Jenny, If you want a quality marriage, the answer is yes. If you want a high probability of building wealth, the…
