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Dave Says: Don’t go too far

Do you think it would be an appropriate real-world exercise if we started charging our 17-year-old son a very small amount in rent each month to prepare him for life when he leaves home?MORE

Dave Says: When can we buy a new car?

Dear Dave, My husband and I are following your plan, and we’re in the middle of saving up our emergency fund. When do you recommend buying a new car in the process? Do we have to wait until we’ve finished all the Baby Steps? Alanna   Dear Alanna, I never advise buying a brand new car, unless…MORE

Dave Says: Time to fix the real problem

Dear Dave, I’ve heard you tell people to avoid debt consolidation companies. Why do you think debt consolidation is such a bad thing? Tom   Dear Tom, The main reason is that debt consolidation makes you feel like you did something to really change your financial world when you didn’t. That’s part of the catch.…MORE

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Dave Says: Don’t go too far

Dave Says: Don’t go too far

Do you think it would be an appropriate real-world exercise if we started charging our 17-year-old son a very small amount in rent each month to prepare him for life when he leaves home?