Dave Says: Short term planning

Dear Dave, My husband and I are completely debt-free, and we’re saving up for our first house. We currently have about $90,000 in savings, and we’d like to buy a home with cash in the next few years. Where should we put our money, so it will work for us while we save more? Aimee…MORE

Dave Says: Keep your emergency fund simple)

Dear Dave, One of my friends suggested that I put my emergency fund money into bonds. What do you think of this idea? Renee   Dear Renee, Never put your emergency fund into things where volatility and risk are a concern. An emergency fund isn’t an investment; it’s three to six months of expenses set aside…MORE

Five things every parent should know about FAFSA

5 Things You Really Need to Know About the FAFSA By Anthony ONeal   Parents, do you have a rising or current college student? Have you filled out this year’s FAFSA (Free Application for Federal Student Aid) yet? You might be thinking, “Nope. We don’t have time to fill out another form,” But trust me,…MORE

Dave Says: Home warranties?

Dave Says: Home warranties? Dear Dave, Are home warranties a waste of money if someone has been following your plan and already has six months of expenses set aside in an emergency fund, plus home insurance? Andrea Dear Andrea, Home warranties are a waste of money even if you don’t have quite that much set aside…MORE

Dave Says: Put retirement on hold temporarily?

Dave Says: Put retirement on hold temporarily? Dear Dave, Should I stop making contributions to my 401(k) account for a year in order to save up an emergency fund? Thanks to you, I’m 33 and debt-free. Blake Dear Blake, Congratulations on being debt-free at such a young age! I appreciate the credit, but the truth is…MORE

Blogs

How to Stay Motivated in 2019 

How to Stay Motivated in 2019 

By the middle of February 80 percent of people give up on their New Year’s resolutions–here are 3 tips to keep you on track!

Dave Says: Insurance and Savings

Dave Says: Insurance and Savings

Dear Dave, I just realized our insurance has a health savings account (HSA) option. We’ve considered dropping this insurance soon and going to a cheaper Christian medical sharing program. We’ve got about $19,000 in debt between credit cards and a car payment, and we’re on Baby Step 2 of your plan. Our thought was to…

Dave Says: A Teachable Moment

Dave Says: A Teachable Moment

Dear Dave, My mom is single, and she co-signed on my student loans for college. Would it affect her credit if I couldn’t or didn’t make the payments? Terri   Dear Terri, Yes, it would. The truth is, your mom shouldn’t have co-signed for you in the first place. There’s only one reason lenders want…

Take Your Side Hustle Full Time This Year

Take Your Side Hustle Full Time This Year

Follow These 5 Steps to Take Your Side Hustle Full Time This Year By Christy Wright   Is your side hustle starting to feel like a second full-time job? Or maybe you’re a stay-at-home mom whose home-based business is taking off, and you want to dedicate more time to it. You’re not alone. According to a…