Dear Dave: Why don’t you recommend having short-term disability insurance while doing the first three Baby Steps of your plan? It seems like a good time for it, when you’re in the beginning stages of getting your finances in order. — Bob
Dear Dave: My husband and I are just starting Baby Step 1 of your plan. Prior to this, we told my two nephews we would buy them laptop computers for college. They don’t get a lot of encouragement or support from their immediate family, so we try to help them when we can. Should we go ahead and honor this commitment, postpone getting our starter emergency fund in place, and possibly take on a little more debt, or bow out of the agreement — Lisa
Dear Dave, My husband and I are just starting Baby Step 1 of your plan. Before this, we told my two nephews we would buy them laptop computers for college. They don’t get a lot of encouragement or support from their immediate family, so we try to help them when we can. Should we go ahead and honor this commitment, postpone getting our starter emergency fund in place and possibly take on a little more debt or bow out of the agreement? — Lisa
Dear Dave: I bring home $4,100 a month in military disability pay and Social Security combined. My wife brings home an additional $2,000 each month. Should we base our emergency fund level on her income only, since mine is guaranteed? — Lewis
Dear Dave: How do you sell a vehicle with a lien amount that’s higher than the actual value of the car? — Michael
Dear Dave: Will paying my taxes online give the government electronic access to my checking account? — Ashley
Dear Dave: How do you feel about check-cashing companies? — Norman
Dear Dave: I have $100,000 in student loan debt. Since the amount is so large, is there a special place in your Baby Steps plan for it? — Julie
Dear Dave: I've been following your plan, and I'm ready to start investing. Do employer contributions count toward the 15 percent you recommend putting into retirement? — Brenda
Chamber Leadership & Culture Conference; New LGCY Power chairman; McDonald’s hiring with Snaps
Chamber of Commerce hosting culture conference
Born and raised in Conroe, Barry Blanton, of Blanton Advisors LLC, has been in The Woodlands for over 30 years. During that time, he has participated in various leadership roles, including chairman of Conroe and South Montgomery County YMCA and Montgomery County United Way, as well as Leadership Montgomery County. This year will be his third year as host for the Live2Lead broadcast event.
Dear Dave: My husband opened his own commercial painting business in May. He knows he will have about three months in the year where he's making little to no income. We've gotten $1,000 set aside for our Baby Step 1 beginner's emergency fund, but because of that down period, he would like to skip paying off all our debt except for the house, which is Baby Step 2, and move to Baby Step 3 and put an emergency fund aside. I can understand his thinking, but I wanted your thoughts on the idea. — Melody
n Dave Ramsey’s Financial Peace University 9-week class is Wednesdays from 5:30 to 7:30 p.m. Classes at Bingham Specialty Plaza second floor classroom. Price: $93 for a lifetime membership. Signup at: www.daveramsey.com/fpu/classes/1044764 For more information, call Rob Weis at (208) 680-9868.
n Renowned military historian Dr. Timothy Mucklow, formerly with the National Security Agency, will offer a free lecture on cryptography today at 6 p.m., in Room 104 of Idaho State University’s College of Business building.
Dear Dave: I currently have student loans in deferment from earning a degree in hospitality management. My career goal is to own a mobile food vending company, so I'm putting most of the money I make from eBay and ride-hailing services — around $1,000 per month — aside in savings for that. Should I forego my business idea for the time being and knock out the student loan debt instead? — Nicholas
FRANKLIN, Tenn. (AP) — Financial personality Dave Ramsey has broken ground on a new corporate headquarters in Tennessee.
Ramsey Solutions celebrated the groundbreaking Thursday at the Franklin site where its more than 223,000 square-foot (20,717 sq. meter) building will stand. The estimated move-in date is August 2019.
Charleston Area Medical Center cutting 300 jobs
CHARLESTON, W.Va. (AP) — Charleston Area Medical Center is cutting 300 jobs by the end of the year due to financial problems.
Media outlets report CAMC announced the layoffs Wednesday.
CAMC Health System CEO Dave Ramsey told employees in a video that after the first five months of the year, CAMC was on course to lose more than $40 million in 2017.
- Post-BulletinDave Ramsey: Wait until after the wedding to join financesMarch 18, 2019
- Post-BulletinDave Ramsey: Startup debt can be fatal for small businessMarch 11, 2019
- Post-BulletinDave Ramsey: Don't let HSA sway you from retiring debtFebruary 24, 2019
- Post-BulletinDave Ramsey: Even at zero percent, debt makes zero senseFebruary 17, 2019
- Post-BulletinDave Ramsey: Mom's on board with loan, for good or badFebruary 10, 2019
Dave Ramsey: Don’t let your parents pressure you into buying a house with them
Dear Dave: My dad wants me to buy a house on a 30-year loan for him and my mom in my name and let them make the payments. I'm 24 years old and have a good credit score and a nice apartment, but my job depends largely on how the oil industry is doing. My dad filed bankruptcy nine years ago, and he's already $150,000 in debt again, so he's never been very responsible with money. I think this would spell big trouble for me, but I'm sure he will be mad if I say no. What are your thoughts? — Emmanuel
Dear Dave: My wife and I are looking at buying a new home. We've been really blessed with our finances, and we're at a point where we can pay cash for a new house and still have plenty of money in the bank. Should we do this, or is it a better idea to get a mortgage for the tax deduction? — Brian
Dear Dave: I'd like to get involved in real estate investing, but I don't have a lot of cash at present. What do you think of the idea of crowdfunding as a way to invest in real estate? — Adam
Dear Dave: My wife and I are debt-free, and we're ready to start building our first home. We're a little short on cash to make the 20 percent down payment you recommend, but we do have a fully funded emergency fund in place. Would it be OK to take a little out of our emergency fund to make up the difference? — Chris
Dear Dave: My wife and I are debt-free except for our home, and we're on Baby Steps 4 and 5. Recently, we were asked to make a large donation to a charity we already support. We don't have the full cash amount they asked for on hand, and after hearing that, they said we could make monthly installment payments until the donation amount was paid in full. We're hesitant to do this because it seems a bit like debt to us. What do you think? — Ben
Dear Dave: My husband and I own a small business. One of our relatives asked for a job recently, and we both have reservations about hiring him because there are several dysfunctional relationships and personalities within our extended family. Are we being mean? We're not sure how to respond. — Becky
Dear Dave: My wife and I are both 25 years old, and we're working on Baby Steps 4, 5 and 6. I have a 401(k) through my employer, and she has a pension. Currently, we're falling short of the 15 percent of income you advise putting toward retirement. Should we get IRAs or start stocking money away in her pension? — John
Dear Dave: My wife and I argue a lot about finances. We're trying to get more control over our money, and she has been listening to you. That's helped a lot. She's also a lot more frugal than I am, and our biggest point of contention right now is how we handle our spending money. Whenever I work overtime at my job, I feel like I should be able to put the overtime pay toward my spending money. What are your thoughts on this? — Josh
Dear Dave: One of my relatives just graduated from college with $20,000 in student loan debt. Her boyfriend graduated, too, and he has over $100,000 in student loan debt. They want to get married, so she's looking for a job. He wants to go to graduate school and take out more loans to remain a full-time student. The idea of even more debt hanging over their heads really bothers her. Do you have any advice? — Denise
Dear Dave: When it comes to making a will, would it suffice to sit down and write it all out on a piece of paper, then have it notarized. — Joyce
Fixing your finances: Weekly course led by local teaches valuable lessons about debt, budgeting, more
HARLINGEN — It’s revolutionized his family and helped many more people he knows.
Palm Valley’s John Topp knows first-hand how a simple class can save people who are battling or have fought financial problems.
Dave Ramsey is usually harmless and often entertaining, offering up basic financial advice to a loyal following. His advice can pretty much be summed up as "don't buy stuff you can't afford."
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