Archive of Dave Says - Weekly Financial Blog
- Helping Him Stay on Track
IF you have a relative making costly financial mistakes, here is an idea on how to make him understand.... more
- Bargaining With Respect
If you're after a second car, be honest with the sellers to let them know just how much you can afford.... more
- A Properly Budgeted Christmas
If you're watching your pennies but haven't budgeted for Christmas gifts, we have some ideas to help you there.... more
- School Cost Versus Salary
Some ideas on how to set aside money to get some added schooling.... more
- The Wrong Half of the Month
Some helpful tips on setting up a household budget that works for you.... more
- Let a Little Life Happen First
No matter how well off you may be, don't rush into a home purchase if you're very young. Go live a little first and come up with a solid plan.... more
- Not So Fast!
When it comes to spending big bucks to buy a house, don't get overly excited and rush into buying without a good down payment and financial plan.... more
- Don't Stop Paying Just Yet
If you're a renter and find out your landlord is in trouble with the banks, it's time to get whatever information you can to protect yourself.... more
- Teach Her First, Then Comes Responsibility
If you children are facing budgeting issues, perhaps it's because you didn't do your job as a parent to teach them. Here's an example and how to help.... more
- Selling a Car with a Lien
In order to sell a car that is technically owned by the bank, you need to come up with the full payoff amount in order for them to relinquish title to you.... more
- School's on the Horizon
While trying to complete your education, you're not investing for retirement directly by adding to your retirement, but you are investing in your future.... more
- Income is the Problem
If you're falling behind in your bills, and are making minimum wages, it's time to either work a second job or get some career training.... more
- Extra Savings Takes Away Volatility
If your career is in a volatile industry, it's time to work on a larger starter emergency fund.... more
- Ask for Expectations
If you're thinking about loaning a close friend some money, you may want to re-think the idea. Here's why.... more
- Buy the Dream Car!
If you're debt free and have made wise investments, it's OK to splurge and spend some money on something for you. Have some fun!... more
- Where Does This Money Go?
Paying off a mortgage early is a smart economic move.... more
- Rehabbing to Sell
If you're thinking about spending money to sell a home, it's probably going to bring you back more than you put into it. Here's more with Dave.... more
- You Can't Afford the Master's Degree!
Clean up your finances and get out of the hole you've jumped into before making payments for something that won't be utilized for a few miles down the road.... more
- Asset Allocation
The asset allocation theory means that you invest aggressively while you're young. Then as you get older, you move toward less aggressive funds. IS this theory right for you?... more
- Two Free Spirits
Being a Free Spirit just means you have to concentrate a little harder on the details, because those kinds of things just aren't your nature.... more
- Tithing and Giving While Getting out of Debt
Have a baseline for your generosity when it comes to tithing and giving.... more
- Using the Mortgage to Consolidate
Debt consolidation is not getting rid of your debt. It's basically just moving it around.... more
- Offered a Timeshare
Timeshares narrow down your options as to where and when you can travel, as well as how much you spend to do so.... more
- No Pets Allowed
Even if you're a pet lover, having a no pet policy for rental properties you may own makes good horse sense.... more
- Repair Now or Buy Later?
If you're thinking about a new car and also trying to pay down a student loan, consider a less expensive car. Here's why.... more
- Avoid Interest on Loan?
Don't attempt to improve your credit by getting yourself further into debt.... more
- We Need Help With Our Budget!
Use different savings tactics to plug up the leaks in your budget.... more
- Taking Care of Final Expenses
You should buy life insurance to make sure there's enough money to take care of your family and final expenses, not to leave as an inheritance.... more
- Cash Wedding on a Budget
Spend wisely when planning a special event. Don't bite off more than you can chew.... more
- Settling with Sallie Mae
Student loans insured by the government are not likely to be settled upon for less than is owed.... more
- Sell The Rental and Reinvest?
When it comes to mutual funds, the key is to find good ones with long track records of success and stability.... more
- Will the Government Take It?
Can the government seize my 529 assets to pay off outstanding debt?... more
- Paying the Insurance Penalty
Whole life insurance plans are probably not the best path to follow. Dave has more.... more
- Asking for a Raise
If you think you should be paid more because a co-worker is slacking off, don't ask for that raise. We'll explain.... more
- Keeping Motivation Up
Your motivation may run short when spending long hours at work. Try different ways to keep yourself motivated when trying to pay down debt.... more
- Freezing Your Credit Report
Putting a freeze on your credit report only provides partial protection against identity theft. Be sure to take the proper precautions in order to limit your vulnerability.... more
- Finding 12 Percent
When choosing a mutual fund, do your research to find the highest annual rate of return.... more
- Hands Off The 529
To take money from a 529 for anything other than education will result in large penalties.... more
- No Treating Student Loans Like a Mortgage
If you're working on paying off debt, take a hard look at any student loans and try to clear them up quickly.We'll tell you why.... more
- Don't Leave An Estate With Life Insurance
If you're thinking of setting up a life insurance policy to leave something for your family, there are other options to consider.... more
- Playing With House Money
For a short term, look for a safe place to invest instead of a high risk investment.... more
- Who Do You Want to Hang Out With?
When you must choose to relocate due to a job offering the question comes down to your personal comfort level and quality of life.... more
- Be Very Kind and Very Grateful
If it's a good time to cash in an old life insurance policy your parents bought when you were a kid, do it. Just explain why and all will be well.... more
- Housing Includes Taxes and Insurance
Why you should never spend more than 25% of your monthly income for your mortgage, taxes and insurance.... more
- Let Go of the Timeshares
Why it may be time to say farewell to your timeshares.... more
- Take the Roth
The differences between a 401 (k) and a Roth 401 (k) and why you need to understand them.... more
- What Should I Do Now?
After making a terrible financial decision, look for the best possible way out, cut your losses and work diligently on recovering.... more
- Saving Priorities
Retirement is a necessity, funding your children's college education is not, so if you have to choose one, make your retirement a priority.... more
- Wait for It
Don't add unnecessary costs to your already large debt snowball.... more
- It All Evens Out
Different ages bring different expenses.... more
- Roll the Money
When switching jobs, research the different options to transferring your 401(k).... more
- AAA or Self-Insure?
Should you spend money to join AAA? It probably depends upon how much you would use that membership.... more
This website and the articles contained within are provided as a free service to you and for general informational purposes only. Information on this website is not intended to provide legal, accounting, tax or other advice. Please consult your attorney, accountant, or financial or other advisor with regard to your individual situation. We also make no warranty or representation regarding, and do not endorse, any linked websites or the information appearing there.