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Archive of Dave Says - Weekly Financial Blog
- A Travel Agent for Gilt Trips
You don’t have an ethical or moral obligation to give manipulative people money just because they’re related to you.... more
- Remember, Everyone Makes Mistakes
Giving someone cash who is immature or irresponsible with money not really helping them. Be honest with siblings that want to borrow money.... more
- Honesty Is a Necessity
Having an emergency fund is a good idea. You and your spouse should be on the same page regarding this. You both have a say and you need to speak up.... more
- It’ll Take Lots of Discussion and Planning
Starting your own business can be a scary proposition. Make sure your work falls in line with your passion, skills and talents you were born with, or it is just another job.... more
- Don’t Let Them Hook You
Taking store offers of getting a discount if you open a store credit card is like playing with snakes. At some point you will be bitten.... more
- Personal Circumstance Determines whether to Go with a Trust or a Will
Having a will and or a trust will allow you to feel good knowing your estate will go to the right people—and that your family will be taken care of!... more
- Dad Already Made the Decision
A relationship that is purchased isn’t a real relationship... more
- Doesn’t Sound Like Fun to Me!
If you gamble for fun and only spend what you have budgeted for. Is it still fun? Dave doesn’t think so.... more
- Be Vigilant about Insurance
You should review your insurance coverage once per year and make sure you have the correct amount of coverage in the policy.... more
- What Do You Want to Do?
If you were in a financially good place and expecting your first child, would you quit your job to spend more time with you newborn? There is no bad answer.... more
- I’m Not Doing that
Selling your home to downsize makes sense. Renting for awhile to anticipate that the housing market will go down and then purchasing a new home is not a great idea.... more
- Sell The Cars, Keep Your Dignity
Moving in with the in-laws to save money and get out of debt isn’t a great idea. Read Dave’s recommendation.... more
- Teach Them. Don’t Enable Them
You may have family that have gotten themselves into a financial bind. Help them by helping them change their ways with how they handle money.... more
- Focus On the Debt First, then Save and Invest
Remove all of your debt first and then see how fast your emergency fund can be put in place.... more
- Don’t Waste Your Time or Money If You’re Not Serious
You need to put in the time and effort to make a business work.... more
- Follow the Plan, and Make Stuff Happen
Get your emergency fund of in place equaling 3 - 6 month of expenses before you begin funding your retirement plan.... more
- AD&D Insurance? No, Thank You
The devil is in the details, and AD&D insurance policies are chock-full of them.... more
- Date Night Can Be Inexpensive and Fun
Having a date night while trying to get out of debt does not have to be an expensive proposition. Get creative with ideas for spending time together.... more
- These Debt Reduction Strategies Are Bad Ideas
Debt consolidation or settlement offers never help you address the root issue of why you landed in debt in the first place. Change your behavior if you want to make a lasting, positive impact on your finances!... more
- Is It a Loan, or Is It a Gift?
Develop a monthly budget and a 5 year plan to improve your earning potential.... more
- Where Should He Park the Money?
When you’re 13, investing your money from part-time work may not seem exciting! However, if the teen wants to invest their money, it can be a great teachable moment.... more
- Budgeting for Car Repair Costs
It is inevitable that at some point you will need car repairs. Dave provides advice on how to budget for them.... more
- There’s Going to Be Sacrifice Involved
Having a mortgage that is more than 25% of you take home pay may cause you to dip into your savings to make ends meet. Don’t let that happen.... more
- Cutting Costs During The Holiday Season
Christmas doesn’t mean you need to buy high-end electronic gadgets for everyone. Focus on more personal—and less expensive—gifts that will be truly meaningful to the ones receiving them.... more
- Friend Wants To Be A Tenant
Renting to a friend may come with challenges. Learn what you should do so that you and your friend are on the same page with what you expect.... more
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