Dear Dave,
I’m currently a junior in college. I don’t have any debt, and my school is paid for through scholarships. Next month, I’ll receive an inheritance of almost $50,000. I don’t want to blow it, but I don’t know much about stocks, mutual funds, or investing, either. Do you have any advice?
Dear Dave, Is it worth the trouble to sell my old car now and buy a hybrid or another car that gets better gas mileage? I’m getting mixed advice from my friends on this issue. -Ted
Do I need a will or a trust?
Dear Dave,
Can you please explain the difference between a will and a trust? Which do you recommend?
Mark
Dear Mark,
Everyone needs a will, but not everyone needs a trust. A trust is something you put money into after your death by [...]
Dear Dave, What do you think about online bill payments or automatic monthly deductions to pay for everyday bills?
Right time to expand the family?
Dear Dave,
My wife and I are trying to pay down our debt. We’ve got a long way to go, and it’s pretty scary sometimes. We’ve also started thinking that we’d like to have another child. We’re not getting any younger, but we know this would prolong the time [...]
Our son is 21, and he’s embarking on a career as a professional soccer player. The beginning money isn’t huge. He’ll only be making about $30,000 a year, and we want to know how we can help him manage this money and not get caught up in the idea that he has to live a glamorous lifestyle.
Dear Dave, I’ve been playing the lottery a bit lately. I’m a Christian, and I was wondering what your views are on this. We’ve been struggling financially, and it seems that a chance to win millions is worth a buck or two. Your advice and opinion on this would be cherished.
Our daughter is 24, engaged to be married, and we can’t afford to pay for the kind of wedding she wants. Should we let her know the situation up front, and how can we keep from feeling guilty about things?
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