Should spending money be included in a budget?
Spending money in the budget? Dear Dave, We are debt-free except for our home, and we have six months of expenses set aside in our emergency fund. Every time we do our monthly budget, we…
Mortgage disability insurance?
Dear Dave, If someone is following your plan, is it a good idea to get mortgage disability insurance during Baby Step 2? Craig Dear Craig, No, it is not. Mortgage disability insurance is a gimmick,…
Flipping houses: Tougher than it looks
Dear Dave, I follow your advice and live on a budget, but it’s really hard to save up for a down payment on a house because property is so expensive here in New York. My…
A 6-figure handyman business
Dear Dave, My husband started his own one-man, small business as a handyman a little less than a year ago. He has netted $17,000 in that time, but the business has about $13,000 worth of…
Dedicated dad’s dead-end job
Dear Dave, I’m stuck in a dead-end job, and I only have a high school diploma. I’ve never minded long hours and hard work, but I’ve begun to realize I need to have a better…