Q: My brother and I recently received an inheritance after our mom died. He’s never been very good with money, so I was proud of him when he used his portion to pay off his debts. But then he went out and financed a van that I know he still can’t afford.
Q: My wife and I are still paying off debt, so we didn’t budget anything for Christmas. How much do you think we should spend on close friends and family members?
Founders Federal Credit Union distributed a $5.7 Million Loyalty Dividend to its members on Monday. The Loyalty Dividend posted to approximately 93,000 qualified member accounts, based on their relationship with the credit union. Founders paid out more than $45 million in bonus dividends since 1992.
Q: My husband and I are following your plan, and we’re trying to reconcile our on-paper budget with what’s going on in our bank account. Most of our bills are due the first half of the month, but we receive most of our income during the second half of the month. Can you help us figure out what to do?
BMW Manufacturing recently announced two new senior management changes.
Due to organizational restructuring, a new senior management function has been developed to better serve the needs of the plant’s future growth.
Q: We have three daughters under the age of 5, so we may be spending quite a bit on things like weddings in the years to come. Is there a Baby Step for weddings? If not, during which Baby Step do you recommend setting aside money for this?
Q: We’ve got our starter emergency fund in place, and we’ve paid off the last of our debt. Currently, we rent an apartment but my wife really wants us to buy a house now. She also wants us to use a 30-year, 100 percent financing plan, and says this wouldn’t cost any more than we’re paying in rent.
The Board of Zoning Appeals approved two setback variance requests during its meeting Monday night.
Q: My daughter is a freshman in college, but I didn’t save for her education. My parents said it was my job to pay for my college, and that’s what I’ve told her. She’s going to have about $12,000 in student loan debt after her first year, but how do I talk to her about not ending up with $50,000 in debt when she’s through?
Q: I’m a 26-year-old journalist making $26,000 annually, and the only debt I have is $31,000 in student loans. I’m following your plan, so I also have $1,000 in my starter emergency fund and am working side jobs to make extra money.