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Dear Dave,My husband and I are on Baby Step 3b, and we’re saving for a house. We’re out of debt and both of us make good money, plus we each have 20-year level term life insurance policies with coverage equaling 10 times our individual incomes. We also have an emergency fund equal to six mon…

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Dear Dave,We’re debt-free except for our home, and we’ll have our fully-funded emergency fund of three to six months of expenses, we’ve agreed on six months’ worth, saved up by the end of February. We’re also setting aside a little each month to buy a newer car with cash later. We’re about $…

This week, we present our five favorite test drives of last year. Included are cars only, as next week we’ll feature our five best test drives for SUVs, trucks, minivans, etc. So here we go with our five car test drives that impressed this scribe for reasons noted in the capsule. In no parti…

Q: Greg, with all the talk about the great new C8 mid-engine Corvette, do you feel the C3 generation Corvettes built after 1974 are decent buys in the collector car hobby? I am currently browsing the internet and looking at 1975 and up C3 prices, and there are some great buys out there and m…

Dear Dave,I’m 23, debt-free and I’ve almost got my fully-funded emergency fund in place. I was curious about your thoughts on saving up money to buy a duplex, living on one side, and renting out the other. It would be my first home purchase, and my first rental property.Derrick Dear Derrick,…

Dear Dave,My husband will be finishing physician assistant school in December, just a few days before our first baby is due. We’ve got about $70,000 in student loan debt, and we’re trying to get everything paid off. Both our cell phones are pretty old, and I’d like to get a new one that cost…

Chick-fil-A says it is no longer making contributions to a pair of Christian charities that critics said were anti-LGBTQ.The fast-food chain confirmed Monday that it has stopped giving money to the Salvation Army and the Fellowship of Christian Athletes. Both organizations have opposed same-…

A $75 Costco coupon currently making the rounds on social media isn't real, the retailer says.The coupon has been shared on Facebook thousands of times in recent days, according to CNN Business."While we love our fans and our members, this offer is a SCAM, and in no way affiliated with Costc…

Dear Dave,Does the amount you advise saving for a beginner emergency fund in Baby Step 1 double for a couple, or does it stay the same?Charlie Dear Charlie,Whether you’re single or married, Baby Step 1 of my plan is to save $1,000 as quickly as possible for a starter emergency fund. This may…

Retailers are duking it out like never before, rolling out all sorts of time-savers in hopes of earning your business.The latest example: Walmart said this week that is debuting drive-up alcohol pickup at about 2,000 of its stores in 29 states, including California, Florida and Texas. (See t…

Dear Dave,Is it okay to give very young children an allowance?Christie  Dear Christie,Teaching kids there’s an emotional connection between work and money is one of the best things you can do as a parent. Once your kids are old enough to do a few simple chores around the house, they’re old e…

One of the nation's largest retailers is largely getting out of the fur business.Macy's will phase out real furs — including fox, mink and sable — by February 2021.Bloomingdale's, which is owned by Macy's, will do the same.Both chains will also shutter their in-store fur vaults and stop offe…

The owner of three chains that sell maternity clothing could be heading for bankruptcy, according to published reports.Destination Maternity, which operates stores under the Motherhood Maternity, Pea in the Pod and Destination Maternity names, has been struggling amid increased competition. …

Dear Dave,What’s the best way to talk to a parent, and tell them their career or financial choices aren’t working out? My mom and dad divorced a few years ago, and now my mom is having money problems. She bought some rental properties after the divorce with the idea becoming a landlord and g…

Dear Dave,My husband lost his job last week. The good news is we’re completely debt-free, and we have a six-month emergency fund saved up. I work part-time, since we have young children, and I’ve been bringing home about $800 a month. Should we cut our budget down to bare bones now, or do yo…

A growing number of major retailers say they won't be open on Thanksgiving Day this year.The move reverses a trend that has popped up in recent years, as chains eager to get first dibs on consumers' holiday spending cash threw open their doors earlier and earlier. They include Best Buy, Kohl…

Accessing your cash from an out-of-network ATM is now more expensive than ever.The average fee is now $4.72, according to a Bankrate.com analysis. That works out to $3.09 from the owner of the ATM and an additional $1.63 from the accountholder's own bank.The fees, on average, have increased …

Cyberattacks that expose sensitive consumer information continue to be a major problem for big businesses such as retailers, according to a new report.That report, from Thales, indicates that 62% of retailers say they've experienced a data breach at some point in time, with 37% saying they h…

Dear Dave,I’ve heard lots of different theories and recommendations when it comes to paying off debt. Why do you advise paying off debts from smallest to largest?Marlee Dear Marlee,A lot of people wonder the same thing when I bring up the debt snowball. Some think paying off the debt with hi…

Forever 21 is the latest retailer to file for bankruptcy, unveiling plans to close as many as 178 U.S. stores.The filing, which was widely expected, was announced over the weekend. A turnaround plan hadn't been working as well as expected, Bloomberg previously reported. The chain, known for …

  Dear Dave,I know you talk about having an emergency fund of three to six months of expenses set aside. My husband and I are having a difficult time agreeing on exactly how much we should set aside for emergencies. How do you determine the exact amount?Erin Dear Erin,The exact amount you ha…

Amazon’s Jeff Bezos walks the walk when it comes to climate action.The Amazon founder and CEO has pledged to move Amazon closer to net-zero carbon operations. Monday, as part of that commitment, Amazon placed an order with Rivian, the Plymouth, Michigan-based electric vehicle manufacturer, f…

Christmas is still three months away, but some retailers are already starting to hire seasonal workers to keep stores adequately staffed during the busy holiday season.With low unemployment rates in most of the country, finding those workers could prove a challenge.Among the first chains to …

Dear Dave,My husband and I are in our 30s. We have $15,000 in debt spread across student loans, credit cards and a car payment. We make decent money, and we’ve each got around $50,000 in our 401(k) plans. What steps can we take toward becoming good investors?HeatherDear Heather,When you’re b…

Hundreds of part-time Whole Foods Market employees just got some incredibly bad news.The grocery chain, which is owned by e-commerce giant Amazon, will no longer provide them with access to health insurance as of Jan. 1, according to Business Insider.The move affects about 2% of the retailer…

GameStop is the latest struggling retailer to make drastic moves to stay afloat, according to published reports.Already, the chain has cut 14% of workers at its headquarters near Dallas and in select other locations, according to The Holywood Reporter. Now comes word 180-200 stores will soon…

Dear Dave,My two brothers-in-law and I have been thinking about going into business together as a side project in the real estate world. One of them is an architect and licensed general contractor, one has a successful painting business and I’m a chief financial officer with a CPA background…

Dear Dave,I’ll be graduating from college in December and I’ll have a job waiting for me that pays $50,000 a year. This will bring our household income up to about $95,000. The problem is we’ve got $18,000 in student loan debt, $2,500 in credit card debt and $4,000 to pay in medical bills. W…

Struggling retailers Kmart and Sears will close nearly 100 additional stores before year's end, according to published reports.The two chains have shuttered numerous locations in recent years, struggling to keep up with online and brick-and-mortar competitors.The latest closures, as reported…

Retailer Forever 21 is reportedly preparing to file for bankruptcy, according to published reports.Bloomberg says a turnaround plan for the chain, which sells trendy yet affordable clothes for both men and women, has been unsuccessful and talks to obtain additional cash from lenders aren't g…

Dear Dave,Our son is 27 and he has a good job making $55,000 a year. Recently, we learned he financed an expensive car he’s now upside down on. In addition, he has accumulated over $15,000 in credit card debt. He lives in a small town and only pays $650 a month in rent, but he is asking for …

Existing and proposed tariffs on goods imported from China will cost the average American family $1,000 per year, according to an analysis by JPMorgan.President Donald Trump announced the tariffs earlier this year as part of an escalating trade war.Already, HuffPost reports, tariffs that hav…

Dear Dave,I’ve got about $3,000 in credit card debt. Would it be a good idea to transfer the balance from my credit card to another one that has a much lower interest rate?TammiDear Tammi,Lots of people who find themselves in your shoes make the switch to low-interest rate credit cards. A lo…

Dear Dave,Why do I need a will if I’m still young and haven’t acquired a lot of wealth?LauraDear Laura,In a case like yours, you don’t need a complicated will. But you do need an inexpensive, basic will. The larger and more complicated your estate is, the more you’d spend on estate planning …

Pizza Hut plans to close up to 500 locations in the next two years.The move comes as the chain shifts its focus from dine-in restaurants to smaller stores devoted exclusively to carryout and delivery, Waco, Texas, TV station KCEN reports.Executives from Yum! Brands, owner of Pizza Hut, say t…