Tagged Stories
Displaying all 15 stories tagged with "Budget"
Dave Says: Worry about Your Wallet, Not Your Image
Mormon Life says: I'm a new doctor with an old car. Should I upgrade?
Dear Dave,I’m a new doctor, and I drive a car that has over 200,000 miles on it, is 10 years old, and a few dings in the doors. I’ve heard image is everything when you’re a doctor, but I like not...
Dave Says: Why the Need for a Fresh Monthly Budget?
Mormon Life says: Why do you recommend a new budget every month if the same budget should work month to month?
Dear Dave,I was wondering why you recommend doing a fresh budget every month. Once you’ve figured out your expenses and income, won’t the same budget work month to month?KaraDear Kara,I understand...
Dave Says: Question about Home's Value
Mormon Life says: Is it legitimate for a law firm to offer protesting the value of our home in return for 50 percent of any tax savings?
Dear Dave,We keep getting offers in the mail from a law firm that offers to protest the assessed value of our home for property tax purposes. They say that we’ll pay them nothing if they can’t save...
Dave Says: Sell the Bike?
Mormon Life says: My husband and I disagree about selling our motorcycle to help with debt. What should I do?
Dear Dave,My husband and I have been through Financial Peace University. I’ve always been the numbers nerd, although he’s catching on and doing pretty well. He has a motorcycle he bought a few years...
Dave Says: Where Do Toys Fit in the Baby Steps?
Mormon Life says: According to your savings plan, when is it okay to get a toy like a boat or motorcycle?
Dear Dave,When is it okay to have a little fun and get a boat or a motorcycle when you’re doing the Baby Steps?JenniferDear Jennifer,I always recommend that folks complete the first three Baby Steps...
Dave Says: New Family, Lifestyle Changes
Mormon Life says: Getting out of debt means big changes for my new stepchildren. How do I break this to them gently?
Dear Dave,I just got married to a wonderful lady with two children. We’ve talked over our financial situation, and we’re determined to get out of debt within two years. This will mean some big...
Dave Says: Time to Break Out the Lunchbox!
Mormon Life says: My husband is attached to eating out for lunch, and it's hurting our budget. Help!
Dear Dave,I love your plan, but I think my husband is attached to eating out. Budgeting is very hard for him, and the cost of his fast food lunches is making it difficult for us. He’s also taken a...
Cash out of Debt: Three Steps to Financial Freedom
Mormon Life says: Debt. It's a four-letter word that many of us use with careless frequency. We get a loan to buy a car. We get a second mortgage to pay for a wedding. We even buy our groceries with a credit card. It adds up. If you're like most people, you have between $40,000 and $50,000 in consumer debt, including about $9,000 of credit card debt.
Save. Another four-letter word and one that too many of us avoid. Save for emergencies. Buy food storage. Save for missions. Pay the home off early. Save for retirement. Save for college expenses....
Suddenly the Breadwinner
Mormon Life says: Economic downturn, divorce, or a spouse’s illness or death can force a homemaker into the job market without warning. So how do you cope with this new role as breadwinner when it wasn’t in your plans?
When Charlynne Oborn's third child was just a year and a half old, her husband was diagnosed with a pituitary brain tumor. He lost his job and started receiving disability a month later, but it...
Keeping Cash in Check
Mormon Life says: Starting (and keeping) a budget may seem like an impossible task, but it is certainly worth it in long run. We’ve asked the experts some common budgeting questions—and found a great new program to help you—so that you can learn how to get the most for your money.
When Calvin Carter started dating Daisy Williams, he didn't know that along with a beautiful girl, he was going to get a lesson in money management. Daisy, a Wyoming native and BYU accounting major,...
Budgeting for Stupid
Mormon Life says: Would budgeting out some money for lottery tickets be a good idea?
Dear Dave, Do you think it would be a good idea to budget a little money each month for playing the lottery? I spent $10 on scratch tickets the other day and won $100. I think it might be a...
Pinching Vacation Pennies
Mormon Life says: With strategic planning, a few travel secrets, and a little sacrifice, your dream getaway is entirely realistic.
Stress and economic fear are strangers to no one these days. Most people could use a relaxing vacation right about now, but how to afford it in a time like this? Budget travel. "There are three...
Stupid Tax - Paid!
Mormon Life says: My husband got talked into a department store credit card just to get a discount. He made one purchase of $25, and afterwards he forgot all about the card because he'd never had one before. They wrote down the wrong address on the application, and nine months later we found it had been turned over to a collections agency. With late charges the total due is $285. What do we do?
Dear Dave, Even though we make $70,000 a year, my husband got talked into a department store credit card just to get a discount. He made one purchase of $25, and afterwards he forgot all about...
Prepare Every Needful Thing
Mormon Life says: It's January--time to organize! The superstores have those giant plastic containers on sale, so you can sort all the stuff you've accumulated this past year. But how many years has it been since you sorted out the clutter in your financial house?
This article isn't about how to balance your checkbook or verify how much your stock portfolio is making. It is about things you'll leave behind to make life bearable for your family. Several...
Mothers, Fathers, and Money
Mormon Life says: Being a parent today is no easy task. Many parents are concerned how they should teach their children about money matters and better prepare them for life. After all, if we as parents don't teach them, who will?
Perhaps we weren’t blessed with parents who perfectly taught or modeled financial wisdom and acumen. However, the issue facing us today is that we as parents are responsible to teach our own...
