Tagged Stories
Displaying stories 1 - 15 of 54 in total tagged with "Debt"
Dave Says: Short Term or Greater Good?
Mormon Life says: I don't use credit anymore - only debit - but I still overspend. Should I get rid of cards altogether?
Dear Dave,I have a problem with impulse spending. I switched to a debit card so that the money comes straight out of my checking account, but I still buy things I know I shouldn’t. Should I stop...
Dave Says: Treat Them the Way You'd Want to Be Treated . . .
Mormon Life says: I have good tenants who missed their rent last month because of tough times. How lenient should I be?
Dear Dave,I have tenants who have been perfect in paying rent on time for almost a year. Last month, the woman lost her job, and when I went to collect the rent the other day, she said she didn’t...
Dave Says: Downsizing House to Get Out of Debt?
Mormon Life says: Is it ever a good idea to sell a home and buy a smaller one to get out of debt?
Dear Dave,Is it ever a good idea to sell your home and buy a smaller, less expensive one in order to get out of debt more quickly?AutumnDear Autumn,It’s a good idea in some situations. If you don’t...
Dave Says: Asking for Trouble
Mormon Life says: I'd like to keep a rewards card open to use bill pay and get points. Am I asking for trouble?
Dear Dave,I want to keep one of our credit cards open and use the bill-pay option for utilities and other monthly bills. I want to do this so we can continue earning rewards points, and the way I...
Dave Says: Does Payment to Collectors End Debt?
Mormon Life says: When we pay the debt collector, is the original creditor satisfied as well?
Dear Dave,One of my husband’s credit card bills was turned over to a collection agency. They’ve offered three different payment options. If we accept one of the options, does this mean the original...
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: Leave the 401(k) Alone!
Mormon Life says: Should we borrow against our 401(k) to help pay mortgages and other debt?
Dear Dave,My husband has been transferred again in his job. Right now, we have three houses and about $60,000 in other debts. He just found out that he can borrow against his 401(k) without hardship...
Dave Says: Take Your Time with This One . . .
Mormon Life says: My boyfriend thinks it will be easier for him to pay his debts if we're married. What do you think?
Dear Dave,My boyfriend has a lot of debt. The other day a creditor called, and he wouldn’t answer the phone. Then, he told me it would be easier for him to pay off his debts if we were married...
Dave Says: What's in a Name?
Mormon Life says: What should I tell my son if he wants to transfer to an expensive college?
Dear Dave,My son is a sophomore at a local college, and he wants to transfer to a very prestigious university. If he did this he would incur more than $100,000 in student loan debt, and that’s with...
Dave Says: Don't Fall for "Same As Cash" Offers
Mormon Life says: We made a mistake with the length of our same-as-cash plan. Now we're paying 30 percent interest. What can we do?
Dear Dave,My wife and I bought some furniture a while back on what we thought was a 24-months-same-as-cash plan. The original purchase price was $1,600. The other day, I got a call from a collector...
Dave Says: Just What She Needs
Mormon Life says: Should my daughter use a financial windfall to pay off student loans or invest in a Roth IRA?
Dear Dave,My daughter is a student and has $13,000 in student loan debt. Recently, her grandparents dissolved an LLC, and they want to give her a gift of $12,500. Should she use this money to pay...
Dave Says: Going Too Far?
Mormon Life says: Should I help my in-laws pay their overdue property taxes?
Dear Dave,Your plan has been a real blessing to us. Last week, my mother-in-law told my husband they haven’t paid their property taxes yet. Three thousand dollars is due. I love my in-laws, but...
Dave Says: How Much Am I Really Liable For?
Mormon Life says: I owe $1,200 extra on old credit card debt. Am I really liable for all that?
Dear Dave,I have old credit card debt that goes back a few years. The account has been sold and re-sold to several collection companies. The limit on the card was $300, but with late charges and...
FHE: Self-reliance
Mormon Life says: Prophets have commanded us to be self-reliant and prepared for all situations. Use this lesson to discuss these principles and how to attain them.
Conference Talk: For more information on this topic read “Providing in the Lord’s Way” by President Dieter F. Uchtdorf, Ensign, Nov 2011, 53. Thought: The Lord’s way of self-reliance involves in...
Dave Says: Guilt and Cynicism
Mormon Life says: Why do you think people get so defensive when it comes to talking about budgeting and how they handle their money?
Dear Dave,I’ve noticed that lots of people get defensive when it comes to talking about money and living on a plan. Why is this?TonyaDear Tonya,I think it’s because there seem to be two negative...
