Tagged Stories
Displaying stories 1 - 15 of 22 in total tagged with "Savings"
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...
SPONSORED: DailyLDS.com launches world's first daily deal Web site for Mormons
Mormon Life says: This website features deals on products and services of interest to LDS Church members.
DailyLDS.com launches this month offering exclusive deals to LDS members. Each day, DailyLDS will feature a new deal on LDS-related products or services at up to a 90 percent discount. The idea...
Make Your Retirement Money Last
Mormon Life says: These five tips will help you save enough so that you don't run out of money during retirement.
What are the chances you’ll run short of money in retirement? The Employee Benefit Research Institute, Washington, D.C., predicts that 47 percent of early baby boomers ages 56 to 66 and 43 percent...
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 Ramsey: What's Your Emergency Fund Range
Mormon Life says: How do we determine whether to save on the high or low end of the emergency range?
Dear Dave,In your plan, you talk about Baby Step 3 as saving enough to have three to six months of expenses in your emergency fund. My husband and I were wondering how you can determine whether you...
Dave Says: Lay the Foundation First
Mormon Life says: What should we do next to become more financially secure?
Dear Dave,We’ve read about your plan, and we’re in pretty good shape financially, but we don’t know what to do next. We have $400,000 in a 401(k) for retirement, but we don’t have an emergency fund...
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: Fifteen Percent
Mormon Life says: You say to save 15 percent of your income for retirement. Can you explain this a little more?
Dear Dave,Would you explain your 15 percent requirement on retirement contributions as listed in the Baby Steps?MelanieDear Melanie,When I talk about Baby Step 4, which is saving 15 percent of your...
Dave Says: The Car, or the Snowball?
Mormon Life says: We're working on becoming debt free, but our car is on its last legs. Should we put our debt on hold and get a car?
Dear Dave,We’re working on our debt snowball and are scheduled to become debt-free except for our home a year from now. The problem is I’ve got a very old car that’s on its last legs. Would it be...
Dave Says: Don't Do It!
Mormon Life says: Should we take the first-time homebuyer deal we're being offered?
Dear Dave,My husband and I have been married for three months, and we’re debt-free. Right now, we’re trying to save up a 20 percent down payment for a house. I work for a real estate company, and...
Dave Says: A Down Payment Is Not an Investment
Mormon Life says: How should I invest the money I'm saving for a house?
Dear Dave,I’m saving up money to buy a house in the next couple of years. How should I invest this money before I actually buy something?CandaceDear Candace,The problem is that you’re not really...
Coupon Savings: A Simple Guide for the Beginning Couponer
Mormon Life says: How would you like to do some simple work for $50 an hour, a couple hours a week? Most of us would jump at the chance, especially when budgets may be getting a little bit tight. This “job” is open to any who are interested—and your job title will be “couponer.”
"Whoa, whoa, wait," you’re thinking. "I’ve seen that new show. Those couponers devote their lives to those weird stockpiles of mustard, soda, and toilet paper. Those people are crazy. That is so not...
Dave Says: Enough for Retirement?
Mormon Life says: Why do you say I should have a million or two saved up for retirement?
Dear Dave, I’ve heard you tell people that having $90,000 to $100,000 saved up for retirement isn’t enough. That’s what I’ve got set aside right now, and I’m pretty sure it’s all I’ll ever...
Dave Says: Bargain Master!
Mormon Life says: What are your best tips for bargaining on an item?
Dear Dave,Can you share some tips on bargaining, whether for a used car or even a washer and dryer in the classifieds?RayDear Ray,This is a great question! Bargaining is one of my favorite things to...
Dave Says: Prepping Kids for Healthy Habits
Mormon Life says: How do you teach young children about paying tithing?
Dear Dave,We have two kids, ages eight and 11. When they get some money we have them take out 10 percent for tithes or giving, and 10 percent for saving. It’s difficult with the younger one...
