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Dear Dave, How do you know if a will or a trust is best for you? – Monica Dear Monica, This is a great question, especially since August is National Make-a-Will Month in the United States. The first thing you should do is take a serious look at ...

The US Federal Reserve raised interest rates again on July 27, in a second abrupt escalation one month apart, an additional 75 basis points, or 0.75 percentage points, was added to several prior actions for a total estimated increase of 2.25 percenta...

Dear Dave, My husband and I are retired. I receive a small pension, and we are both on government health insurance. We have about $25,000 left to pay on our mortgage, along with a second mortgage of $18,000. These are our only debts. We also have a n...

In some ways, feeling “rich” is less about how many zeroes you have in your bank account and more about knowing how to use them to get what you want out of life. For author and certified financial planner Tom Corley, feeling rich comes from having an...

Dear Dave, My wife and I have plans to enter the mission field as soon as we have paid off our debt and get a full emergency fund in place. We only have about $12,000 in credit card debt left, and we don’t own a home, but my father does not want this...

Bermuda’s Cup Match holiday is half over. It always reminds me of the Crown and Anchor booth, legalised betting allowed on one of the few events a year in Bermuda – for just about everyone participating it is a harmless, fun tradition. So, readers an...

Dear Dave, I finished college a couple of years ago, and I have a good job making $65,000 a year. The only debt I have is about $5,000 remaining on a car loan, and I am paying that off as quickly as possible. At the same time, my mum and dad need rep...

Here are my observations of a very interesting last week in the world of finance and economics and the implications for Bermuda. Dollar dominates: the US dollar achieved parity with the euro. The euro currency, established by the provisions in th...

With skyrocketing prices everywhere you turn these days, it’s more important than ever to take control of your money by making and sticking to a monthly budget. And I’m a big believer that every married couple should have a monthly budget meeting be...

Inflation is driving up the cost of everything at bewildering speed for our economy. Combating the direct hit to the family budget has become a necessary, frustrating everyday occurrence that may not economically recorrect for some time. Is there mor...