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Dear Dave, I’ve gotten out of debt before following your plan, but I always seem to fall right back in. I find myself spending more than I mean to whenever I go out shopping or running errands. I’m tired of all this, and I want to stop busting my bud...

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 fe...

Dear Dave, I’m 26 and single, and I have about $35,000 in credit card and student loan debt. I’m only making $20,000 a year right now, but I expect to be making almost $30,000 soon. Under the circumstances, can I get by with $500 in my emergency fund...

What do you picture when you hear the word retirement? You might have a vague plan of travelling around the country visiting grandkids. Or maybe you long for the day when you’ve saved up enough money to quit a job you hate. Some of you might feel an...

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 sno...

As a teen, Shane English benefited from living in a financially literate household, but he realises that isn’t necessarily the norm in Bermuda. Mr English, an investment review analyst at Lombard Odier, says it can be difficult for some people to dis...

In the second part of an article to mark World Investor Week, Robert Stammers, director, investor education, at the CFA Institute, looks at more of the common mistakes investors make. 11, Not knowing the true performance of your investments It is...

This week is World Investor Week, which aims to promote financial literacy around the world. The global inititaive, spearheaded by the International Organisation of Securities Commissions and the World Federation of Exchanges, is led in Bermuda by th...

The Olderhood Group, a life transition consulting and coaching company, has launched its new Retirement Planning Advisory Service. Olderhood describes the service as “a personal yet private boutique counselling solution to educate and prepare island ...

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 amou...