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Dear Dave, I’ve seen lots of companies marketing prepaid debit cards for children. They seem to position them as a way parents can set spending limits for their children. Do you think these are a good idea? It seems to me they are just a form of cond...

If the events of recent weeks (or years) have you asking yourself, “What is wrong with these people?” — the answer is: not very much. They simply suffer from a small but crucial error in the way their brains create models of the world around them. Th...

Dear Dave, We’re following your plan, and we’re in the middle of paying off all our debts except for the house. My wife just learnt she’ll be losing her job at the end of the year. She’s a project manager for a software company in Seattle, and she wi...

Former Federal Reserve chairman Alan Greenspan is worried about a bond bubble. “By any measure, real long-term interest rates are much too low and therefore unsustainable,” Greenspan said in a recent interview. “When they move higher they are likely ...

Dear Dave, I’m debt-free except for my home, and I’m considering having solar panels installed on the roof of the house. It would cost about $27,000. I have $80,000 in savings, but the company doing the installation will finance it all for just one p...

Dear Dave, I currently have student loans in deferment from earning a degree in hospitality management. My career goal is to own a mobile food vending company, so I’m putting most of the money I make from eBay and ride-hailing services — around $1,00...

Dear Dave, I want to build an 18-unit apartment complex, but I don’t have enough cash to do it on my own. My net worth is around $1,00,000, and I have $600,000 I can put towards this project. It is estimated to cost $1.2 million. Would lining up inve...

Dear Dave, My wife and I have been helping our adopted daughter financially for some time. She’s 25, has been married for three years, and we don’t see this cycle stopping anytime soon. The worst part is, they will often throw in that our grandchild ...

Dear Dave, I’ve been living in a rental house for some time now. I was just told by the owners that the house is being foreclosed on next week. I’ve tried to call and e-mail them, but haven’t heard anything back. Should I go ahead and pay rent for th...

The explosive growth in exchange-traded and index funds is causing the money management industry to freak out. Some are worried these vehicles will destabilise markets. Others are concerned fundamental analysis is no longer being rewarded. Another gr...