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DAVE SAYS by Dave Ramsey Dear Dave, I’d like to send my children to a private school, and they would begin classes the same month we’ll finally be out of debt. We would have to pay this out over the course of the school year, so would you consider th...

Dear Dave, Should you budget for mad money, or just carrying around cash, when you’re trying to get out of debt? AURORA Dear Aurora, What really matters is the amount of mad money you allow yourself to have. Everyone needs a little pocket money. It’...

Dear Dave, I’m 30 and debt-free. Do you think I should stop making contributions to my pension fund for a year in order to save up an emergency fund? ­— Beth Dear Beth, Yes, I do. But it shouldn’t take you a year to set aside an emergency fund i...

Dear Dave, I’m retired, and currently I have about five per cent of my retirement savings in gold and silver I’ve been acquiring over the last few years. I’ve seen gold prices decline significantly, and I’m wondering if I should hang on to it as a sa...

Dear Dave, I have a student loan in default that is now being handled by a collections agency. They want me to pay the entire $20,000 now, or consolidate it with $16,000 in collection fees added. Are these my only options? — Rebecca Dear Rebecca, ...

Dear Dave, I follow you on Twitter, and I was wondering if you recommend buying an umbrella policy. If so, how much? Dean Dear Dean, If you’ve started to win with money and build some wealth, an umbrella policy is some of the cheapest insurance you ...

Dear Dave, How do I get my girlfriend to take a more active role in planning a family budget? We’re getting married in a few months, and everything between us is great except for this one area. She seems to want me to handle the money, and make all ...

For people without enough money to retire, one solution seems obvious: keep working. But life often gets in the way. Health issues make it impossible to work, or they lose a job and can’t find another. Here’s another factor that disrupts the best int...

Dear Dave, I have a friend who is experiencing financial problems. She is between real jobs at the moment and only bringing in about $600 a month. But even when she’s working regularly, she doesn’t budget or manage her money wisely, and she’s always ...