Sunday, April 26, 2015

Personal Finance



 

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Dave Ramsey: My wife and I have just started getting on track with our money. We have $2,000 in savings, and the only debt we have is our house and two cars. I work in the oil and gas industry and make about $180,000 a year, but things are pretty volatile right now. We’re upside down on both vehicles, and we owe $39,000 on one and about $48,000 on the other. Under the circumstances, should we go ahead and build a fully funded emergency fund or work on paying off the cars?
Dave Ramsey: My wife and I are on Baby Step 3 of your plan. We’re also saving up to buy a car with cash. We’re about $3,000 away from our goal, but now my wife wants to go ahead and finance the rest. She has started wondering what the difference is in borrowing to buy a car and borrowing to buy a house.
Three women - Denise Uzzelle, Joanna Schwartz, and Ashton Sweitzer - competed to win a $10,000 bonus in the nationwide "Know Your Value" tour that was opened recently in Philadelphia by Mika Brzezinski, host of MSNBC's Morning Joe.
The Street: Although less confident than men about investing, women are far wiser at investing than they are aware of .
Bank error necessitates filing an amended return.
A local money manager must pay $48 million in damages to an Ambler couple who said he placed their money in unsuitable, illiquid investments such as a Polish tobacco company and turbine-engine makers in Tunisia.
Dave Ramsey: I got a department store credit card, using my real age at the time, when I was 17. I ran up a debt of $150, and the balance has grown to over $350. This was 10 or 12 years ago, but a debt collection agency started calling again the other day wanting the money. Hasn’t the statute of limitations run out by now? What should I do?
The Street: With mortgage rates near two-year lows, many homeowners might be considering refinancing their mortgages. That's OK, but be careful about it, and consider whether you need to buy some time.
FRANKFURT, Germany (AP) - Ferdinand Piech, chairman of the board of Volkswagen AG and a major figure in the German auto industry, has stepped down after clashing with other board members over his criticism of the company's CEO.
PORTLAND, Ore. (AP) - For decades, farmers have routinely fed antibiotics to livestock to fatten up the animals and protect them from illnesses amplified by confined conditions.
NEW YORK (AP) - In a story April 23 about Amazon, The Associated Press reported erroneously that its quarterly revenues came in below analysts' estimates. They came in above analysts' estimates.
RIGA, Latvia (AP) - European creditors turned up the heat on Greece Friday to deliver an economic reform program that it needs to avoid a possible default and even an exit from the euro.
NEW YORK (AP) - Roger Goodell says the two stadium projects in the Los Angeles area look promising enough to lead to the return of the NFL to the nation's second-largest city.
NEW YORK (AP) - Roger Goodell says the two stadium projects in the Los Angeles area look promising enough to lead to the return of the NFL to the nation's second-largest city.
American Airlines Group Inc. says it will delay delivery of five Boeing 787 jets in response to slower growth in international travel demand.
NEW YORK (AP) - Abercrombie & Fitch is saying goodbye to the beefcake models who greet customers at its doors.
The Street: Do you want a $300 bonus from your bank - or even from another bank? Easy - just open up a checking account at the right time.

Only Dave Ramsey keeps his teeth in. Dave's done stupid with zeros on the end, and he wants you to learn from his mistakes. Read his column Tuesday, Thursday and Saturday on Philly.com.