Thursday, November 27, 2014
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GOBankingRates: At just 23 years old, Lawrence has been thrifty and realistic right from the start, making her a good role model for young people who haven’t developed good money habits yet.
The Street: When we get burnt out on budgets and financial goals, we sometimes respond by blowing our budgets with impulsive spending. It can happen to anyone, and when it does, it can be difficult to get back on track.
Dave Ramsey: We have three daughters under the age of 5, so we may be spending quite a bit on things like weddings in the years to come. Is there a Baby Step for weddings? If not, during which Baby Step do you recommend setting aside money for this?
GOBankingRates: If you’re worried about your money management skills, these tips might help you figure out what you’re doing wrong and how to fix it.
The Street: Even successful investors like Warren Buffett and Carl Icahn make bad bets from time to time. And other investors can learn from their costly mistakes.
Dave Ramsey: My mother-in-law is in poor health and doesn’t have a lot of money. She has been giving us a lot of her earnings over the last couple of years as a kind of early inheritance, because she’s afraid she’ll spend it all. We’re setting it aside in a savings account in case she needs it, but I still feel strange about the situation. What do you recommend we do?
Dave Ramsey: I’m 19, and I have a job making $30,000 a year. I’ve also got about $40,000 in stocks and $10,000 in savings. I want to buy a house in the near future. Should I pay cash and buy it outright, or is a 15-year mortgage okay?
Dave Ramsey: We’ve got our starter emergency fund in place, and we’ve paid off the last of our debt. Currently, we rent an apartment but my wife really wants us to buy a house now. She also wants us to use a 30-year, 100 percent financing plan, and says this wouldn’t cost any more than we’re paying in rent. I disagree with her idea, and she’s upset with me. How can I make her see this is a bad plan?
VIENNA (AP) - Reflecting its lessening oil clout, OPEC decided Thursday to keep its output target on hold and sit out falling crude prices that will likely spiral even lower as a result.
ATHENS, Greece (AP) - A 24-hour general strike in Greece shut down services across the country, forcing flight cancellations and school closures and leaving state hospitals functioning with emergency staff, while tens of thousands of protesters marched in central Athens.
BERLIN (AP) - Germany's unemployment rate was steady at 6.3 percent in November as the labor market in Europe's largest economy remained strong.
LONDON (AP) - Oil companies saw their shares take a beating Thursday as crude prices slid to their lowest in over four years in the wake of OPEC's decision to maintain production levels even though prices have fallen sharply in recent weeks.
Some holiday travelers are giving thanks for the cheapest gas prices in years. But that's cold comfort to those beating a path through stormy weather, including a nor'easter affecting a wide swath of the East Coast.
TOKYO (AP) - Asian shares were mostly higher Thursday on hopes for more stimulus in China. Hong Kong's market was steady after the arrests of dozens of pro-democracy protesters as police acted on court orders to clear barricades from major streets.
NEW ORLEANS (AP) - A third-party audit has found that a Court-Supervised Settlement Program has correctly processed more than 99 percent of claims by businesses and individuals arising from the 2010 oil spill in the Gulf of Mexico, a newspaper reported.
The Street: Fielding calls from debt collectors may be the least favorite part of your day, but handling them strategically is crucial. In fact, one key tip is to call your debt collector, instead of letting them call you.

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.