Ask Chuck: Is Day Trading A Bad Idea?
Dear Chuck, My son’s college roommate made some money in day trading. Now my son wants in on the action. I’m not sure what to tell him, except to avoid it! Day Trading Fears Dear Day Trading Fears, The Bible talks a lot about investing, so I will be able to give you some […]
Ask Chuck: Should I Borrow for a Wedding?
Dear Chuck, A friend suggested we get a home equity loan to cover our daughter’s wedding this summer. This makes me very uncomfortable, but I want my daughter to have her big day. Money for Matrimony Dear Money for Matrimony, I have a very wise friend that always responds to my questions with the same […]
Ask Chuck: Getting Debt Free
Dear Chuck, I am working hard to be better with money. What’s your best tip for getting out of debt? Debt Free in Three Dear Debt Free in Three, I am excited that you have a goal to be debt free. I am hoping that your phrase “debt free in three” is a three […]
Ask Chuck: Concerned About Gas Prices
Dear Chuck, I’m getting nervous about the rising cost of gasoline because of my long commute each day. How can I avoid having my budget whacked? Bring Back Cheap Gas! Dear Bring Back Cheap Gas, You have good reason to be concerned, but it is not all bad news. There are plenty of reasons […]
Ask Chuck: Is Runaway Inflation Coming to America?
Dear Chuck, Do you think we are heading towards runaway inflation? If so, how should I prepare financially? Inflation Fears Dear Inflation Fears, Any commentary on the state of the economy is like commenting on the water level in a river—it is an ever-changing dynamic. So, whatever is said is likely to be wrong […]
Ask Chuck: House Flipping Tips
Dear Chuck, We just bought an older home and intend to remodel it. We hope to flip it within two years. We want to be prepared for the inevitable challenges. Do you have any tips besides building our emergency fund? First-Time Remodelers Dear First-Time Remodelers, I hope this ambitious undertaking to remodel and flip […]
Ask Chuck: How Can I Disaster Proof My Finances?
Dear Chuck, I have several friends who are in deep financial trouble in the early years of their marriage. I want to avoid the stress they’re experiencing. Do you have any helpful tips so that I can guard my home and marriage? Avoiding Disaster Dear Avoiding Disaster, Being under constant financial stress is terrible […]
Ask Chuck: Should I Buy an Electric Car?
Dear Chuck, I need to replace my car this year. I’m trying to decide if I should buy an electric vehicle or not. What would you do? Car Choice Dear Car Choice, This is a timely question as a great deal of policy is attempting to move us towards electric vehicles with the assumption […]
Ask Chuck: Credit for Kids?
Dear Chuck, My 13-year-old wants a credit card since her best friend has one. Seems young to me. Would you say yes or no? Credit for Kids? Dear Credit for Kids, My first reaction is, no! However, it has some potential upside, so let’s vet this a little closer. Far too many young people […]
Ask Chuck: Advice for the Unemployed
Dear Chuck, I was laid off because of COVID. My company may rehire me soon, but I am thinking of getting out of the travel industry completely. Should I wait it out or move on? Stuck in Unemployment Land Dear Stuck in Unemployment Land, I am sorry that you are feeling stuck. Having been […]
