Shelly in Atlanta and her husband have a home, and his ex-wife’s name is still on the deed. She is filing bankruptcy. Shelly is afraid they’ll be forced to sell the house. Dave doesn’t think so and explains why.

Bill in Orlando has been a minister for 10 years, and he lost his job in January. He has to be out of the parsonage in six weeks and has about one month of severance pay. He hasn’t received a job offer. At what point should he start hoarding money? Dave says now is the time to start saving in case he doesn’t find employment.

Dave reads some comments from listeners.

Cheryl in South Carolina and her husband were working on getting out of debt, but then he went into the hospital and never came out. She paid off a Capital One account, and several months later she received a bill for an access check. They didn’t spend the money. What do they do? Dave recommends financial counseling to fix this mess.

Dan in Lansing owns a small business, and he needs to get his business off the ground for spring. What does he do? Dave recommends guerilla marketing and calling a similar business in another city to ask how they are making their business work.

Ken in Grand Rapids cosigned for his sister to move into an apartment. She moved out of the apartment last year but ran up a lot of bills, and now Ken is getting the bills and collections notices for it. Dave suggests just paying it and chalking it up to stupid tax.

Annie in Minneapolis is calling because her husband purchased a truck, it broke down, and they had to repair it for $5,000. It’s only worth $13,000 and had no warranty. The dealership offered to take the truck back for $10,000 and give them $5,000 off on a different vehicle. Dave tells her absolutely not, and they need to sell the cars.

Spenser in Seattle graduated from college 10 years ago with $45,000 in debt. He was self-employed until about a month ago. The principal balance is more than $56,000, and the interest is about $6700. He received a rehabilitation offer. Should he accept it? Dave helps Spenser figure out how to negotiate it.

Adam in Wichita has wealthy parents, and they want to give Adam and his wife some of their inheritance early. Adam isn’t sure if he should accept the money because his parents like to control with money. What does Dave think? Dave says he wouldn’t allow it to draw him into a dysfunctional play.

A Twitter listener wants to start a savings account for her son. What should she look for? Dave explains.

Ross in Dallas and his wife are attending a church offering Financial Peace University. The students cut up their cards but asked about closing the accounts even though there’s still a balance. Will the interest rates go up? Dave advises leaving them open until the balances are paid off.

Frankie in Houston and his wife have been struggling with money for 13 years. His wife tends to get out of control with money, and then he bails her out by selling cars or something else. How does he put an end to this cycle? Dave thinks she’s rebelling by spending.

Jim in Iowa has been in the Coast Guard Reserves for almost 20 years. He is going to have to start going out-of-state for training, and expenses are up to the member. He is thinking of setting up an account to have travel expenses covered. Is this the correct thing to do? Dave thinks it is.

Randy in Phoenix picked up a second job, and his first job eliminated his position last week. He has $175,000 in his 401(k), and he has a rental property with positive cash flow. Would it be wise to roll his 401(k) over into purchasing the house? Dave says he can with stipulations.

Eva in California is getting a settlement of about $10,000-$12,000. She has a $7,000 credit card debt. She also paid for a motorcycle and RV, and he has possession of the motorcycle. Dave tells her to get the motorcycle back and pay off the debts.

Thomas in Tampa wants to know what a core bond fund Class C is. Dave tells Thomas he isn’t sure since he hasn’t familiarized himself with bonds and wouldn’t buy them.

Julie in Lincoln and her husband are considering converting a 401(k) into a Roth IRA. They can afford to pay the taxes on it. Dave says that they can do it but will first have to convert it to a traditional IRA.

Allen in Los Angeles and his girlfriend are considering marriage. She graduated from law school two years ago and is drowning in student loan debt. She is making about $160,000 a year. Dave recommends cutting her emergency fund down to six months and paying off the loans by Christmas.

A listener asks if he should buy his 16-year-old a car or make her pay for it. Dave suggests the 401(Dave) plan so that they share the cost.

Dave reads some comments from listeners.

A Twitter listener asks if you still need to save 15% toward retirement if you have a government pension. Dave says absolutely.

John in Austin got married last year, and he’s receiving letters from some collection agencies. John wants to know how he can take care of it since his wife doesn’t remember taking out this credit card. Dave thinks he’s going to have to call them every single day about this until it’s cleaned up.

Nicole in Detroit had an auto accident a couple of years ago, and she received $300,000 for the accident this week. How does she and her husband need to spend this money? Dave walks her up the Baby Steps to take care of their debts and their house.

Dave reads some comments from listeners.

Linda in Las Vegas and her husband are considering letting their house go. Over the last year, their income has dropped by $40,000, and their mortgage is about 51% of their income. In addition, they have $43,000 in credit card debt. What do they do? Dave encourages Linda to hang on if they can.