Carly on Twitter is 24 and needs to build her credit. Does she need to get a credit card?

Julie in Kansas City and her husband have been married 12 years. He has four kids from a previous relationship, and they have one child together. Julie wants to change her will to only reflect their child together. Does she have to tell him if she changes it?

Lilly in Los Angeles co-signed a student loan for her nephew. The loan was $20,000, and by the time he pays it off, it will be up to $40,000. He’s a sophomore with two more years in school. Should Lilly just pay the loan off? Dave advises Lilly to wait and see if he pays it, but if he doesn’t, she should be ready to.

John in New York City wants to know if he should leave his wife with his full pension or take out an extra life insurance policy. The pension would be reduced while he’s alive in order for her to have survivorship rights. Dave works through the numbers with John.

Katie and Oscar in Dallas are debt-free! They paid off $103,000 in a year making $168,000 a year up to $175,000 a year. They’re both in IT and sold their new Toyota Sequoia to help them get out of debt.

Charles in Cincinnati owns a commercial property and decided to get it reappraised to lower the property taxes. The school board is denying the appraisal. What does Charles need to do to make sure the property value is lowered the way it should be?

Michelle in Cincinnati and her husband have placed an offer on a house. They have a closing date, but it’s the second one. The front door needs to be repaired, and the sellers haven’t repaired it yet. Dave explains how to handle this.

Dave reads comments from listeners.

Joyce in North Dakota and her husband are considering purchasing a different house so that they can have more dining space. They’ve considered adding on, but they wouldn’t be able to recover the investment. Should they sell their house and buy something else?

Chris in Georgia is ready to rent out his townhouse. How should he evaluate potential tenants?

Sam in Iowa is 25 with a mortgage and $11,000 left to pay on student loans. The taxes on his house haven’t full assessed yet and won’t for another year and a half. He has $5,000 set aside for the assessment. Should he put the savings toward his student loan debt instead of the property taxes?

Melanie in Indianapolis says her sister received power of attorney for their father. She began distributing gifts to get rid of his assets in case he had to go into a nursing home. He had a retirement account worth about $100,000. Before he died, she had him cash it out with a penalty to help take care of him. She paid herself a salary out of that. Should Melanie pursue the money from his retirement in her suit against her sister?

Mark in Tulsa asks if he should use an inherited IRA to pay off his house. He owes $120,000 on the house, and there’s $270,000 in the IRA. The house is Mark’s only debt, and his wife is expecting a baby. They make $80,000 a year at 33 years old.

Chris and Sheila in Des Moines are debt-free! They paid off $107,000 in five years making $70,000 a year up to $120,000 a year. They had $25,000 in car debt, 42, in credit card, $20,000 in student loans, and $20,000 in medical debts.

Kendall in Los Angeles and her husband are on Baby Step 4. They’re renting and would like to buy a house. They need $120,000 for a 20% down payment. They bring home about $120,000 a year. Dave helps her figure out how they can save for the house they want to buy.

Aaron in Illinois is receiving a $50,000 inheritance from his grandfather. Should he use that money toward his debt snowball or pay off his student loans? Dave thinks he should walk right up the Baby Steps.

Cathy in Los Angeles is separated from her husband after finding out he’s addicted to porn and dating sites. Should she trust him with half of their emergency fund?

Judy in Scottsdale is debt-free! She paid off $25,000 in 16 months making $33,000 a year up to $52,000 a year. She worked two extra jobs to help pay off the debt. Judy cash flowed all of this debt payoff.

Maria in Montana can take out a $3,000 loan to pay off her taxes from last year and this year and a collection agency. Is it a good idea so that she doesn’t have to pay three bills each month? Dave thinks it may be a good idea for a different reason.

Amanda in Atlanta wants to know how to get her students to care about their future finances. Dave tells her what approach he’d take.

Amber in Alaska and her husband have over-saved their emergency fund. They need some guidance with what to do with it now. Dave walks her right up the Baby Steps.

Kelly in Denver is engaged. She’s getting married in about a year and a half. She’s on Baby Step 2 with $10,000 in the bank. Should she save that money toward the wedding or throw it at debt?