Budgeting

If you know it's coming, it's not an emergency

Melody's husband believes he'll have about three months of down time each year in his new business. He wants them to skip paying off debt, and build up a big emergency fund to cover these times. Dave gives them a better idea.

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You still need one

Brad is debt-free, and he serves in the Navy. He doesn't have an emergency fund, but says the Navy provides certain types of relief funds for its members. Still, Dave urges Brad to set aside three to six months of expenses for the unexpected.

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Cash flow grad school?

Dan is in grad school. He and his wife have a good income and little debt. He asks Dave if cash flowing school from here on out is a good plan. Dave loves the idea, and he gives Dan a few pointers for making things work.

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Invest in you

Chandler is working his way through college. He asks Dave and Chris Brown if he should invest any additional pay, or simply save it for school expenses.

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