Saving

Expenses, not income

Dave explains to Lewis why an emergency fund should be based on three to six months of expenses, not income.

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Don't compromise your emergency fund

Chris and his wife are debt-free. They're ready to build their first house, but they're a little short of the 20 percent Dave recommends for a down payment. Should they dip into their fully-funded emergency fund to make up the difference? Dave gives them some guidelines.

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Watch your spending while saving

Jessica is curious what Dave thinks about shopping at warehouse clubs. Dave says he's a fan, but he warns Jessica about overspending and overbuying.

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Slow down, don't cash out

Deb asks if they should take money from retirement to pay off their home. Dave has a better idea, especially after hearing their income.

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