Personal Finance

Personal Finance

Put savings for college in mutual fund, not gold

Dear Dave: I have a savings account for my 2-year old that has $5,000 in it, and about half of that is in gold. I’m going to save for his college separately, and give this to him to help start his life after school. Is there a better place to put this other than a traditional savings account?

Personal Finance

Seeking investors to help fund project

Dear Dave: I want to build an 18-unit apartment complex, but I don’t have enough cash to do it on my own. My net worth is around $400,000, and I have $100,000 I can put toward this project. It is estimated to cost $1.2 million. Would lining up investors, who will take a percentage of the profits, be the same thing as acquiring debt?

Personal Finance

Stick with building that emergency fund

Dear Dave: My husband and I are in our 50s, and we have just $12,000 to pay off before we’re debt-free. We’ve paid off almost $70,000 in debt in the last two years. We would like to buy a house soon, but we know we also need an emergency fund.

Personal Finance

This debt is acceptable

Dear Dave: One of my relatives just graduated from college with $20,000 in student loan debt. Her boyfriend graduated, too, and he has over $100,000 in student loan debt. They want to get married, so she’s looking for a job. He wants to go to graduate school, and take out more loans to remain a full-time student. The idea of even more debt hanging over their heads really bothers her. Do you have any advice?

More Videos

Footage shows North Korean defector's escape 6:39

Footage shows North Korean defector's escape

Boise State Broncos serve Thanksgiving dinner, but can they sing? 2:14

Boise State Broncos serve Thanksgiving dinner, but can they sing?

An 87-yard TD catch, a fumble for TD and other highlights from Air Force game 2:02

An 87-yard TD catch, a fumble for TD and other highlights from Air Force game

Watch Breezy Johnson complete a super-G run at Sun Valley 1:21

Watch Breezy Johnson complete a super-G run at Sun Valley

A lighthearted look at Black Friday madness 1:57

A lighthearted look at Black Friday madness

Oregon sheriff's deputies' dashcam goes viral after unusual call 0:22

Oregon sheriff's deputies' dashcam goes viral after unusual call

Idaho Rep. Labrador publicly announces bid for governor 2:12

Idaho Rep. Labrador publicly announces bid for governor

She couldn't afford a new roof. He offered to do it for free. 1:35

She couldn't afford a new roof. He offered to do it for free.

Footage shows North Korean defector's escape 6:39

Footage shows North Korean defector's escape

Former Idaho Chief Justice and Vietnam veteran Jim Jones advocates for refugees 2:54

Former Idaho Chief Justice and Vietnam veteran Jim Jones advocates for refugees

Thanksgiving run/walk raises money for adoption

Families started their holiday off with the Thanksgiving Day Dash for Adoption in Boise.
Audrey Dutton adutton@idahostatesman.com
Thanksgiving run/walk raises money for adoption 1:28

Thanksgiving run/walk raises money for adoption

Watch Breezy Johnson complete a super-G run at Sun Valley 1:21

Watch Breezy Johnson complete a super-G run at Sun Valley

She couldn't afford a new roof. He offered to do it for free. 1:35

She couldn't afford a new roof. He offered to do it for free.

Boise State Broncos serve Thanksgiving dinner, but can they sing? 2:14

Boise State Broncos serve Thanksgiving dinner, but can they sing?