Dave Says Make Financial Decisions ‘Together’

Dear Dave,

My wife and I just started your class, and we’re determined to get out of debt. At the same time, I’d like to do something to reduce the stress in her life. She’s a nurse, and she works three 12-hour night shifts a week. I’m a teacher, and I think we possibly could get by if she cut down to just two nights a week and worked part time. Would this be a good idea?

Randy

Dear Randy,

The truth is there’s no “possibly” involved. Even without knowing your income and other numbers, it all boils down to one simple question — can you live on that?

It’s a simple math thing. You need to look at your income and her income at 24 hours. Then, go over all of your bills and make a budget. If you can live on that, and it’s what she wants to do, you have the answer.

There’s no reason to do this immediately, either. I mean, we’re only talking about one day a week. Chances are it won’t change your lives that much. It probably won’t hurt anything if she works her regular hours through the end of the year. That way, you guys can keep looking at the numbers and decide on what’s best.

You obviously love your wife, Randy. But remember, this is up to her, too. Continue, with her, walking through the idea and the numbers. Make this decision together, so that you’ll both be happy and it will be a blessing in your lives!

—Dave

Dear Dave,

I’ll be moving out to finish college next year, and I’m not sure how to find a good roommate. I know this isn’t a money question exactly, but I listen to your show and value your opinion. Do you have any suggestions?

Carson

Dear Carson,

I’m always happy to try to help someone who wants to make good decisions in life. I say that what I do is about life and money, so this question definitely qualifies.

Finding a good roommate can be tough. You need to choose someone you like and get along with, but someone who is responsible and has a little maturity, too. Sometimes you’ll have different schedules, and this may lead to people working, studying or playing at all different times. You also have to be respectful of each other’s needs and values, and remember, too, that certain things about another person will eventually get on your nerves a little.

Spend a lot of time talking to people and try to find someone with whom you have a lot in common. You won’t always be on the same page with another person, but, if you take some time and try to choose wisely, it can be a fun and rewarding experience!

—Dave