In response to:

Dave Says Hold that Cash

MrTufts Wrote: Feb 15, 2013 11:48 AM
Sure is...and right on the mark, considering that the vast majority of people in this country are very, very dumb when it comes to managing their money.

Dear Dave,

Recently, my husband had to quit his job due to an old back injury. We have $25,000 in debt, but I’ll be receiving a $38,000 inheritance in a couple of weeks. Should we use the money to pay off our debt, or hold on to it in case he needs surgery?

Kristen

Dear Kristen,

Now is the time to keep the cash piled high. You’re in the middle of an emergency, and that means you push the pause button on your Total Money Makeover and stop paying extra on debt. Surgery is a possibility at this point, plus...