Tuesday, May 24, 2016
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Lost & Found


VideoFound: Australian Shepherd/Heeler mix, approx. 3 years old, near Lake Calaveras. Call 210-878-5075.

VideoFound: Shepherd mix, showed up near C.R. 307 and C.R. 317, La Vernia, about one week ago, has orange collar with no tags. 210-385-2892.
Found: Sheltie/Terrier mix (maybe?), downtown Floresville, small, friendly, young dog. 830-393-8303 or 210-274-6884.
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Shuttle Bus drivers needed, full-time and part-time, no experience needed. Good job tenure, clear criminal background/driving record required, $11.50-$12 DOE. Email sunny.myers@lkjordan.com. L.K. Jordan & Associates.
Need someone to hand spray small field bushes, approximately 75 acres, chemicals/sprayer will be provided. Call 830-393-6816 and leave your name and contact information.
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Section A: General News


Handling the severance




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Dave Ramsey
Financial Straight-Talk
October 3, 2012 | 1,085 views | Post a comment

Dear Dave,

I’m an accountant, and my company is experiencing layoffs. I just learned that I’ll be losing my job in four weeks. I’ll receive a severance check, but I have no other savings set aside. Should I use some of the severance to pay off debt, or hold on to that money as long as I can?

Frank

Dear Frank,

I’d hang on to that money and pile up as much other cash as I possibly could. Right now, the most important worries are food, lights, water, and shelter. Debt is not on the list. We need to take care of your basic survival needs first and make that money stretch as far as it will go.

There are two bright spots in this scenario. One, you know the wolf is going to be sniffing around the door, and that gives you time to prepare. The second thing is you’re an accountant, and that’s a very marketable skill. Lots of companies are going to be looking for your kind of expertise as we slowly turn the corner and come out of this recession.

Here’s another thing. The better financial cushion you have during this time, the better you’ll do when interviewing for other jobs. Things will be tight, but if you’ve saved and budgeted your money well, you won’t come off as needy or desperate. You can be confident in your abilities to add value to a different company, instead of being all freaked out and begging for a job.

Then, once you’re settled into someplace new, you can start writing checks out of the remainder of the severance money and your first couple of paychecks to catch up on things.

Dear Dave,

Several months ago, I was diagnosed with stage 4 cancer. I have about $30,000 in credit card debt and would like to continue getting my finances in order. My husband has been unemployed for six years due to his own health issues, but I do have life insurance, a 401(k), and receive Social Security. How should we handle this?

Vivian

Dear Vivian,

God bless you and your husband. I know this is a really rough time for you both. I hope you guys are sticking by each other and loving on each other a lot. That may not make these problems go away, but it will make you each stronger and bond you together in incredible ways.

If I’m in your shoes, the last thing I’m going to worry about is credit card debt. Your concern right now should be your quality of life and taking advantage of all the medical options that are available to you. That’s the primary goal. You and your husband need to use your financial resources to prioritize, but at the moment you come first. For someone in your situation, that’s not being selfish.

The hard truth is this. We’re all going to die someday. Anything you own, like the 401(k), has to stand good for what you owe when you pass away. In other words, the credit card debt would have to be paid before your husband or others received anything from your estate.

I appreciate your diligence and honor in wanting to make sure your debts are handled. But in this situation, so what if a credit card company has to wait a while to get paid? It will happen when it happens. Right now, you are the No. 1 priority.

Dave Ramsey is a best-selling author of The Total Money Makeover and the nationally syndicated host of “The Dave Ramsey Show,” which airs locally on radio station 550 KTSA. View column archives at www.daveramsey.org. Questioners’ identities have not been verified by the Dave $ays column or this newspaper.
 

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