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VideoFound: Male Lab mix, light brown, neon orange collar (Reminton), St. Hedwig near Lubianski's Feed store. 210-859-1546.
Lost: Border Collie, black and white male, one eye, microchipped, C.R. 319/F.M. 775 area. 210-382-2167.
Terrier mix, female, "Marma," missing near F.M. 427/C.R. 537, 30 lbs., orange/red medium length fur, can be extremely shy. Call or text if seen, 210-440-3889.
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*Fair Housing notice. All help wanted advertising in this newspaper is subject to the Fair Housing Act which makes it illegal to advertise "any preference limitation or discrimination based on race, color, religion, sex, handicap, familial status, or national origin, or an intention, to make any such preference limitation or discrimination." This newspaper will not knowingly accept any advertising for help wanted ads, which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this newspaper are available on an equal opportunity basis.
Little Brahman's Learning Center in Stockdale is looking for full time and part-time teachers/caregivers. Call 830-966-0024 ask for Kaylynn Janysek, Director.
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Section A: General News


Sallie Mae vs. selling car




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Dave Ramsey
Financial Straight-Talk
December 19, 2012 | 782 views | Post a comment

Dear Dave,

I make about $70,000 a year, and I have $9,000 in student loan debt. I also have a car that would bring enough to allow me to pay off the student loans. Do you think I should sell?

Dave

Dear Dave,

Nice name! Seriously, there are two questions I ask when it comes to selling a car to pay off debt. One, is the value of your car and other vehicles -- including motorcycles, boats, and such --more than half of your yearly income? If so, then you have way too much money wrapped up in things that are going down in value. So, unless you’re talking about a super-expensive car, I’d say the answer on this one is no.

The second question is this: Can you become debt-free, except for your home, in 18--24 months without selling the car? If the answer is yes, then I wouldn’t sell the car. There’s no reason to sell your car in this scenario, unless you just really hate the thing or need different transportation.

In this case, it sounds like your car is a reasonable percentage of your income. I’d hold on to it and just save like crazy to kill off this student loan debt. With your income, it shouldn’t take more than a year. Good luck, Dave!

Dear Dave,

I have $1,000 in credit card debt, a $12,000 car loan and I owe my parents $20,000. The loan from my parents is causing stress because all I can afford to give them is $200 a month. They don’t need the money, but they’d like to see it paid off soon. What can I do?

Jacob

Dear Jacob,

If you’re not already living on a written, monthly budget, that should be the first step. You say your parents don’t need the money, right? So, they’re not living on bread and water without your payments. I think the biggest thing causing them stress is the fear that you’re being irresponsible and living without a plan.

Make out a simple, realistic budget, and sit down with them to explain what you’re doing and how you plan to address things. Start a debt snowball, and begin knocking out your debts smallest to largest. By the time you pay off the credit cards and the car, you’ll be able to give them lots more than $200 a month.

Just ask mom and dad to stick with you a while longer. I think it will make them feel better to see that you’re serious about getting your finances in order!
 

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