Thursday, May 5, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found


VideoReward! Trooper, gray and white male cat is missing from C.R. 429, Stockdale, he might have been accidentally transported off, missing since 11/13/2015. Call 512-629-2005.

VideoLost: Pitbull mix, brindle male, answers to Jake, since April 7 on I-37 between 536 and Hardy Rd. No questions, help Jake come home to his family, 361-765-7373.

VideoFound: Australian shepherd heeler mix, approx 3 years old, near Lake Calaveras, call 210-878-5075
More Lost & Found ads ›

Help Wanted

Bill Miller Bar-B-Q, Hiring at $9.50/hour. Flexible schedule, Tuition reimbursement, Health insurance - 401 (k) , Paid vacation. Apply at 1615 Standish, Floresville. EOE.
Convenience store in Sutherland Springs is now accepting applications for weekend shifts, some experience needed but not necessary, will train the right person. Applicant must be punctual and ready to work. Apply at 6517 U.S. Hwy. 87 W, Sutherland Springs.
More Help Wanted ads ›

Featured Videos





Video Vault ›
Richardson Chevrolet homeRE/MAX homeTNMC
You’ve been granted free access to this subscribers only article.

Section A: General News


Giving their son some problems




E-Mail this Story to a Friend
Print this Story
Dave Ramsey
November 27, 2013 | 1,290 views | Post a comment

Dear Dave,

We’ve been supporting our son while he’s in college. He just finished his sophomore year, but he told us the other day he has dropped out of school and isn’t going back. He’s been playing in a band on weekends, and he has this vague idea of becoming a musician. We don’t think this is a good idea, but we still want to be supportive ... just not too supportive. We want him to be financially independent, as well. How should we handle this?

Karen

Dear Karen,

This kid is about to have some problems. Not only has he made a bad decision, but he should have consulted with you guys before he quit school. He owed you that much if you were supporting him this whole time.

In my opinion, you and your husband have one job right now. That job is to stand back and let life happen to this kid. If he thinks he’s a man, let him go out and prove it. Wish him the best and tell him you hope he becomes the rich and famous rock star he wants to be. But make sure he understands you’re not going to support him financially when he’s doing something you both feel is a bad idea. The First National Bank of Mom and Dad is officially closed!

Understand that I’m not suggesting you turn your backs on this guy. Let him know how much you both love him and that you’ll be praying for him. Invite him over for dinner once in a while, stay in touch, and make sure he knows that family deals like Thanksgiving and Christmas are still business as usual. However, as far as paying for his rent, utilities, gas, food, and cell phone bill? That stuff’s not happening. This may sound tough, but it was his decision.

In the end, let him know you’ll be there to help just like before if he wises up and decides to finish school. But until then? Little boy, you signed up for this trip!

Dear Dave,

Should I lower my 401(k) contributions in order to pay off my car and home?

Jack

Dear Jack,

If you’re following my plan, the first thing you should do is set aside an emergency fund of $1,000. That’s Baby Step 1. Next comes Baby Step 2, which means paying off all of your debt except for your house. This would include your car. During this time you should temporarily stop any kind of investing and retirement contributions.

Once the only debt left is your mortgage, it’s time to move on to Baby Step 3. Now you concentrate on growing your emergency fund to the point where you have three to six months of expenses set aside. Once this is done, you can attack Baby Step 4, which is investing 15 percent of your pre-tax income for retirement. For you, it would mean re-starting the contributions to your 401(k).

The rest of the plan goes like this. Baby Step 5 is putting money into your kids’ college funds, while Baby Step 6 is putting everything you can scrape together towards paying off the house early. After that comes the real fun. Baby Step 7 is the point where you simply build wealth and give.

Follow these steps, Jack, and I promise you’ll have lots of fun and lots of cash. You’ll have financial peace!

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.
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Section A: General News Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. AACOG plans public meeting (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Accident injures two drivers (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. AgriLife offers tips to protect from Zika, other mosquito-borne diseases (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Behind the lens: Solitary stillness (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Celebration Mass June 12 (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Cemetery association meeting (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Condos are fine, but do your research (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Crime Stoppers aids police anonymously (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. DA, DPS bust nets 86 charges (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Debate over citizens comments dominates Floresville council (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Dwellings At Home offers lodge, ranch furnishings, more (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Overbearing city council threatens boards’ independence (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Taking personal responsibility will bring possibilities (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Trump is the same old song with one more verse (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FEDC tables recommendation of master parks plan (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FELPS tornado repair continues as FEMA help stalls (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville Chamber Luncheon May 18 (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Hall of Fame inductees: Joe Kotwig, Malcolm and Beverly Talley (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Alamo Colleges: A bust for Floresville (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Local nursing homes plan Senior Olympics May 9-13 (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Look twice for motorcycle riders (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Lyssy’s vault earns gold, sets records! (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Medicaid, CHIP application assistance (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Wilson County Commissioners Court (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. National Day of Prayer May 5 (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Ramirez promoted to colonel (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Reserve a seat for SA Tea Party (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tanneberger tops in sales (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Treviño prepares to take reins of East Central athletics (May 4, 2016)