September 24, 2013 • Page 2 shop online at www.missourivalleyshopper.com Dave Says A Tricky Joint Account BY DAVE RAMSEY Dear Dave, I’m getting married soon, and we plan to open a joint checking account. Keeping a register accurately will be difficult because I travel two weeks out of every Dave month. Do you have any suggestions for keeping track of things, or should we just rely on online access to the account? — Ed Dear Ed, I would set up a second checking account, one to which you both have access, that’s only for travel. Giving you both access allows you to track what you do and her to see what’s going on and act as your backup when it comes time to balance the register. Here’s an example. A few years ago we were remodeling our home. My wife and I opened a separate checking account and put all of our remodeling money in there. It was easier to keep the money separate, but we both had access and were involved in the account. of thing is called a “contract for deed,” but the problem is you don’t have the deed. The property is not in your name. You could easily run into a situation where you’ve paid the balance down for 10 years, then the guy you’re paying gets into a car wreck or another kind of financial trouble and someone slaps a $500,000 lien against the property that’s supposed to be yours. Don’t pay for property that isn’t in your name, Keith. Land contracts, or contracts for deed, are dangerous for the buyer and just plain stupid! — Dave Understand, this wasn’t a “his” and “hers” arrangement. It was merely for the purposes of keeping our everyday activities separate from the remodeling budget. When you get married the preacher proclaims you as one. That means throughout life and everything involved, including your finances! — Dave DON’T USE A LAND CONTRACT Dear Dave, What’s your opinion on buying a house on a land contract? — Keith Dear Keith, I would never, under any circumstances, ever buy a property on a land contract. In some places this kind RAMSEY * Save Up To $4100 NOW CO-SIGNER PASSED AWAY Dear Dave, My father co-signed for my niece’s student loans, and recently he passed away. My mom didn’t sign for the loans, but would she be held responsible now? — Denise Dear Denise, I’m really sorry to hear about your dad. But no, your mom is not on the hook for the loans. Your dad’s estate could be held responsible though. When you die, what you own stands good for what you owe. So anything he owned-perhaps his and your *Hurry limited time rebates Efficientd Comfort an During The Month Of September Receive 1 of 3 Gifts Included in Your Purchase Valued up to $600! Choose 1 Healthy climate whole home filtration system from... 2 Germaicidal Lights 3 Whole Home Humidifier only from... Dave Ramsey is America’s trusted voice on money and business. He’s authored four New York Times best-selling books: Financial Peace, More Than Enough, The Total Money Makeover and EntreLeadership. The Dave Ramsey Show is heard by more than 6 million listeners each week on more than 500 radio stations. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com. When you ?nish reading, Please RECYCLE. HEATING & COOLING 920 Broadway Yankton, SD • 665-9461 2100 Broadway, Yankton • 665-3412 mother’s home-would have to stand good for it. This means that while your mom isn’t liable, the student loan would have to be cleared as if it were a normal debt in order for your mom to keep, free and clear, any of the stuff your dad owned. There’s another possibility also. Federally insured student loans do not count against your estate when you die. If you pass away or become permanently disabled, the loan is forgiven. I believe that’s true for cosigners as well, but make sure you check into the situation carefully. We’re talking about the federal government, and they don’t usually operate in the realm of common sense! — Dave 2 Day Sale! Friday & Saturday, September 27th & -28th While Supplies Last – Sorry No Rain Checks Land-O-Lakes 1 $ 28 1 $ 88 Tru Moo Chocolate Milk Roma Original Pizzas 1/2 Gal. Jug Columbine Red Seedless Grapes Assorted Varieties DiLusso 10/ 8 Pork Chops4 oz. Ea. DiLusso 12 inch Subs $ 5 $ 29 5 $ 99 2 $ 00 Ea. Hy-Vee’s Kitchen Rotisserie Chicken Ea. Gatorade Assorted Flavors 8 ct. like us on Facebook! Yankton Hy-Vee 2 $ 99 2 $ 99 2 $ 99 14 $ 98 9 Classic Chef Salad Lb. Boneless Top Loin 6/ 10 $ $ 99 The Club didn’t last long. It wasn’t the dues, which were nothing. It wasn’t being worried about being elected recording secretary or something if you missed a meeting. There were no officers, no directors and no meetings. It was born of an idea that occurred to Doc one day. He said the members of the Mule Barn truck stop’s philosophy counter and world dilemma think tank should organize. After his third cup, Doc turned to the others and said sitting there having coffee day after day without any real purpose just didn’t seem right. Doc said, “There are so many things a real organization can do.” “What would those things be, Doc?” Steve asked. “Giving shoes to orphans,” Doc said. “Or curing hunger in third world countries. Or we could watch TV and file complaints.” Then Dud piped up. “Would we have to wear funny hats and have a secret handshake and a password?” “Absolutely,” Doc said. “Otherwise, how would you know who was one of your brother club members and who wasn’t?” Mavis said, “What’s your secret password? Regular or decaf?” “I don’t think we should let women join,” said Bert. Nobody nodded until after Mavis had topped off the cups, and had gone into the bowels of the kitchen. “Okay,” Steve said. “Let’s get this straight. No meetings. No name for The Club, right? No officers. No dues to pay. All we have to do is give our shoes to some orphans, right?” “And feed kids in third world countries.” “I don’t know any kids in third world countries. Could we feed one or two around here, just to kinda e-e-e-ease into it?” “I don’t think so,” said Doc. “We gotta come up with a third world country and then find out who’s in charge of feeding kids. Then we can send them something.” “I move we adjourn this meeting,” said Steve. “There are no meetings,” said Doc. Since no one could name a third world country without a map or listening to National Public Radio, The Club died a quiet death. ------Preview the Home Country Minute television spot at http://youtu.be/yWSo9PpG3C c. Then have your local station email shaunriley1961@hotmail.com for details. Ea. 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