Today on MoneyWise, Howard Dayton and Steve Moore celebrate Christmas Eve by offereing suggestions for last minute shopping and preperations for Christmas. Then they take questions from listeners at 800-525-7000 and MoneyWise@Compass1.org:
- "My wife went to school with government loans. Each loan was about 6K or more and each have their own interest rates. I am paying about 180/mo in interest. Is there a way to bundle these and get one single interest rate?"
- "My husband and I work full time. We have 4 small children. I am the bread winner but I would like to stay home with our children. This will be about a 70% reduction on our budget. We have money in savings. Should we apply this towards our home loan?"
- "My husband is taking a buyout and we will be receiving about 65K. We have about 10K on an IRS debt and 16K in other debt. I have a student loan of 320K. How should we best use this money?"
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