Dear Dr. Per Cap Is it true the government is going to do away with small coins? Signed, Thrifty Nickel Dear Thrifty Nickel While it might appear that pennies and nickels are more out of date than a Ronald McDonald vs Hamburglar commercial – don’t expect them to disappear any time soon. In fact one […]
Dear Dr. Per Cap I got a bunch of gift cards for Christmas. Some are for stores I don’t shop. What’s the best way to exchange them? Signed, Too Many Cards Dear Too Many Cards With so many people social distancing and staying away from stores, purchases of gift cards were way up this past […]
Dear Dr. Per Cap Someone approached me online with an offer to buy my Amazon account. It seemed kind of sketchy so I didn’t reply. Why would someone want to buy an account when they can just open their own? Signed, Pueblo Shopkin Dear Pueblo Shopkin People buying Amazon accounts is a shady practice linked […]
Dear Dr. Per Cap After the GameStop fiasco I keep hearing the stock market is rigged against us little guys. Is that true? – Scared Money Dear Scared Money Rigged is a really strong word. I won’t shy away from a tough question though, but first let me clarify two things. Stocks and other capital […]
Dear Dr. Per Cap What’s the best way to teach a young child how to manage money? – Money Minded Mom Dear Money Minded Mom Earning an allowance, counting coins, and safeguarding a piggy bank are all great teachable financial moments. But I think opening a children savings account at a local bank offers the […]
Dear Dr. Per Cap: I have student loans and a car loan. Why did I have to provide so much more personal information when applying for the car loan as opposed to the student loans, especially when the student loans amount to a lot more borrowed money? Signed, Studying Hard Dear Studying Hard I’m glad […]
Dear Dr. Per Cap: What exactly is a hedge fund? I’m new to investing and keep hearing that’s where the big returns are. Signed, Young Investor Dear Young Investor The best way I can describe a hedge fund is to think of a mutual fund on steroids. Like a mutual fund, a hedge fund is […]
Dear Dr. Per Cap: When do I need life insurance? Most people I know think it is bad luck to talk about. Signed, Just Being Practical Dear Practical A person needs life insurance if they have dependents or other financial commitments that could create challenges for heirs should they pass away. Life insurance is a […]
Dear Dr. Per Cap: I know they’re not the healthiest option but for a single parent on the go, I buy a lot of Happy Meals. I heard McDonald’s is raising the price. What’s up? Signed, Happy Dad Dear Happy Dad I think Happy Meals are the go to treat for a lot of Native […]
Dear Dr. Per Cap I got my per cap the other day and need to plan for the holidays. What’s the best way to make a budget – handwritten, mobile app, or an envelope system like my sister swears by? – Holiday Shopper Dear Holiday Shopper I once asked my favorite uncle “What’s the best […]
