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Ask Me Anything: Cosigning Parents, Silent Stylist, Rum Cake Recipe, and More

Once again, it’s mailbag day, when I reach in and pull out your questions. While there are always more than I could possibly answer in one sitting, I try to select the ones that will have the greatest interest to most of you, my Dear Readers.

Ask me anything

What’s inside? Here are the questions I’m answering from my bulging reader mailbag. Click on the number to jump straight down to the question. Or just scroll through to read all. Enjoy!

Contents

1. Gray “scratches” on fine dinnerware

2. Help, we co-signed student loans!

3. Spreadable butter disaster?

4. Spouse demands the purse strings

5. IP Vanilla Extract 

6. The unscrupulous stylist

7. Rum Cake Recipe, Pleeeese!

 

Q1: Do you have a tip on how to clean gray lines and scratches from my white Pfaltzgraff dishes? Barb

Pfaltzgraff has been making dinnerware for many years and has used earthenware, stoneware, porcelain,  and bone china at some point in its history. Most Pfaltzgraff patterns currently in production are made primarily of stoneware and earthenware, with only a few patterns being offered in ironstone and porcelain. The good news is that all Pfaltzgraff dinnerware is microwave and dishwasher safe.

The appearance of gray lines or “scratches” on Pfaltzgraff dinnerware is not a defect—in fact, it is quite common. These marks appear when metal utensils come in contact with the hard glazes used by the manufacturer. You can remove these marks easily using a variety of cleansers. Pfaltzgraff makes its own Pfaltzgraff Stoneware & Porcelain Cleaner, but it is a little pricey. Read more

Common Money Myths and How to Stop Believing Them

The wedding was complicated and expensive. But it’s over and you are ready to settle back and enjoy your new life together. I’m here to warn you about some common money myths that newlyweds have been known to bring with them into their marriages.

But wait. You’re not a newlywed? No one is immune to believing these myths. No matter your marital status—learn these lies about money so you can stop believing them. It will improve your life.

 

 

Myth: Double the income, half the expenses

This is what I call newlywed fuzzy math: Merging your lives and incomes into one household is the equivalent of getting a raise. It goes like this:

When we live together, we split the rent or mortgage payment; we share the utilities and household expenses. We’ll have twice as much money.

Don’t believe that, not for a second. While there may be some truth in sharing expenses, the outcome is not what you think. Been there, done that, trust me on that. More likely, more money will immediately lead to more spending. Without a solid plan, that will quickly lead to more debt because you’ll use that money for a down payment on stuff you really want.

Read more

Divorce Decrees Mean Nothing to the IRS

Dear Mary: I am recently married and my husband owes the IRS $23,000 in back taxes. He agreed to an installment plan of $320 per month with the IRS.

His divorce decree states that he and his ex-wife are each responsible for paying half of any taxes owed, but she says she cannot pay anything. He has been paying $400 per month, trying to pay his half off faster, but it’s hard on our finances and the interest continues to accrue each month. 

Is it possible for an accountant or tax attorney to deal with the IRS to get the total amount owed reduced? Rhonda

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Dear Rhonda: Here’s what you need to know about divorce decrees: Creditors and the IRS are not bound by them. In fact, they could not care less about what the divorce judge decreed. 

The IRS is going to hold your husband responsible for 100 percent of the taxes owed. And the IRS will hold the ex-wife 100 percent responsible as well. They don’t care which of them actually pays as long as the taxes get paid. And if it goes to collection and they start filing liens, the last thing the IRS will be concerned about is a divorce decree.  Read more