You probably have figured out by now that I’m not a big fan of debt. That’s partly because in my experience debt has brought me far more misery than blessings. But more importantly as I started to look at what the Bible says about debt, I don’t find much positive. Here are a few of […]
Have you ever stopped to consider how many days you have to work each month just to pay your creditors? The Tax Foundation each year calculates Tax Freedom Day. Tax Freedom Day is the day during the year when theoretically the average American has earned enough money to cover all of their federal, state, and […]
Many of us have been in this place at one time or other in our lives. We are in a difficult spot financially. A parent or other family member offers to help us out. “Just pay me back whenever you are able.” is often as defined as the agreement may be. Or perhaps you have […]
Most companies have some kind of annual merit raise process or a contractual environment where every so often you get a bump in your pay. The question is, what do you do with this new-found money? The company that I work for has an annual merit raise process and I was fortunate to receive a […]
For those of us in America, today we celebrate our Independence Day and the freedom that we are blessed with in this country. 237 years ago our founding fathers met in Philadelphia and declared our intentions to break away from the British king. While we celebrate our freedom on this day, in reality that freedom […]
The telephone rings. You start to get a knot in your stomach. Is it another debt collector? What will you say this time? You aren’t sure you have the emotional energy to face another day of calls. Have you ever found yourself in this place? No one wants to be in a position where they […]
If you work in a corporate environment one of the great benefits you likely have available to you is a 401(k) investment program. These provide a great way to save for your retirement years, especially when your company provides a match for some of your contributions. One of the features of many of these programs […]
The past month has seen the news dominated by weather disasters. The stories coming out of Oklahoma of the tornadoes and their terrible aftermath are heartbreaking and our thoughts and prayers go out to all those affected. That said disasters rarely come with no warning. Sometimes there may not be a lot of time to […]
It is no secret that as our society has developed, the need for a college degree has become more and more important. At the same time the cost of a college education has gone up substantially. In general, tuition costs average about an 8% increase per year. This is compounded by the fact that as […]
I recently read a blog post from another financial blogger who suggested that a wise financial move would be pursue credit counseling or debt settlement or to simply declare bankruptcy in order to better prepare for retirement. His point being that if you were to take all that money you are using to dig your […]