A reader recently requested that we provide an article that addresses the following question: “I have volunteered to do the financial books for my church. Could you maybe address some tips or suggestions on the best way to do this?”
Retirement planning for a 14 year old? Sounds like a crazy idea. But look closely at the math and you’ll realize those small contributions grow the most.
There is a common misconception that in order to get a rental car you must pay with a credit card. In reality, there are at least two ways to rent a car without a credit card. One is by using a debit card – and you probably already knew this – but the other may surprise you.
Earlier this year I listened to Andy Stanley’s ‘Balanced’ 6-part financial series for the second time. And I thought to myself, “I have got to find a way to share this with the readers.”
There’s nothing quite like the sinking feeling you get when you overdraft your checking account. You thought you had the money, but nope, you didn’t. And then, the threat of a ridiculously high overdraft fee looms overhead. What are you to do? Let’s explore some ways you can avoid an overdraft altogether (including the fees that accompany them).
Personal Capital is an online personal finance tool that allows you to track all of your finances (budget, bank accounts, credit cards, and investments) all in one place. Best of all, it’s free! Here are some benefits as well as what you should know before you sign up.
An annual budget deficit of over $1 trillion, annual trade deficit in the neighborhood of $728 billion, an official national debt of $16.7 trillion, and unfunded liabilities of $123 trillion. How much longer can we continue to carry such enormous liabilities with such low income? Will the dollar collapse under the weight of so much debt?
If your household has always survived on at least two paychecks, the thought of living on a single income can be intimidating. It’s tough enough to live on two incomes – but one? It’s actually doable, but it can require a radical plan of action.
Have you ever wondered why you don’t save more for retirement? Or why others who you know don’t? If saving for retirement is so important, why don’t we do more of it, or even do it at all? I’ve come up with a handful of reasons, and all have to do with either personal attitude and preferences, or with life circumstances. Sometimes we just have to overcome ourselves, and other times we face circumstances that limit our efforts.
Our groceries budget has fluctuated over the past couple of years. It started high, then went down pretty low, and now it is up again. I want to ask you, the readers, how much you spend on groceries so that we can all learn some valuable tips!
John and Jane, a married couple, keep separate bank accounts . . . John has his money and Jane has hers, but they do not have a joint account. Running the household finances is a bit of a challenge, but they stay current on their bills by each taking responsibility for certain payments . . . .
This past year our family experienced more medical expenses than planned. Nevertheless, we made it through the year just fine. I was thankful we didn’t end up accumulating any credit card debt. I know that can’t be the case for everyone . . . so should you use your emergency fund to pay off debt?
Your emergency savings is set aside to be used for nothing but emergencies. Right? Right! But that very fund can also be used to help you save on insurance premiums . . . .
You have seen those percentage budget plans which deftly tell you what percentage of your budget you should spend on which categories. Yes, they are a good guide, but you need to beware that giving too much credence to those percentages could get you in trouble. For example . . . .
Quickly, how would you would answer this question: “What’s your income?” Everyone should understand the difference between gross and net income and why both numbers are important in your financial life.
Admittedly, getting health insurance with no job is a stretch. Why? Because no job implies no income, and health insurance companies aren’t in the business of giving away free coverage. However, there are instances when jobless people can get free or very inexpensive coverage. Also, alternatives to “normal” health insurance can sometimes save big time on “normal” premiums. Let’s explore some of these options.
Since it involves the distributions and use of money — called “minas” — the Parable of the Ten Minas (or Ten Talents) is often interpreted from a financial angle. I actually don’t think it’s truly about money, though it does contain some obvious lessons about the resources we are given.
We usually think of financial independence as being a desirable state of financial affairs, but for a Christian it may be even more important than that. The Christian walk is often a tug-of-war with the world, but few areas of life have the potential to steal away our time, efforts, attention and resources the way financial struggle can . . . .
Campuses are gearing up for fresh-faced freshmen and returning students this fall. Many college students have a limited amount of money – along with limited experience in managing money. But the opportunities to spend are unlimited! Here are some tips for managing your money as a college student . . . .
“Why do pastors always talk about money at church?” It’s a question I’m asked every now and then when someone finds out I’m a pastor.