Money & Finance

Borrowing to Adopt

Money - CBN - Wed, 02/22/2017 - 03:11

Adoption offers a chance at a new beginning for many children cared for by state and private agencies. Families constitute the building blocks of society. A strong family unit provides adoptive children with the love and security that is needed to ensure that they grow into healthy adults. 

The decision to adopt
Because the adoption of children needs to be planned, within reason, a decision to adopt must not be made without prayer and the counsel of mature and trusted Christians.

Categories: Money & Finance

Dave Says: Should I Purchase Long-Term Care Insurance?

Money - CBN - Mon, 02/20/2017 - 18:14

Dear Dave,

My mom is 73 years old, and she’s dealing with depression and a few other mental issues. Is it too late for her to get long-term care insurance?

Julie

Dear Julie,

It wouldn’t be a big problem if she were healthy. But given her age, and the other struggles you mentioned, I’d check with a good insurance broker to see what’s out there for her.

Categories: Money & Finance

Be Prepared for Surprises: America's Next 100 Days

Money - CBN - Wed, 02/08/2017 - 11:02

President Trump’s pledge to “Make America Great Again” has both political implications and economic ramifications. Expect dramatic swings in investor confidence, dollar valuation, consumer prices, and institutional lending, as well as international tension.

Categories: Money & Finance

Online or Tax Pro: Which is Right for You?

Money - CBN - Mon, 02/06/2017 - 14:33

Can you believe it’s February already? Before you know it, it will be April and you’ll be scrambling to meet the income tax filing deadline.

That’s why there’s no time like right now to get ready for tax season. The IRS is already accepting individual electronic tax returns, so why not go ahead and file your return and mark that chore done for the year?

Categories: Money & Finance

Dave Says: Splitting Bills with a Friend

Money - CBN - Wed, 02/01/2017 - 09:11

Dear Dave,

My friend and I are roommates, and we’ve always had an agreement that we split each of the bills fifty-fifty. We both work and have decent jobs, but for the last couple of months she’s been really late in paying her half of the bills. She says she’s broke. I don’t want to be mean, but how can I approach her about this situation?

Alice

Dear Alice,

Categories: Money & Finance

Dave Says: Enabling Poor Money Management

Money - CBN - Mon, 01/16/2017 - 17:28

My dad has been really bad with money his entire life. Anytime he would get into trouble, my grandparents would always bail him out. This time he came to my wife and I, asking for $350 to get out of overdraft at the bank. We’re trying to live on a budget and get control of our finances, and $350 would make things kind of tight at the moment. What do you think we should do?

Categories: Money & Finance

Dave Says: Should I Use a Layaway Program?

Money - CBN - Tue, 12/20/2016 - 17:03

Dear Dave,

How do you feel about using layaway programs?

Jay

Dear Jay,

I’m not a huge fan of layaway plans, because they’re not really the solution to a problem. What’s wrong with just saving up and buying stuff when you have the cash? I mean, Christmas comes at the same time every year, you know? It’s not like it snuck up on you.

Categories: Money & Finance

Can Trump Restore Honest Money?

Money - CBN - Tue, 12/13/2016 - 16:23

Can Trump stop this downward economic spiral and restore monetary morality? Time will tell. Reestablishing an honest money system as well as surrounding himself with wise economic counselors, such as Dr. Judy Sheldon and John Paulson would be a good start.

Categories: Money & Finance

Dave Says: Is a Store Credit Card Worth the Discount?

Money - CBN - Mon, 12/12/2016 - 18:24

Dear Dave,

My wife and I are building a home, and we found a great entertainment center we both love. It costs $6,000, and the dealer said he would give us 10 percent off if we take out a store credit card. We have the cash to buy the piece, but we were wondering if it would be a good idea to get the card and use it for the entertainment center and Christmas gifts, then pay it off immediately.

Tyler

Dear Tyler,

Categories: Money & Finance

Dave Says: Investing While Paying Down Debt?

Money - CBN - Wed, 12/07/2016 - 18:04

Dear Dave,

My wife and I have been following the Baby Steps, and we’ve paid off all of our credit card debt. We still have $51,000 in student loans left, and our combined income is about $140,000. We’re thinking about funding our IRAs while we finish off the college loans. How do you feel about this?

Patrick

Dear Patrick,

Categories: Money & Finance

Dave Says: Lasting Gifts for Grandchildren

Money - CBN - Mon, 11/28/2016 - 18:10

Dear Dave,

We have three preschool grandchildren, and they get tons of stuff for Christmas every year. We’re in really good shape financially and would like to do something for their future this year instead of giving a toy that might get thrown in the corner. Do you have any suggestions?

Valerie

Dear Valerie,

Categories: Money & Finance

12/13 - Co-Signing

Money - Crown Devotion - Tue, 12/13/2011 - 01:00
Cosigning means to pledge your assets against the debts of someone else. Scripture specifically forbids this when it speaks of surety or striking of hands. Christians cosign either out of ignorance of what God's Word teaches or out of misguided conviction and guilt. "He who is surety for a stranger will surely suffer for it, but he who hates going surety is safe." (Proverbs 11:15 NASB).
Categories: Money & Finance

12/13 - Co-Signing

Money - Crown Devotion - Tue, 12/13/2011 - 01:00
Cosigning means to pledge your assets against the debts of someone else. Scripture specifically forbids this when it speaks of surety or striking of hands. Christians cosign either out of ignorance of what God's Word teaches or out of misguided conviction and guilt. "He who is surety for a stranger will surely suffer for it, but he who hates going surety is safe." (Proverbs 11:15 NASB).
Categories: Money & Finance

12/12 - Christmas Downscaling

Money - Crown Devotion - Mon, 12/12/2011 - 01:00
Christmas down scaling suggestion: Exchange gift lists to discourage duplication. "For by grace you have been saved through faith; and that not of yourselves, it is the gift of God;" (Ephesians 2:8 NASB).
Categories: Money & Finance

12/11 - Give Your Spending Habits to God

Money - Crown Devotion - Sun, 12/11/2011 - 01:00
Put all spending under God's control. With God's guidance, any bad habit can be broken. "For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith, and pierced themselves with many a pang." (1 Timothy 6:10 NASB).
Categories: Money & Finance

12/10 - Investing and Leverage

Money - Crown Devotion - Sat, 12/10/2011 - 01:00
When investing, avoid the use of leverage--the ability to control a large asset with a relatively small investment. If you buy property for $10,000 and pay $1,000 down, that's a nine-to-one lever. You invested 10 percent of your money and borrowed 90 percent. Borrowing money to invest is not a scriptural principle. "Do not be among those who give pledges, among those who become sureties for debts. If you have nothing with which to pay, Why should he take your bed from under you?."
Categories: Money & Finance

12/9 - Commercial Christmas

Money - Crown Devotion - Fri, 12/09/2011 - 01:00
Even the most dedicated Christians can be duped into commercializing the season set aside to honor the birth of Christ. "He who overcomes, I will grant to him to sit down with Me on My throne, as I also overcame and sat down with My Father on His throne." (Revelation 3:21 NASB).
Categories: Money & Finance

12/8 - Paying Back

Money - Crown Devotion - Thu, 12/08/2011 - 01:00
Do everything possible to insure that the borrower has been given every opportunity to repay what is due. It may mean devising a barter-work plan. "And just as you want men to treat you, treat them in the same way." (Luke 6:31 NASB).
Categories: Money & Finance

12/7 - Christmas Giving

Money - Crown Devotion - Wed, 12/07/2011 - 17:57
One suggestion for Christmas giving is to settle on the amount you will spend and then commit at least a tithe of that amount to greater causes. "Bring the whole tithe into the storehouse, so that there may be food in My house, and . . . I will . . . pour out for you a blessing until there is no more need." (Malachi 3:10 NASB).
Categories: Money & Finance

12/2 - Your Priorities

Money - Crown Devotion - Fri, 12/02/2011 - 01:00
Commit everything to the service of God's kingdom. "No one, after putting his hand to the plow and looking back, is fit for the kingdom of God." (Luke 9:62 NASB).
Categories: Money & Finance

Your membership & donations make this ministry possible.
If you have been helped please:

Join Us  or  Donate

Contact Us

Syndicate content