Money & Finance

5 Steps to Get Out of Debt

Money - CBN - Mon, 05/22/2017 - 18:04

According to a survey conducted by CreditCard.Com more than a third of Americans incurred debt over the holiday season. I have always said that you will have more money if you are earning interest on it instead of paying interest to someone else, but I had to learn that lesson the hard way because I left the military after 12 years of service with over $32,000 in credit card debt.

Categories: Money & Finance

Giving, God doesn’t need your money, but…

Money - CBN - Mon, 05/22/2017 - 17:55

2 Corinthians 9:7 Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.

Categories: Money & Finance

4 Simple Ways to Jumpstart Your Finances

Money - CBN - Mon, 05/22/2017 - 17:31

If you feel that your finances are on life support and you have little hope of the situation improving, I want to you to provide you with a little ray of sunshine by showing you 4 easy ways to jumpstart your finances.

Categories: Money & Finance

Dave Says: How Late is Too Late to Get Life Insurance?

Money - CBN - Tue, 05/02/2017 - 17:00

Dear Dave,

How late is too late to get life insurance?

Anonymous

Dear Anonymous,

It’s pretty easy to get term life insurance – the only kind of life insurance I recommend – up until around age 70. Depending on your overall health situation, there are a few affordable policies available past that point. But once you get into your seventies and beyond it can be difficult to find reasonably priced coverage.

Categories: Money & Finance

Dave Says: Writing Your Own Will

Money - CBN - Mon, 04/17/2017 - 16:55

Dear Dave,

When it comes to making a will, would it suffice to sit down and write it all out on a piece of paper, then have it notarized?

Joyce

Dear Joyce,

I would never advise someone to write their own will, unless, of course, they’re an attorney in that state. Laws can vary from state to state, and some states may not look upon a document like that as being official under law. Some even require witnesses, and a notary might not be good enough.

Categories: Money & Finance

Dave Says: Roth or Pension

Money - CBN - Mon, 04/03/2017 - 16:37

Dear Dave,

My wife and I are both 25 years old, and we’re working on Baby Steps 4, 5 and 6. I have a 401(k) through my employer, and she has a pension. Currently, we’re falling short of the 15 percent of income you advise putting toward retirement. Should we get IRAs, or start stocking money away in her pension?

John

Dear John,

Categories: Money & Finance

Cyber-Attack Intensifies “The Secret War” on Cash

Money - CBN - Mon, 04/03/2017 - 16:03

A world war is now underway on many battlefields. This ‘war on cash’ is an invasion by government money-snatchers and cyber-hackers that now threatens to confiscate your savings, end your financial privacy and eliminate free market capitalism forever.

Categories: Money & Finance

Money Can’t Buy Happiness but a Vacation Might

Money - CBN - Mon, 03/27/2017 - 18:00

Ecclesiastes 8:15 (NIV) “So I commend the enjoyment of life, because there is nothing better for a person under the sun than to eat and drink and be glad.  Then joy will accompany them in their told all of the day of the life God has given them under the sun”.

If you didn’t know…. Money can’t buy happiness… well maybe not long term happiness anyways. From Spring Break to Summer Vacation, I am often asked if you are working hard, isn’t it ok to also have some fun every now and then.

Categories: Money & Finance

Dave Says: Paying Girlfriend's Debts

Money - CBN - Mon, 03/27/2017 - 17:37

Dear Dave,

I’m 29, and I have no debt. I’ve gotten a good start on my savings and retirement, too. My girlfriend and I plan to get married in the next couple of years, and she has about $90,000 in debt. I’m not paying on her debt yet, but I think together we can save up enough to pay it off by the time we’re married. Should I temporarily slow down saving for a house and start saving toward paying off her debt?

James

Dear James,

Categories: Money & Finance

Dave Ramsey: Best Accounting Program for a Small Business

Money - CBN - Tue, 03/07/2017 - 18:08

Dear Dave,

I’m looking for a good accounting program for small business. Do you have any suggestions?

Julie

Dear Julie,

The best one I’ve seen is called FreshBooks. I like it so much that we’re actually endorsing it on some of our podcasts and a few other places. It’s a cloud-based program for small business, and it’s a pretty simple accounting system.

Categories: Money & Finance

Dave Says: Husband's Business is Dying

Money - CBN - Wed, 03/01/2017 - 23:50

Dear Dave,

My husband and I have four kids, and I make $50,000 a year. He runs a small business that has been floundering for a while now, so we’re basically living off my income. Part of that income is going into the business. Plus, we don’t have much in savings, and we’re behind on our house payments. Do you have any advice?

Paige

Dear Paige,

Categories: 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

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

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