Money & Finance

Dave Says: Negotiating a Salary

Money - CBN - Mon, 07/03/2017 - 16:09

Dear Dave,

I’ve accepted a promotion that would take me from an hourly wage to a salaried position. Do you have any advice for negotiating a salary?

J

Dear J,

The quick and simple answer to this question is you negotiate it based on what you’re worth to the company. Now, how do you figure that out?

Categories: Money & Finance

Dave Says: Should I Sell Family Heirlooms to Pay Down Debt?

Money - CBN - Mon, 06/19/2017 - 16:42

Dear Dave,

My husband and I aren’t seeing eye-to-eye on a motorcycle. The bike was my dad’s, and I got it four years ago when he passed away. I’d like to keep it because I grew up riding it with him, and I still ride it today. My husband thinks we should sell it to pay off debt. We make about $60,000 a year, and we have about $36,000 to go before we’re debt-free except for our home. The bike is worth about $2,300. What do you think?

Amanda

Dear Amanda,

Categories: 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

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

12/1 - Down Scaling at Christmas

Money - Crown Devotion - Thu, 12/01/2011 - 01:00
Christmas down scaling suggestion: Agree with your spouse to purchase a combined gift instead of buying separate gifts for each other. "And whatever we ask we receive from Him, because we keep His commandments and do the things that are pleasing in His sight." (1 John 3:22 NASB).
Categories: Money & Finance

11/30 - Saving Money at Christmas

Money - Crown Devotion - Wed, 11/30/2011 - 01:00
One of the best ways to save money at Christmas is buying right after the Christmas season and all throughout the year. "She girds herself with strength, and makes her arms strong. She senses that her gain is good; her lamp does not go out at night." (Proverbs 31:17-18 NASB).
Categories: Money & Finance

11/29 - Goals for Children

Money - Crown Devotion - Tue, 11/29/2011 - 01:00
It is necessary for parents to establish some short-term goals for their children to help them see the purpose and logic of saving money. "Train up a child in the way he should go, even when he is old he will not depart from it." (Proverbs 22:6 NASB).
Categories: Money & Finance

11/12/2011 - Too Much Spending

Money - Crown Devotion - Sat, 11/12/2011 - 01:00
Too much spending can rob surplus funds, but too little is self-punishment. "These are matters which have, to be sure, the appearance of wisdom in self-made religion and self-abasement and severe treatment of the body, but are of no value against fleshly indulgence." (Colossians 2:23 NASB).
Categories: Money & Finance

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