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

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

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

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