Dear Chuck, I thought car prices were going to drop when chips reentered the market. I’m not seeing a drop where I live, and I really need to replace a vehicle. What should I do? Waiting for a Deal on a Car Dear Waiting for a Deal on a Car, Most of us have […]
Dear Chuck, One step forward and two steps back seems to be the story that describes all my efforts to achieve any financial goals. No matter how hard I try, discouragement overtakes me, and I am back to square one with too much debt, too little savings, and not enough motivation to keep trying! […]
Dear Chuck, The Federal Reserve raised interest rates—again. I’m hearing murmurs of a recession, and though most think it will be mild, it creates fear and trembling. How can I prepare myself? Recession Fears Dear Recession Fears, Raising interest rates is a means to try to tap the breaks on inflation. It does not […]
Dear Chuck, I know I’m supposed to save, but I really don’t know how I can or even why I can’t seem to make progress! No Savings Dear No Savings, Well, you are not alone. Saving money is becoming a bigger and bigger challenge for many. According to MarketWatch, nearly one-in-five Americans saved […]
Dear Chuck, I have lost $300,000 in my 401k in the past 12 months, and things appear to be getting worse. I plan to retire in 5 years. Should I get my money out of the market or try to ride out the economic storms? Worried Dear Worried, This question came just last week […]
Dear Chuck, We’re considering hiring a financial advisor to help us develop an estate plan. We want to protect and pass down our assets and possibly set up a giving fund that the children will jointly manage. Any suggestions on how to do this right? Stewarding Our Estate Dear Stewarding Our Estate, It is […]
Dear Chuck, We usually pay down Christmas debt with our tax refund, but I am worried we will not get as much back this year. What can we expect? Waiting for Our Tax Refund Dear Waiting for Our Tax Refund, You are correct; changes to the tax laws are underway, so resetting expectations […]
Dear Chuck My husband and I have generous hearts, but in reality, our actual giving is not so great. Do you have a plan to help people be more generous? Generous But Average Giving Dear Generous But Average Giving, Your honesty is very refreshing! I think most believers would likely say the same. They […]
Dear Chuck, Since the FTX debacle, do you think the crypto market has been ruined? Cautious Investor Dear Cautious Investor, I don’t think cryptocurrencies are ruined, but the idea that they are a trustworthy asset is severely damaged. Let’s look at a few details of FTX’s collapse and then some biblical principles for investors. […]
Dear Chuck, When it comes to our finances, we live with good intentions but put off budgeting and planning until we face another crisis. My husband and I want to break our cycle of procrastination, crisis, firefighting, and then back to procrastination. We need help to stay focused. Painful Procrastination Dear Painful Procrastination, You […]