Yahoo Finance recently reported that paying with cash helps you save and gives you more joy. Avni Sha, a professor at the University of Toronto Scarborough, studied the effect of paying with cash and says it does indeed make us more frugal and adds positive emotion to transactions. Further, it potentially promotes repeat business. Cash […]
Dear Chuck, I’ve seen that you really encourage people to save $1,000 that they don’t touch at all except for extreme emergencies, but seriously, I CAN’T DO IT! I need some advice on where to cut because I’m so close to the edge. Got any ideas? Open to Suggestion Dear Open, Trust me, you are […]
Originally posted on the Christian Post on October 21. Dear Chuck, Recently several close friends to me have divorced, causing so much chaos and pain and financial difficulty, but then you see celebrity divorces like Angelina Jolie and Brad Pitt after 12 years and six kids, or the break up of Naomi Watts and Liev Schreiber […]
Are you thinking about and planning your retirement? Here is some helpful advice from David McAlvany, President of McAlvany Wealth Advisors and author of The Intentional Legacy. “Through no fault of their own, the rules have changed. You used to be able to count on 4% of your savings to supplement your retirement income. Today, it’s […]
Originally posted on the Christian Post on October 14. Dear Chuck, I read a story recently in the Washington Post about a frugal librarian who drove an old car, carried his lunch, and spent next to nothing on himself, making it possible for him to save $4 million that he donated to the school he loved, […]
Borrowing is not prohibited scripturally, but neither is it encouraged. It is always presented as a negative with many warnings about its danger and misuse. Here are fundamental Biblical principles related to borrowing. Avoid borrowing unless absolutely necessary: Borrowing should not be a way of life but the exception. Only if there is no other […]
Dear Chuck, Should I buy a car from Craigslist? There seems to be a lot of great deals from private sellers. And I would love to pay cash rather than have a car payment. But the process seems so daunting. Many of the posts look like scams, and most sellers say “cash only” but I […]
Originally posted on the Christian Post on September 30. Dear Chuck, My elderly parents are considering a reverse mortgage because they are struggling on a fixed income. Is that a good idea? Could it do more harm than good? Worried for Mom and Dad Dear Worried, I share your concerns about reverse mortgages, called “the ugly […]
Originally posted on the Christian Post on September 23. To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or clarity. Dear Chuck, I’m trying to fit in to a new workplace, and I’m on the outside of a lot of the conversations […]
Originally posted on the Christian Post on September 16. Dear Chuck, With great jobs so scarce, I get nervous going into an interview. I’m not sure how to prepare or what to say to stand out from the crowd. What do you recommend? Desperately Seeking Employment Dear Desperately, Take a deep breath. You can do this! […]