Category Archives for "How to Get Out of Debt"

Do You Have an Offensive or Defensive Financial Strategy?

Now the correct answer is that it is important that you have BOTH. But you may be thinking you have neither! Okay, time for some coaching. A winning sports strategy involves a strong defense and a strategic offense. When both of these tactics are in place, the results can be far greater than one without […]

4 Better Ways to Use Your Tax Refund

Dear Chuck, Procrastinators Unite! This weekend, my husband and I will be crashing on our tax returns, due Monday, April 18th, and we’re hoping to receive a return. What do you suggest we do with the money?   Procrastinator Dear Procrastinator, It is never best to wait until the last minute to do your income […]

6 Basic Financial Moves Everyone Can Make

I am often asked to share basic financial moves. Here are my top six: 1. Make giving to the Lord’s work your top financial priority. The Bible calls us to honor the Lord with the first fruits of our wealth. I believe 10 percent of our gross annual income is the starting goal. 2. Have […]

Be wary of “add-on” credit card services

By Chuck Bentley Citigroup will issue refunds to 8.8 million consumers totaling $700 million for worthless add-on credit card products or services. In one allegation, Citi telemarketers were said to have sold consumers identity theft protection services with a 30-day “free” trial, when no such free trial existed. Or they signed up consumers for an add-on […]

Paying off debt is like eating an elephant…

…it can only be done one bite at a time. Over the years, I have known thousands of folks who have become debt free. I have never met anyone who regretted it. True debt is borrowing money that you have no way of paying back. It is debt backed by nothing more than your commitment […]

Using credit cards for business expenses

It is common practice in today’s business world for employers to reimburse employees for business-related expenses: hotel rooms and meals while on a business trip or gasoline if the employee’s car is used for business purposes.   The Problem As in personal finances, credit cards can wreak havoc with business expenses. Sometimes the employee uses […]

How to Avoid Post-Vacation Sticker Shock

How much did the typical adult spend on his or her summer vacation last year? $400? $800? The average price tag was actually closer to $1,200. Imagine, then, how much money a family of four spent! “Summer vacations can be surprisingly expensive,” Suzanne Boas, former president of Clearpoint Credit Counseling Solutions, said. “Families spend considerable […]

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