Category Archives for "Debt"

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 […]

The Bad News About America’s Debt Limit

The Daily Treasury Statement for March 13, 2015 was the first to show the federal debt closing the day at $18,112,975,000,000. Listen carefully. Every Daily Treasury Statement since then has reported the same thing: the debt closing the day at $18,112,975,000,000. That is about $25 million below the current legal debt limit set by Congress. In other […]

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 […]

Would you take out a 30-year mortgage to buy a pizza?

By Chuck Bentley While it sounds ridiculous, you may actually be taking out a mortgage when you use your credit card to purchase things like pizza or coffee or gasoline. Here’s why: If you use a credit card that carries a $2,000 credit balance with an 18 percent annual rate, with a minimum payment of […]

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 […]