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Resolve to Stop Borrowing

Do you have debt and are you living paycheck-to-paycheck? Many people are experiencing economic turmoil. Let me encourage you. There’s a way out of the paycheck-to-paycheck cycle. It boils down to 4 words: resolve to stop borrowing. Scripture clearly indicates that borrowing is not God’s plan for His people. It was never intended to be […]

Build Credit Without A Credit Card

Your payment history is the most important factor in calculating your credit score. Now what if you have no credit history? People will tell you that credit cards are necessary to build your credit. That’s wrong. You can build it in other ways. Experian Boost is a free service to instantly improve a score. Using […]

Use Credit Cards Wisely

I grew up in the age before credit cards. We used layaway or we saved until we could pay cash for purchases. Today, credit cards have become a way of life. You can avoid trouble by remembering Proverbs 22:7 – “The rich rule over the poor, and the borrower is a slave to the lender.” […]

Avoid Voluntary Servitude

The “borrower is a slave to the lender.” Many people voluntarily embrace financial servitude by increasing their standard of living using debt. Then debt consumes their thoughts. They worry about paying it off and stress themselves trying to make ends meet. Some experience shame from hiding it. The deeper the debt, the more like a […]

Abundance

What do you actually own? The Bible teaches that God owns everything. Absolutely everything! I once met a man who appeared on the Forbes 400 richest people in Asia. Then he lost it all. He told me, “I’d been a real estate developer worth over a billion dollars, but I wanted more. I became greedy, […]

Monopoly and Debt

We play Monopoly at our house and we’re competitive! A number of years ago, we did an experiment with Monopoly. Players could borrow money from the bank at zero-interest and create as much debt between players as they wanted. Since nobody could go broke the game went on and on and on. Property prices got […]

Home Equity Loans

Cash poor? Thinking about borrowing against your home? Home equity loans are a type of second mortgage. They allow you to borrow against the equity in your house. Now the home is your collateral and the loan is repaid in fixed monthly payments just like a mortgage. Interest rates may be lower than a personal […]

Pray First – Don’t Panic!

Do you have a bill that’s due right now and no way to pay it? Don’t panic! When life gets hard, it’s tempting to run to the fastest, easiest source of help to relieve the pain. Unfortunately, that often worsens the situation. It’s like trying to pull a painful splinter without the proper tool. You […]

Need Hope?

Finances got you down? You need some Hope!  About this time of year, it’s easy to lose hope and get depressed over the state of your finances. Maybe you haven’t reached your goals or kept your New Year’s resolutions, but don’t give up. Becoming a steward takes practice. Lots of practice!  A toddler learns to […]

Rollover Loans

 Do you still owe money on your car? Well, don’t go lookin’ for a new one!  Americans have very little willpower when it comes to buying cars. Edmunds reports that a third of the cars traded in for new ones this year had negative equity. The average amount they still owed was $5,000! So, when […]

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