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Larry’s First Credit Card

Are you a good manager of God’s property?  From a live event back in the ’90s, Crown’s founder, the late Larry Burkett, shares one hurdle to being a good steward.   If you’ve been blessed with My MoneyLife, we invite you to discover the Crown Stewardship Podcasts. They focus on helping you find freedom in […]

Waiting Instead of Financing

Do you wait for what you want?  I grew up in the days of “lay-away”. If you couldn’t afford an item, the store would hold it while you made payments on it. After your final payment, you could take it home. Gone are the days of eating off card tables and folding chairs, sleeping on […]

Payday Loan Alternatives

Are you in a financial bind?  Bankrate reports that predatory lending is on the rise. A majority of Americans are living paycheck to paycheck. Personal loans among consumers are higher than ever. Though not all are predatory, payday loans are designed to be repaid on a borrower’s next payday. They’re easy and fast but often […]

Three Rules for Borrowing

Did you know that Scripture does NOT prohibit borrowing? The Bible doesn’t prohibit borrowing, but not one positive reference can be found. In fact, most of the references are warnings about the dangers of debt. Credit card debt is surging as Americans struggle to keep up with inflation and the rising cost of living. Besides […]

I Hate Prepaid Visa Cards

I’ll never buy a prepaid balance credit card! I was recently given a thank you note with a prepaid balance card inside. It’s been nothing but a pain in the neck! Now I appreciate the fact that someone wanted to give me one. I just don’t think they’d ever used it. This particular card is […]

Escape Credit Card Debt

Are you a financial hostage due to credit card debt?  Some people manage their entire budget around keeping their credit card balances paid down just enough to stay out of trouble. Carrying a large monthly balance on credit cards and paying only the minimum monthly amount creates a debt more expensive than a home mortgage! […]

Crazy Money! Paycheck-to-Paycheck Lifestyles

It’s Crazy Money Day! Bloomberg reports that according to one survey, more than a third of Americans earning at least $250,000 per year are living paycheck to paycheck. These are in the top 5% of wage earners in America. Now that’s CRAZY! Their income is primarily going to household expenses. Housing costs for sales and […]

The ‘Buy-Now-Pay-Later’ Trap

You don’t use AfterPay….do you? J.D. Powers’ latest Banking and Payments Intelligence Report reveals that ‘buy-now-pay-later’ financing is growing among shoppers under age 45. They want to avoid the high interest of credit cards. However, failing to pay on time punishes them with interest and penalties. Many people don’t understand how the payment methods work. […]

Lower Your Credit Card Interest Rate

Are you struggling to make credit card payments? If you have a history of on-time payments you may be able to negotiate a better rate. Here’s how. Gather your current bill and call customer service. Be prepared to wait. Speak to a real person. If they don’t have the authority to make changes to adjust […]

Missing Credit Card Payments

Ever missed a credit card payment?  WalletHub reports that average household credit card balances top $8,000. Many can’t keep up with their payments. In 2020 we saw a big credit-card payoff primarily due to stimulus checks. However, in 2021, debt rose along with missed payments. A WalletHub survey revealed that 16% of respondents expect to […]

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