Blog Archives

Consequences of Ignoring Your Bills

Have you ever failed to pay a bill? Early in my marriage, I was in charge of paying all the bills. One day, my wife, Ann, was home when the doorbell rang. A city employee notified her that he was shutting off the utilities due to our non-payment status. Shocked, she assured him that there […]

Crazy Money! Household Debt is Rising

It’s Crazy Money Day! A recent NerdWallet study found that the average household debt has jumped to $165,000. That’s up 8% from the previous year. Even though average student loan debt has dropped slightly, mortgages, auto loans, and overall debt is now up. More and more people are carrying crazy amounts of credit card balances. […]

Crazy Money! The Cost of Credit Card Debt

It’s Crazy Money Day! It’s taking longer to pay off credit card debt. Any gains made with stimulus money have been wiped out by inflation. The Federal Reserve Bank of New York says credit card debt is rising at its fastest pace in more than 20 years. Americans now owe approximately $887 billion on their […]

What’s a Chargeback?

Have you ever pursued a chargeback? If you have a credit card, chances are you’ve had to dispute a charge. Maybe an item you ordered arrived damaged and the retailer won’t take it back. Perhaps you were charged twice for a purchase or you ordered something and never received it. When this happens, you may […]

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! […]

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