Debt | Bible Money Matters

Co-Signing Risks: Why Co-signing Is A Bad Idea

March 18, 2010

Good intentions can ruin you financially. People who are looking for someone to co-sign a loan for them often look for the nicest, sweetest, and gentlest person they know well. If you have been asked to co-sign for a loan, congratulations on being one of the nicest people in the world. But, now it is [...]

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Is There A “Good Reason” To Get Into Debt?

January 13, 2010

Do you want something badly enough to borrow money? When it comes to debt, it’s a hard concept for me to endorse. I find it very hard to think that there are things I want badly enough that I would take on a debt to buy. But the general public obviously doesn’t share my concern. [...]

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This Blogger Fell Into The FICO Trap, But Saw The Light And Became Debt Free

October 29, 2009

This is a guest post from Debt Free Hispanic over at http://www.debtfreehispanic.com. You can read more of his inspiring posts by checking out his site, or subscribing to his RSS feed here. Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously. 2 Corinthians 9:6 (NIV) Today, I’m [...]

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Debt Free Story: How Frugality, Hard Work And Determination Can Lead To Debt Freedom.

August 14, 2009

This is a guest post from blogger Adam Faughn who preaches for the Lebanon Road church of Christ in Nashville, Tennessee. Married to the former Leah Moon, Adam is the dad of two children: Mary Carol is 3, and Turner is 2. Adam is also co-hosts iPreach the podcast each week. He blogs at Faughn [...]

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Should I Do A Debt Consolidation Loan? Important Things To Consider Before You Do.

August 10, 2009

I get a lot of searches on this site from people looking for information about debt consolidation. Why do people want to consolidate their credit card debts, student loans, and medical debt all into one payment? Because oftentimes they think it is a magic wand of sorts – that it will cause all their debt [...]

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Introduction To Peer-To-Peer Lending: Signing Up To Use Lending Club

August 8, 2009

If you’re thinking of signing up for a Lending Club account, please check out the referral code and affiliate link at the bottom to get a $25 cash bonus if you sign up using our referral link! Peer to peer lending has been a hot topic on personal finance blogs for the last year or [...]

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Personal Finance Bible Verse Of The Day: Not Paying Your Debts

June 18, 2009

It is better that you should not vow than that you should vow and not pay – Ecclesiastes 5:5 In this day and age it seems to have become more and more common for people to live above their means, and to use credit and debt to increase their lifestyle. Instead of saving up for [...]

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New Legislation Will Bring Changes To The Credit Card Industry

May 29, 2009

If you’ve been reading this blog for any period of time, you probably know that I’m not a huge fan of credit cards. As a Dave Ramsey fan and facilitator for his Financial Peace University class, you’d probably understand why. In general I think that using debt and credit are just poor ways to get [...]

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Are You Emotionally Invested In Your Credit Card?

March 25, 2009

I was listening to the Dave Ramsey show on my way to work this morning, and Dave was talking to a caller on his show that had just taken the plunge, pledged to go no further into debt and then cut up his credit cards. He was talking about how it had been extremely [...]

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Tip: The Credit Card Companies Are Not Your Friend, They Just Want Your Money

March 3, 2009

I’ve noticed lately that the credit card companies are using a new tactic (or at least new to me). They’re doing things for cardholders that on the surface appear to be helpful in order to make you think that they’re on your side. They’re you’re friend, and they’re here to help you! I’ve seen a [...]

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Pay Off All Debts Smallest To Largest Using The Debt Snowball

February 13, 2009

The debt snowball has been touted as one of the most effective ways for people to pay off debt. Here’s how it works, and some pros and cons

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$1000 To Start A Small Emergency Fund: Is It Enough?

February 11, 2009

Some financial gurus suggest that you save $1000 for an emergency fund before getting in to hardcore debt reduction. Is it enough?

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The Best Decision Doesn’t Always Make The Most Financial Sense

January 20, 2009

One thing that I’ve come to realize over the years is that getting your finances together and winning financially doesn’t always make sense. In fact, sometimes, it defies financial logic. There are a lot of reasons why this is the case, but for me the most convincing one is that we as humans aren’t perfect [...]

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A Commonly Believed Myth: The Little Guy Just Can’t Get Ahead

January 12, 2009

photo credit: ivoryelephantphotography During the time that I’ve been writing this blog, one thing that I have noticed is the difference in attitudes between those who are on their way to financial success, and those who just seem to be mired in debt and despair. They have a distinct difference is an attitude and outlook. [...]

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