Debt | Bible Money Matters

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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Headed for Debt Disaster? Here’s How to Tell

December 4, 2008

This is a Guest Post written by Tisha Tolar. Tisha is a freelance writer providing content for CreditCardAssist.com, where she regularly writes about credit cards, rewards programs and general consumer finance issues. Busy, busy, busy. That is how so many people describe their lives today. There is not always time to truly focus on the [...]

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When Canceling A Credit Card, Be Ready For The Emotional Appeals To Stay

December 1, 2008

Time to cancel the old credit card! photo credit: danesparza I recently called to cancel an old American Express card that I’ve had since 2001. I cut the card up in early 2008, and had stopped using the account several years ago. It was time for the card to be gone for good. When I [...]

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Christmas Budgeting Tips: Avoid Overspending At This Expensive Time Of Year

November 25, 2008

The holidays are almost here, and if you haven’t already, it’s time to start thinking about buying Christmas gifts for family friends and neighbors! Will you be heading out to wait in line at one of the Black Friday sales? photo credit: Paul Keleher Christmas is one of those times of year that we normally [...]

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5 Keys To Overcoming The Urge To Splurge

November 21, 2008

Christmas is for debt? Christmas will soon be upon us with all of the good cheer, family get togethers and presents! All of the big department stores are already in full-on Christmas mode, with aisles upon aisles of decorations in the front of the store and Christmas music pumping over the PA systems. It’s hard [...]

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Reader Question: Is It A Good Idea To Get A 401k Loan To Pay Off Debt?

November 13, 2008

I had a question posed to me this week about 401k loans, and whether they were a good idea. The person said they were considering using a 401k loan to pay off some higher interest credit card debt. The rationale behind doing this was that they’d rather pay themselves interest than the credit card company, [...]

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A Way To Control Spending: The Envelope System

November 3, 2008

We need a way to cut our spending This past summer my wife and I took a class called “Financial Peace University“. The class is built around the teachings and personal finance framework put together by Dave Ramsey. Ramsey has made it his career goal to help people take responsibility for their financial life, get [...]

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