Debt | Bible Money Matters

The Looming Credit Crisis: Another Reason To Live Without Credit And Debt

October 31, 2008

photo credit: orphanjones I was reading an article this morning that just stressed another reason why cash and saving is king, and why you shouldn’t rely on debt to “get ahead”. When you do rely on debt and credit cards it will always come back to haunt you, and you’ll find you’ve become slave to [...]

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Car Shopping DOs And DON’Ts

October 27, 2008

I am in the middle of looking for a new (used) car right now, and was looking for advice on the Dave Ramsey site in regards to buying a used car. I thought some of the information might be helpful to all of you out there, so I thought I’d share it here. Text below [...]

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Dave Ramsey’s Financial Peace University™ – Program Review

October 16, 2008

Teaching Financial Peace University™ My wife and I were just asked by some friends at church if we would help them in hosting a Dave Ramsey Financial Peace University™ class at our church. They had been planning to teach the class by themselves, but in the wake of our tough economic times they had over [...]

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Bankruptcy, Not Bailout?

October 1, 2008

photo credit: kevindooley I have been reading a lot of opinions on whether or not a bailout measure is a good idea, and there are a lot of differing viewpoints on the subject. Many are saying that if we don’t come up with a bailout package, that the economy will crash because of the lack [...]

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Dave Ramsey’s Solution to the Economic Crisis

September 30, 2008

Dave Ramsey has plenty to say about the current crisis, and what should be done about it. He has even put out a 3 step plan that he believes will resolve the crisis without having the taxpayers bailout financial companies to the tune of $700 billion dollars. You can download his plan here: Here is [...]

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I Guess I Spoke Too Soon!? No Deal on $700 Billion Bailout.. Yet.

September 26, 2008

photo credit: Zesmerelda Yesterday I posted the news that we had all been waiting to hear. Congress had finally come to an agreement and had settled on a bailout deal to help jump-start our faltering markets. The price tag? A mere $700 billion dollars. At the announcement of proposed deal the Dow Jones industrials enjoyed [...]

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$700 Billion Bailout Agreement Reached

September 25, 2008

photo credit: Jeff Belmonte It sounds like congressional Democrats and Republicans have reached an agreement today on a possible bailout plan, that it is hoped will bolster our faltering economy. From the AP: Warned that time was running short to bolster the distressed economy, congressional Republicans and Democrats reported agreement in principle Thursday on a [...]

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Still Think Credit Card Companies Aren’t Evil? Read This.

September 15, 2008

News flash – credit card companies are not looking out for your best interests A common theme that I have on this blog is that credit card companies are never looking out for your best interests, and you need to make sure you always keep a wary eye on them. Think those rewards cards have [...]

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A Biblical Look At Debt

September 11, 2008

This is a guest post written by Bob Brooks over at prudentmoney.com. Bob has a great website, blog and radio show weekdays from 3:30 to 4:00 pm on 91.7 FM KVTT (Dallas/Fort Worth, Texas). Check out his website and radio show podcast now! Subscribe to his feed here There are many people who are faced [...]

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7 Things You Can’t Do If You Want To Stay Out of Debt

September 10, 2008

Being debt free is great, but be careful or it won’t last! My wife and I paid off our last debt, a student loan, just over 2 years ago. It was such a freeing feeling to finally be debt free (except for the house) and we vowed to never go in debt again. The problem [...]

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To Debt Snowball or Debt Avalanche, That Is The Question.

August 29, 2008

Which Debt Reduction Method is the Best? I’ve been reading a lot lately about how one method or the other is best for getting out of debt. There are a ton of programs being touted as “the best”, and I do think some probably work better than others. So what do I think is the [...]

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Personal Finance Bible Verse of the Day: Do not borrow

August 28, 2008

For the Lord your God will bless you as He has promised you, and you will lend to many nations, but you will not borrow; and you will rule over many nations, but they will not rule over you. Deuteronomy 15:6 Another scripture that stresses the importance of not going into debt. We are told [...]

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Credit Crunch to Continue Getting Worse?

August 20, 2008

This year has been a tough one economically. We’ve had the foreclosure crisis, and now the credit crunch. People are bracing for the worst. Now leading academics are saying that the credit crunch may not be over yet. The deepening toll from the global financial crisis could trigger the failure of a large US bank [...]

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Debt Snowball – Pay Off The Smaller Debts First

July 13, 2008

“The wicked borroweth, and payeth not again: but the righteous showeth mercy, and giveth.” Psalm 37:21 One principle that is important in the area of personal finance is integrity, and making sure that when you borrow money, you’re paying it back. The reasons that people will find themselves in debt vary, and it isn’t always [...]

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