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
Archives for February 2009
Personal Finance Bible Verse Of The Day: Repay Your Debts
It is better that you should not vow than that you should vow and not pay. Ecclesiastes 5:5 This verse could be seen to apply to our current times quite well. With our current housing and foreclosure crunch people have been taking out loans left and right, making vows to repay, and then not repaying. […]
$1000 To Start A Small Emergency Fund: Is It Enough?
Some financial gurus suggest that you save $1000 for an emergency fund before getting in to hardcore debt reduction. Is it enough?
Devotional: Are You Limiting God?
Jesus looked at them and said, “With man this is impossible, but with God all things are possible.” – Matthew 19:26 Israel was losing the war against the Syrians. God’s prophet Elisha was dying. All seemed bleak. photo credit: juandao King Joash visits the dying Elisha. Joash begins to weep. He knows Elisha’s death will […]
Congressional Budget Office Says 2009 Stimulus Package Could Be Harmful To Economy
credit: kevindooley The Congressional Budget Office released a statement this week stating that they believed the current versions of the 2009 stimulus package would actually be harmful to our nation’s economy in the long run. President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to […]
Please Vote For Me In Free Money Finance March Madness!
This month over at Free Money Finance they’re holding the personal finance bloggers “March Madness” event. Basically FMF puts together a bracket of submitted finance posts, and there is a competition to crown a champion! What does the winner get? Exposure on one of the biggest and best personal finance sites out there, as well […]
Voter Support For Stimulus Package Is Dropping
The more I’ve been hearing about the stimulus package that President Obama has been pushing these past few weeks, the less I’ve liked about it. It seems to be full of all sorts of unnecessary spending, and a good deal of it not even targeted in ways that could actually help. Now, according to a […]
Personal Finance Bible Verse Of The Day: More Blessed To Give
In everything I did, I showed you that by this kind of hard work we must help the weak, remembering the words the Lord Jesus himself said: ‘It is more blessed to give than to receive.’ Acts 20:35 In our current times, the phrase “It is more blessed to give than to receive” is one […]
Ask The CERTIFIED FINANCIAL PLANNER™: Inheritances And 401ks
I’ve been getting a lot of reader questions lately, asking what I think they should do when faced with certain situations. I’m always happy to give advice, but this week I thought I would go to a professional for answers. In today’s post, I’ve asked Jeff Rose from Good Financial Cents to answer a couple […]
Small Decisions Equal Big Results
credit: elusive. One thing that I’ve learned over the past year is that the smallest of decisions can affect your financial life in a big way. In the short term making the choices to initiate small changes in your saving and spending habits may not seem like it will make much of a difference, but […]
Devotional: What’s Important
Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be […]
