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Personal Finance By The Book

Personal Finance By The Book

Joe Plemon: Financial Writer

Your Emergency Fund is for More Than Emergencies

September 5, 2011 by Joe Plemon 5 Comments

Homer and Tricia (fictitious names) were doing well. Or so it seemed. Homer had a good paying government job and Tricia was self employed. They had a mortgage on a nice house and were making payments on a nearly new car. They carried credit card debt, but “so does everyone”, they reasoned. Then the unexpected […]

Filed Under: Dollars and Sense, Insurance

Which Debt Snowball is Best for You?

August 31, 2011 by Joe Plemon 4 Comments

Creating a debt snowball is a great way to reduce your debt, but not all snowballs work the same way. As you read about these, ask yourself, “Which one is best for me?”

Filed Under: Debt

An Antidote to Materialism: Declare Your True Citizenship

August 19, 2011 by Joe Plemon 3 Comments

ma·te·ri·al·ism Noun/: A tendency to consider material possessions and physical comfort as more important than spiritual values. Is materialism an issue for you? It is for me. You and I live in an alluring world … a world of consumerism that is unparalleled in the history of mankind. We can have literally anything we want […]

Filed Under: Biblical Thoughts On Finance

Leaving Your Children an Inheritance – Rethinking the Issue

August 12, 2011 by Joe Plemon 7 Comments

In my post, “Should You Leave an Inheritance to Your Children?”, I concluded that giving some inheritance to my children while I am still alive is a good idea. While I haven’t totally changed those plans, Randy Alcorn’s book “Managing God’s Money”, has me rethinking this entire inheritance issue…again. The following thoughts are worth considering […]

Filed Under: Biblical Thoughts On Finance, Family

Co-signing for Your Spouse – Something to Think Twice About

August 10, 2011 by Joe Plemon 12 Comments

I discourage co-signing for two reasons: it doesn’t help the one who is making the request and it invites trouble in the relationship. The reason someone needs a co-signer is because the potential lender has determined that this particular borrower is not a good risk. Therefore, the best way to help this borrower face the […]

Filed Under: Debt, Dollars and Sense, Family

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