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Personal Finance By The Book

Personal Finance By The Book

Difference Between Debt and Deficit

October 24, 2011 by Tim 1 Comment

I can’t tell you how many times I’ve heard the words debt and deficit thrown around on the news this year.  It seems like every time I turned on the TV or read an economic article, people would make it a point to talk about our nation’s debt and the budget deficits.  But what’s interesting […]

Filed Under: Debt, Economy

I’m Not THAT Wasteful Am I?

October 10, 2011 by Tim 7 Comments

I walked back downstairs after dinner last week and found that I had left the light on in the basement.  I hadn’t been down there for at least two hours and yet the bulbs still burned bright, lighting up an empty room.  Now, usually I don’t think about wasting electricity by leaving lights on, but […]

Filed Under: Dollars and Sense

9 Frugal Staycation Ideas

September 26, 2011 by Tim 3 Comments

9 Frugal Staycation Ideas

Summer is winding down and so are vacations.  With school in full swing and the holidays around the corner, a vacation may not be in your budget…but we can’t help but think about one every now and then. It’s good to have a break without forking over a lot of your hard earned money, which […]

Filed Under: Family

What’s your MPG?

September 23, 2011 by Tim 4 Comments

Sorry folks, we’re not talking about cars and gas mileage.  We’re coining a new phrase here – MPG = Marginal Propensity to Give. A little background I wrote a brief series about economics that explained two concepts: marginal propensity to consume and marginal propensity to save.  In a nutshell, these concepts ask what you would […]

Filed Under: Biblical Thoughts On Finance

3 Things to Consider Before Investing in Gold

September 12, 2011 by Tim 4 Comments

It’s hard to believe how much growth we’ve seen with gold in this past decade.  In the last five years alone, the price of gold has shot up nearly 200%!  As the US continues to work through its overwhelming amount of debt and as the stock market continues to move like a roller coaster, I’m […]

Filed Under: Investing

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