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 […]
Leaving Your Children an Inheritance – Rethinking the Issue
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 […]
Co-signing for Your Spouse – Something to Think Twice About
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 […]
How to Help Your Child Purchase That First Car
Requiring your teen to work and save for her first car is a great life lesson. We have done a few things right and several things wrong in helping our four children get that first car. Hopefully, you can repeat our “rights” and avoid our “wrongs” as we explore the issue of helping your teen […]
How To Plan For Massive Debt
Why on earth would anyone want to plan for massive debt? I’d rather have no debt, but we live in a world where having debt is more common than owning a dog. With that in mind, it is smart to plan for massive debt, which includes your home, school loans and even a car loan […]