You already know that your debt is costing you, but have you considered just how much? And in what ways? I have a hunch that you are being affected in ways you might not even realize. So … let’s explore: what is the real cost of debt?
Making The Most of Your Financial Failures
Two people immediately come to mind when I think about financial mess-ups in the Bible: Matthew and Zacchaeus. Both were tax collectors and both made some pretty big mistakes when it came to handling money. What’s interesting is that even though they were hated for their dishonest practices, Jesus used their situations to minister to […]
Selling Your House to Pay Off Debt: Good Idea or Bad?
Your debt load is so heavy it is consuming your life. Just when you feel there is no answer to your dilemma, you start eying the equity in your house. Pressured by the stress of your debt, you begin considering the unthinkable: selling your house to pay off debt. Should you? The answer is “maybe”. […]
What Really Qualifies as an Emergency?
If you follow Dave Ramsey, you are aware that your very first priority is to establish a $1,000 emergency fund for those unexpected life events. The point of this “Baby Step One” emergency fund is to provide you a buffer or fall back while you’re paying down debt with “gazelle intensity”.
Biblical and Financial Wisdom: Doing Things in the Right Order
Proverbs 24:27 “First plant your fields; then build your barn.” What does this verse mean? When I first read this verse, I didn’t get it. Understand that I am not a farmer, so I didn’t see what difference it would make whether one planted first or built his barn first. If fact, it seemed more […]
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