Retirement Planning for Christians: Part II

Should A Christian Save For Retirement? If you missed Is it Biblical to Save for Retirement? Part I you can read it here. Did Jesus save? Most Bible scholars agree that Jesus probably did not have an IRA or RRSP.  Yet, Jesus did save money.  I define saving as not spending money now so those funds can be used for a future expense. Saving involves discernment.  Savings happens when we say I … [Read more...]

Is it Biblical to Save for Retirement? Part I

In the context of a discussion about retirement, Matt Dabbs asked the question, where do you find the balance? On one extreme, you have people who work so hard to prepare themselves for retirement that they are basically working themselves out of needing to depend on God. On the other side, you have people who do nothing and then might be a burden on their family. Where do you find the balance? … [Read more...]

Five Things For Young People – Here is #6: Develop a Giving Heart

Yesterday I was at the store and was checking out.  I paid with cash as I always do according to our family credit card use guidelines.  Typically I am pretty good with math, but somehow I got flustered and couldn’t get the math straight. I ended up giving the cashier 46.10 for a 36.02 purchase (instead of 36.10). Moral of the story: I am not infallible and make mistakes. This post is one I … [Read more...]

Revealed: Why You Should Rent an Apartment Till You Have at Least 20% Down

Your single most important purchase will be your home. While some of the other decisions you make while you are younger might be non-fatal the choice you make in regards to a home will probably impact you for decades. You will need to be patient and save up at least 20% so you have a decent down payment towards your first home. Also if you are married, purchase the home based on only … [Read more...]

The Real Truth About Borrowing Money To Buy Cars

In many ways convenience and lack of patience is the enemy of financial prosperity. Loans could be a statement about your selfishness.  A loan says I don’t have the money, but I want this and I want it now. Here are some important facts about car loans: The average American car loan payment is $400 per month. A 48 month used car average interest rate is currently 7.91%. Let’s say you … [Read more...]

Smart Money Move, Marry Someone with a Clue about Money

A smart money move for young people is to make a decision to marry someone who has a clue about money. Here are the five things you can decide now to avoid YEARS of financial regret: Decide you will pay for and save for as much for college cost as possible. Decide to marry someone who has a clue about money. Decide to work during the summer if not during the school year. Decide to … [Read more...]

Avoid $13,160 in Interest Payments & Get a College Degree

Too many people are playing financial catch-up. They made a dumb mistake or several dumb mistakes that unintentionally put them years behind on their current financial goals. In this upcoming series will look at the things you (as a young adult) can decide now to avoid YEARS of financial regret. Here's the topics we'll cover: Decide you will pay for and save for as much for … [Read more...]

What Are Your Financial Goals?

In his book, The Wealthy Barber, David Chilton introduces us to the average Canadians goals.  I suspect those goals would not exclude most Americans.  Here is what Chilton says: “ We all share pretty much the same goals – an annual vacation, a nice car, a comfortable home, a cottage, early retirement, the ability to give our children what they need and want … and baseball season’s tickets.  These … [Read more...]

What is the difference between ‘Biblical Finances’ and ‘Personal Finances’?

In his book The Scandal of the Evangelical Conscience, Why Are Christians Living Just Like the Rest of the World? Ronald J. Sider asks why are Christians Living Just Like the Rest of the World? Sider introduces several areas of life where statistically there is little difference between the Evangelical Christian population and the larger American society. The areas include: divorce, materialism … [Read more...]