Be Aware! Don’t Be Deceived By Calling Your Debt Good

It's time for us to move past the archaic debt designations of good debt and bad debt. Instead, we ought to re-evaluate our debt situations to see if we can find a new paradigm for how we can evaluate the blessedness or burden level of our debt. The most important thing that must happen is we must recognize that debt brings some sort of negative pain or consequences.  It doesn't matter how … [Read more...]

The Simplicity and Complexity of Debt

Debt. It's a huge issue facing North American Christians and churches.  It is debt that is choking.  Straining.  And burdening so many people. Debt is consuming resources like money, time, mental energy, and focus.  Those resources ought to be devoted to other more important things.  But they can't because future funds have already been committed to pay for things people couldn't afford … [Read more...]

DIY Rewards Cards: Pay Yourself Back Without Going Into Debt | Guest Post

Today I’m publishing a guest post by Jason Jacobs. Jason Jacobs is a missionary in a web programmer's body. In addition to working on financial fitness, he also spends a lot of time writing about his journey towards physical fitness. You can follow his progress at Finding My Fitness. Many of us are probably trying to get out of credit card debt quickly. We’ve also seen the ads telling us the … [Read more...]

What Romans 13:8 Teaches About Financial Debt

Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law. (Romans 13:8 NIV) This week someone very kindly, politely, and respectfully challenged me to rethink my position on debt and credit cards.  Her belief is that when one uses a credit card (even if it is paid off every month), she is in debt.  Romans 13:8 was one of … [Read more...]

A First at MH4C … A Credit Card Product Promotion | 100,000 British Airways Bonus Miles Offer

In nearly two years of blogging I’ve (to the best of my memory) never promoted a credit card on this blog.  I do, however, know for a fact that I’ve never done an entire post on a single credit card. However, this offer seemed too good to pass up. First, a story. Several months ago, British Airways was offering an opportunity to get 100,000 miles with a credit card sign up.  For some … [Read more...]

The Tragedy of Debt

Over the last few weeks, I’ve been convinced that I need to take a stronger stance against debt and offer more resources for people who are in debt.  I feel like I need to point out both the seriousness and ludicrosity (yes, I made up that word) of debt. As I’ve been working on my call for simple living and generous giving (in the form of a book called Transforming Your Financial Diet: 7 Steps … [Read more...]

Student Loan Debt and the American Academic Obsession

Subtitle: When “Good Debt” Comes Back To Haunt Us Several months ago the Wall Street Journal reported: Americans owe some $826.5 billion in revolving credit, according to June 2010 figures from the Federal Reserve. [Most of revolving credit is credit-card debt]. Student loans outstanding today — both federal and private — total some $829.785 billion, according to Mark Kantrowitz, publisher of … [Read more...]

50 Personal Finance Questions |Get Help Setting the Right Financial Goals

I think everyone would be well served by breaking their lives into major categories and assigning goals for each category.  Fortunately, finances are one thing that already often get included in New Years Resolutions. To kick start the process, I’m going to ask you a lot of questions.  If you hesitate, put an * by that question and go back to it.  Spend some time thinking about and researching … [Read more...]

Why You Shouldn’t Let the ‘Business’ in Business Credit Card Fool You

This guest article was written by Odysseas Papadimitriou, CEO and Founder of CardHub.com, an online marketplace for credit card offers and gift card exchange. Take a guess which is the best credit card for a small business owner to use: a business credit card or a personal credit card? How many people guessed both? That's right, it's a trick question. At least it has been since the passage of … [Read more...]

4 Debts You Should Try to Avoid

Excessive use of debt can be a major hindrance to your financial independence. Although sometimes unavoidable, here are four debts you should try to avoid as much as you can. Credit Card Debt Most of our debt problems come from the overuse or misuse of credit cards. Here are some interesting stats from the Federal Reserve's latest Survey of Consumer Finances for 2007. 46% of families have a … [Read more...]