3 Reasons Why We Kissed Budgeting Goodbye

Yes, I am the author of The Secret to a Successful Budget. Yes, in that book I said, "[the budget is] an essential component of any healthy financial plan." Yes, I also said, "If I had to identify one financial habit that helped us become debt-free, it would be the budget." Yes, I did mention, "For almost seven years now we've kept a budget - even now that we are debt-free. And we still … [Read more...]

Fixed Obligations are the Biggest Obstacle to Savings

Today, Mr Credit Card from www.askmrcreditcard.com is going to talk about how long term fixed expenses and obligations can affect our ability to save. Hope you enjoy his thoughts on this. For those searching for new credit cards he has a best credit cards section.  If you are interested in submitting a guest post you can learn more now. In my opinion, the biggest obstacle to "saving" is long … [Read more...]

Contribution Limits 2011 – IRA, 401(k), 403(b)

Not, much breaking news here, but just an informative update. The IRS announced (October 28, 2010) cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2011. 2011 Contribution Limits – IRA, 401(k), 403(b) The contribution limits for 2011 are unchanged from the limits in 2010. 2010 2011 IRA Contribution … [Read more...]

Medi-Share.org Medical Sharing | Christian Health Insurance Substitute

Update March 2012: I've written a post that talks about my Medi-Share experiences.  This has updated information on my thoughts regarding Medi-Share so I recommend you also read that post. My mommy always taught me to share. Now, I teach my kids to share. The question is – am I willing to share my medical costs? How you answer that question significantly determines if you should consider … [Read more...]

Understanding Your Social Security Statement

Do you wonder how you'll manage your money when you retire? If so, your Social Security statement can be a helpful tool in planning your family's finances. Have a taken a look at it recently? A Bit Of Background Information And History Since 1999, statements have been automatically mailed to all workers over age 25 who haven't yet received benefits. The statement is mailed to you about three … [Read more...]

Rethinking Retirement | Reasons I Spend Less Time (and Money) Saving for Retirement

I used to do a lot to plan for retirement.  But then I wised up. I find that as time passes I’m developing an increasing skepticism about the concept of retirement.  I definitely would say retirement is not the goal of life.  If we live within God’s calling, we should be able to work, play, and learn at all stages. I think Christians should be appropriately educated about the value of … [Read more...]

5 Ways to Retire with Less Investment Risk

In my last post, I talked about what really matters about investment risk. The basic idea was that meeting your retirement planning goals should have a higher priority than staying within your risk tolerance. If you invest in a "safe" portfolio but don't reach your goals, was it really a safe investment? I don't think so. But I also mentioned that there are some options if you don't want to … [Read more...]

What is the Cause of Poverty?

Ok.  Here we go.  It’s time to dive into the always sensitive topic of poverty. If you think the question I asked in the post title – what is the cause of poverty - can be answered in one concise sentence, then I’m going to guess you’ve never seriously thought about the question.  Everyone I know who has spent any time in the presence of the poor acknowledges the complexity of the … [Read more...]

Ministers and Pastors Social Security Tax | Should You Opt Out?

Those outside paid ministry think that ministry is just about hearing and answering a call.  But there is much to deal with on the side of the minister's salary and relationship with the government. Ministers have very special tax and income situations.  This includes things like a housing allowance, employment status (self employed or employee), and social security.  Ministers also have … [Read more...]

Borrower is Slave to the Lender | The Point

If I had one follow-up question on my original article that asked the question is the borrower slave to the lender, my question would have been – what’s the point?  Craig, what are you trying to say?  What is the application?  Honestly, until I read all the comments, I don’t know if I could have answered that question.  I was just thinking on paper.  However, I’m slowly starting to develop a … [Read more...]