Fifteen years ago, people were quick to call student loan debt ‘good debt.’ Fast-forward to today and thousands of graduates with insurmountable student debt might not agree with your idea of ‘good’ debt. Sure, we know that people with college degrees earn more than those who don’t have one. Going to college and getting a degree isn’t the problem. Borrowing a realistic amount of money to obtain a degree in a field that will bring a nice return on your... Read more
Dave Ramsey’s baby steps have helped thousands of people to become debt free while giving them the tools they need to completely reshape their financial picture. There’s no question in my mind that Dave is one of the best financial motivators out there. His radio show, books, and course Financial Peace University inspires people all over the country to change the way they handle their money. In his book Total Money Makeover, Dave Ramsey shares his 7 baby steps, which... Read more
There’s a promise in Proverbs that says when we give God our best, he will bless us beyond measure. I believe this verse is absolutely true and that it applies to more than just our finances. Here’s the verse: Proverbs 3:9-10 Honor the LORD with your wealth and with the best part of everything you produce. Then he will fill your barns with grain, and your vats will overflow with good wine. We honor God when we give Him the... Read more
FDIC stands for Federal Deposit Insurance Corporation. It’s an independent agency of the U.S. Government that is in place to protect depositors against loss in case their bank fails. The bank, however, must have FDIC insurance otherwise their depositors will not be covered. Since October 3 2008, the FDIC insurance limits have been set at $250,000 per account holder per insured institution. This means that if an FDIC insured bank were to fail, your assets would be insured up to... Read more
What would you do if you could retire with $1 million? Would you donate a good portion of it to your church, or support a cause that’s near and dear to your heart? What would your life look like? Would you be traveling all around the world, visiting and supporting different missionaries? How would you feel? A bit more secure, knowing that you’d have the means to take care of the majority of your expenses? Yes, it’s important to remember... Read more
Whether you are just starting out as a self employed individual or have owned your own business for years, it’s a good idea to consider your health insurance options. Health insurance policies are always subject to change, and regular reviews can be helpful. What options are available to you? Why You Need Health Insurance When Self Employed Health insurance – although often expensive and complicated – is a must. You are not immune to accidents. You are not immune to... Read more
In its first weekend, the Hunger Games brought in over $155 million in North American ticket sales. Hundreds of thousands of people went to the theaters to watch what might be named the best film of the year. Little did they know that one of the most fascinating theories in economics was being taught on the big screen: game theory. On to that in a second, but first a little about the movie… Hunger Games Quick Summary If you’re not... Read more
If you don’t know what a Roth IRA is, you’re not alone. Recently a friend of mine who is a financial planner spoke in a classroom of graduating college seniors and asked how many of them had heard of a Roth IRA. Not a single hand went up. That’s when he decided to start a movement – a Roth IRA movement. There’s obviously a gap when it comes to public education and personal finance, so this article is meant to... Read more
We’re having another giveaway on Faith and Finance! A $25 Amazon gift card if up for grabs today. You have four easy ways to enter: 1. Like Faith and Finance on Facebook 2. Go to our homepage and click the Google +1 button on the left 3. Tweet about the giveaway. Tweet // 4. Sign up for our free eBook: How To Coupon The winner will be selected on April 2 (next Monday!) so get your entries in as soon... Read more
After graduating with an MBA in 2009, I watched as a handful of my classmates struggled to find a job. I was fortunate that I already had a place to work, but the fact was that getting an MBA wasn’t a guarantee for a high paying job or even a raise – especially as the Great Recession was in full swing. Now that the economy is moving upwards again, the job prospects are looking up for MBAs and other college... Read more
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