I recently read Peter Lynch’s book One Up On Wall Street. Lynch was fund manager of the top performing Fidelity Magellan Fund from 1977 to 1990. Though the book was written in 1989, Lynch’s wisdom still holds true today. In fact, as I was reading, it was fun to insert the words ‘2008/2009’ recession in the places that he referenced the 1987 recession. In just 20 short years, we’ve forgotten how our human behavior can keep us from taking advantage... Read more
I saw a Chevy Volt in a parking lot the other day, and I have to say, it was a pretty cool looking car. To be honest, I hadn’t realized that you could actually purchase one already, so I was taken by surprise a little. “That’s got to be expensive,” I thought as I drove by. But then I started to wonder if the price of an electric vehicle was actually worth it because of the potential savings involved. With... Read more
My wife and I are pretty frugal when it comes to groceries and others area of our budget. We never thought twice about spending less than $250 each month on groceries until a few of our friends asked in amazement “how can you do that?” Apparently, $350 – $400+ is normal for two people, but we’re here to say that it’s possible to eat well and spend $250 or less on groceries each month. While these tips seem simple, they’re... Read more
Changing your address can be time consuming if you approach it without a plan. When you have a checklist and change your address for each item one after the next, you’ll finish much faster and you’ll know that you didn’t miss anything. This list should be helpful if you need to update an address because of a move. USPS Address Change Online Visit USPS.com to change your address online. You’ll pay about $1.00 to change your address, but it will... Read more
Something bothered me the other day as I sat at a stop sign. I looked to my left and saw a sign for a furniture store with the words glaring “No Credit Check Financing.” Seriously?! Isn’t that how we got into this mess in the first place? Here we are two years into one of the worst recessions ever, and we’re still handing out goods on credit without even checking someone’s credit history. I’m all about the free market and... Read more
Today’s post is a guest post from Ashyia over at Credit Donkey. If you’re interested in writing a guest post for Faith and Finance, visit our write for us page and learn how. Staycations can be a wonderful way to take some time off, recharge, and save money by exploring your hometown. They are also much more environmentally friendly than long road trips or flights to far-away places. With the economy in bad shape the last few years, many families... Read more
My wife and I have been DINKs for the last three years. If you didn’t know, a DINK stands for DUAL INCOME, NO KIDS. We’ve been extremely blessed and our DINK status has allowed us to save a healthy emergency fund, set aside a good amount in our retirement accounts and pay down student loans over these few years. But all that changed last week. My wife’s last day of work was on Friday, so we officially became SINKs –... Read more
Solomon was known for having wisdom. You know the story – instead of asking for riches and power, Solomon asked God for wisdom and he was given a ‘wise and understanding heart’ along with more riches than anyone else in the world. (The full story can be read in 1 Kings chapter 3) The author of much of the Old Testament wisdom literature, Solomon shared his heart in words that have inspired people for thousands of years. His words of... Read more
Have you ever seen a U.S. debt clock before? There are a few sites that have real time debt clocks that are pretty interesting to look at. You’ll find that these clocks aren’t exactly the same because they’re based on figures from the US Treasury that change each month, requiring sites to adjust their algorithm, which can vary from site to site. The most interesting debt clock that I’ve found is the one at US Debt Clock. It’s by far,... Read more
What is the debt ceiling? If you’ve been following the news lately, you’ve probably heard about the United State’s debt ceiling. Put simply, the U.S. debt ceiling is the maximum borrowing power available to the government. The current debt ceiling is $14.294 trillion, which was set by Congress in 2010. The national debt cannot rise past this limit without Congress raising the debt ceiling. The United States has seen 74 increases in the debt ceiling since 1962. Ten of those... Read more
Faith and Finance
Ad-Free & Subscriber Log-In