Debt
Loaning to Family and Friends
It’s not uncommon to be approached by a friend or family member in need of a loan to help them through a rough time. This can be a tough scenario to navigate because we want to help them out, but we also realize that relationships can be affected when we loan money to someone we…
Read MoreUnderstanding and Repairing our Credit Score
It used to be that our credit score only mattered when we wanted to borrow money, but in recent years, more aspects of our lives are starting to be affected by our credit score, including insurance rates, renting an apartment, even getting a job. Today we want to talk about how we can better understand…
Read MoreMoody Radio Interview – Buying a Car
Our car buying decisions will have a major impact on our overall financial situation. Those that overspend on vehicles will suffer the consequences of spending too much money on depreciating assets. On the other hand, the person that spends within their means will reap the benefits of using their money for better purposes. The following…
Read MoreMoody Radio Interview – Payday Loans
Payday loans often get a bad name because of their high fees, which can often convert to around 400% in interest annually. There is more to the story than just high fee lending though. We need to understand why borrowers use payday loans and also why the lenders charge these high fees. Once we get…
Read MoreMoody Radio Interview – How Dangerous is Your Debt?
Are some debts more dangerous than others? We should start by looking at how easily we can get out of each loan. Did we purchase something we can sell to get the money or did we already consume those purchases? Debt is a commitment of our future time and scripture tells us we don’t know…
Read MoreMoody Radio Interview – Debt Consolidation and Settlement
Debt consolidation and debt settlement can often sound like attractive options, but neither is an automatic fix for our debt problems and they can sometimes bring unintended consequences with them. We explore both of these options in today’s segment. The following recording is from “Mornings with Kelli and Steve” on Moody Radio Indiana (97.9 FM).…
Read MoreMoody Radio Interview – Getting and Staying Out of Debt
As we’re working to pay off our debt or even once we’re finally debt free, we need to have a plan in place to make sure we stay out of debt in the future. The following recording is from “Mornings with Kelli and Steve” on Moody Radio Indiana (97.9 FM). For more detailed information, you…
Read MoreMoody Radio Interview – Intangible Costs of Debt
The costs of debt far exceed just the amount of interest you pay on your loan. Unfortunately, most people never consider the equally as real, and often more painful, side effects of debt. In this interview, we discuss some of the overlooked costs associated with debt. You can read the related article here. The following…
Read MoreMoody Radio Interview – Online Borrowing Considerations
The modern financial era has changed the playing field when it comes to borrowing money. With so many people choosing to use online lenders, we need to consider how to apply wisdom in order to protect ourselves. We also need to remember the inherent dangers that come with all forms of debt. The following recording…
Read MoreMoody Radio Interview – Student Debt
Student debt continues to be a huge economic hardship issue. In this interview we discuss ideas for avoiding it or dealing with it if you already have loans. You can read the related article here. The following recording is from “Mornings with Kelli and Steve” on Moody Radio Indiana (97.9 FM). For more information on Moody…
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