HOTWBanner.jpg

5 Things You Should Spend Money on to Save

Originally posted on the Christian Post on April 21

To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck,

I’ve been following Crown Financial Ministries for years and appreciate your advice on avoiding debt and putting God first through tithing, but is there ever a time when you SHOULD spend money?

Just Curious

 

Dear Curious,

The short answer to your question is YES. Let me offer two times when it is good and right to spend money.

Read More...

Have your or your family experienced an unexpected expense in the past 12 months?

Jill Cornfield at Bankrate.com says the most common surprise expenses are related to vehicles, appliances, home-repairs, injury or
 illness. Unfortunately, nearly 6 in 10 Americans don’t have enough savings to cover an unexpected bill of $500.


This is a problem across our nation. When people pay with a credit card, the original expense can grow monumentally if not paid off at the end of the month due to high interest rates. Some turn to friends or family for help with the hope of paying them back. Others cut expenses in order to pay the bill.

Read More...

Are you familiar with house flipping? A barrage of books, seminars, and TV shows are enticing people to get in on the action.

House flipping is an investment strategy where properties are purchased with the goal of reselling for a profit. This profit occurs either through a hot housing market or from renovations and improvements made prior to reselling.

In an article on December 28th at MarketWatch.com, Kirsten Grind reported that this is a great time to be in the house-flipping business. She states that the number of investors who flipped a house in the first nine months of 2016 reached the highest level since 2007. 

One third of those were financed by debt.

Read More...

Do you want to get out of debt in the New Year?!

Originially posted on the Christian Post on January 6.

To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or clarity.

 

Dear Chuck,

I read your column about making New Year’s resolutions, and I’ve made mine: Get out of debt. It’s not my first attempt, but I’m hopeful that this time I can do it. I wish I had a more creative tale of woe, but it’s basically the same old boy-goes-to-college, boy-gets-loans-and-credit-cards, boy-wants-out! How should I get started?

Looking for a New Beginning

 

Dear New Beginning,

Congratulations on deciding to take another run at getting out of debt. I will address the student loans and the credit cards alike. And yes, you can do this! The final chapter to your tale should be three steps to boy-pays-off-all-debt!

Read More...

Our world teaches that more is better. But have you ever considered that less is more?

Dolly Parton grew up in a 1-room cabin in the woods and says being poor was good for her. Why? She saw her parents struggle and stretch a dollar.

Think about it. When you don't have as much, you develop skills that those with much don’t have the opportunity to learn; things like sewing, cooking, cleaning, and home and auto repairs.

You learn how to manage time when you must hold down several jobs. You trade favors with friends and family rather than just buying what you need.

You learn to make do with what you have. You know how to live without things others consider necessities.

Read More...

Thinking about selling your home? It may sound crazy, but there are good reasons to list during the holidays!

Recently I shared some good reasons to buy a home at year end. Today, I want to share why it is good to list your home for sale during November and December.

Three years ago, we sold our home in November after listing it with Nikki Bonds. She is a successful realtor with some good reasons to list your home during the holidays. See if you’re convinced!

First, people who look for a home during the holidays are more serious buyers. Since there are fewer houses to choose from now and less competition, that means more money for you.

Read More...

Thinking about buying a home? You may not want to wait until next year.

You may think December is too busy to consider house hunting, but expert Robyn Woodman at Trulia.com explains that lower buyer competition, motivated sellers, and year-end tax benefits are good reasons to make a purchase now.

If you are in the market, it may be worth taking a vacation day to work with a realtor who probably has more time available for showings. 

Homes are priced to sell in December because there are fewer active buyers. You may get to avoid multiple offers, bidding wars and escalator clauses.

For a home to be on the market in December there may be a need to sell due to a job relocation, financial hardship or personal change of circumstance. It gives you the opportunity to negotiate a price and closing date that works for you.

Read More...

0 comments

Leave a comment