March 2012

There has been a lot of news the past few days about the $600+ million Mega lottery. If people knew the facts, they would never spend the money. It is crazy to see all of those people lined up with pockets full of cash to buy a chance at winning. Consider the facts: Tax on […]

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Thrift stores that sell used home furnishings and clothes have been a place for us to acquire needed items, but I have not come across a Picasso like Zach Bodish did, when he bought a signed print for $14.14 and might be worth $6,000 – $12,000 at the Volunteer’s of America store in Columbus Ohio. […]

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Interesting article in the Atlantic: College costs continue to rise, outpacing inflation, yet the cost to them and society is astounding: College graduates earn 80% more than high school graduates If US raised education performance South Korea’s level US economy would improve by more than $2 trillion (same as Italy) The impact of a good versus average teacher […]

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The Bible has over 2,000 verses related to money, and many more regarding stewardship. I’ve taken a few and organized them into three sections: 1) 5 personal financial management practices 2) 4 principles, and 3) ways to avoid or recover from financial difficulty. If you want to check them out click here.

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Insurance policies to help offset the cost of living in an assisted living facility, are priced based upon the amount of benefit that one feels they need or can afford. People in their 50’s and 60’s often consider this insurance, but it isn’t cheap, neither is the cost of living in a facility.  The costs […]

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Ally Bank has been running a TV commercial where someone walks up to a stranger on the street and hands him $10,000 in a briefcase, with secret cameras running. The footage would be a lot more fun if they blindfolded the giver of the money. I doubt the people being taped are not actors, but […]

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The Wall Street Journal reported that BofA is initially offering in New York, Arizona and Nevada homeowners who are having difficulty making mortgage payments, to lease their home back to them, at market rates, in exchange for transferring the deed to the bank using a ‘deed-in-lieu of foreclosure.’ This could be a win for the banks, who […]

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Great article in the Wall Street Journal about leftovers, discarded food and the impact to household budgets and the environment. I hate it when food goes bad and we have to toss it out.  We try to freeze things like peppers or meat before they go bad, and only buy what we plan to use in […]

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The Financial Protection Bureau recently reported that total student debt topped $1 trillion last year (2011). They report that some of the reasons for the rise is a lot of Americans returning to college, instead of staying in the weak labor market. Tuition increases have continued especially considering cuts in state funding. Also many parents […]

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Greed is defined as the excessive desire for wealth or possessions. Mildly put, it is the hope that through the possession of things we will be comforted or be made happy. More strongly worded, it is the bowing down before the idol of money, like pagans looking at carved images, or the Israelites worshiping the […]

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Have you ever had something that you really wanted and were getting ready to purchase, and instead of doing so you gave the money to some needy person? Have you ever considered taking a prized possession and selling it, and give the money to an institution that you believe in? A friend of mine down […]

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The cost of groceries and prescriptions really eat away at our budget, and many people I talk with agree. Over the last few years we have held a number of workshops to teach people what we are learning to save money in these areas. We have assembled some of the notes from past classes here, in […]

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People have many option these days for tax preparation, all have their strengths and weaknesses: Doing it yourself: Tax preparation software like Turbo Tax, Tax-Cut, or just doing it in paper and pencil can be learning self educating experiences for those willing to invest their time. The software is easier to use and is getting better all […]

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When we find out we are going to receive what might be thousands of dollars in tax refunds from the Federal or State Governments, we have two competing impulses:  wants versus needs. Those that are struggling may want to give this issue serious consideration, because any windfall like tax refunds or bonuses can really help us […]

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When you get ready to make a big purchase, how do you make decisions?  Do we check our motivations, think about the long-term consequences of ownership such as maintenance, insurance, time we will spend with it versus time with other competing priorities, and cost. Do we consider our needs, wants, and budget.  What are our motivations; are […]

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The health insurance debate is far from over. You are going to hear a lot more about it in the next few years; during the presidential debate, as cases work there ways through the courts and the Supreme Court, and as more major provisions become effective that aren’t now. I’ve listened to much of the […]

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This note is for those taking Dave Ramsey Financial Peace University class with us. So far we have completed 5 lessons, and after this week’s class lesson we are almost half way through the course. This week’s lesson Buyer Beware is excellent and helps those saving when making purchases.  The last 2 week’s classes on debt were […]

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If you are considering a new or used car purchase you may want to check out a good article at AOL Autos “Here are the autos mechanics see the most.“

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This morning’s financial devotional starts with a scripture reading of James 1:2 – 12: 2 Consider it pure joy, my brothers and sisters, whenever you face trials of many kinds, 3 because you know that the testing of your faith produces perseverance. 4 Let perseverance finish its work so that you may be mature and […]

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