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Teach Kids about Money While on Vacation

Mon, 08 June 2009 15:20:00 EST

It's vacation time, and many of us will head to the beach, the mountains, or a theme park for some fun in the sun. Or maybe it's a week of family togetherness camping, fishing, and hiking at a state or national park. Vacation is a great time for some relatively painless lessons on managing money. Use the natural enthusiasm for vacation adventure to teach the kids about planning, budgeting, and paying for a trip. [[ Click Title For More ]]

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Spending Strategies for Living Within Your Budget

Mon, 07 Apr 2008 15:20:00 EST

Many people are considered "cheap" if they pursue bargains or seek out the most economical sources in town for products or services. Yet, when people need advice on where to shop because of an unexpected major purchase or financial emergency, they run to the "cheapskates." Why? Because they see the wisdom of saving every possible dollar in order to use it for more productive ways. The following list of money saving tips is not meant to be exhaustive, but it does represent ideas our family has used in order to allocate our resources efficiently and accomplish our financial priorities. Buy used, especially for major purchases. Contrary to popular belief, buying used is not risky and does not take a lot of expertise. It does take planning and a little bit of elbow grease. A few years ago, we needed to buy a refrigerator. New refrigerators at that time cost about $750, way more than we had in cash after purchasing our first home. We decided... [[ Click Title For...

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Biblical perspective on bankruptcy

Wed, 19 Mar 2008 08:27:00 EST

Sadly, for all kinds of reasons, people are declaring bankruptcy in record numbers. This year, one out of every 70 households will go bankrupt. If this trend were to continue, it means that during the next ten years, one of every seven households in the U.S. would declare bankruptcy. People used to avoid bankruptcy if at all possible because of the stigma of financial failure. Today, however, it has become more socially acceptable and people are filing for it in droves. God's Perspective on Bankruptcy The Bible never prohibits bankruptcy, but it does discourage it. Psalm 37:21 reads, “The wicked borrow and do not repay, but the righteous give generously.” We should make every effort to avoid bankruptcy. However, we believe bankruptcy to be permissible for the following reasons. A creditor forces the borrower into bankruptcy. The borrower experiences such extreme financial difficulties... [[ Click Title For More ]]

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