MoneyWise Live


20/20 Foresight (on spending)

November 13, 2018

They say hindsight is 20/20 but that’s small comfort when you’re struggling to fix some mistake you’ve made. Too often, these errors involve money and it's money you wish you’d kept in your wallet. Wouldn’t a little foresight be better?  That’s because you never want to ask yourself  “What was I thinking?” Financial planner and teacher Rob West shares a list of things you’re almost certain to regret doing with your money. 

  • The question everyone is wondering - has Rob West ever done something with money that he regretted later, and if so, is he willing to share that with us?
  • With that out of the way, let’s get to the list of things everyone will regret doing with their money.
  • Rob discusses Pay Day Loans, High Interest Loans and the Lottery as examples of what you might regret spending money on.

Next, Rob and Steve answer these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:

  • If your credit score is fluctuating wildly, what could be the cause?
  • If you're out of debt except your mortgage and think you could net about $80,000 if you sold your house, should you consider it?
  • Should you get a credit card for the sole purpose of keeping your credit score up?
  • Is there a benefit to using your savings to pay off your mortgage?
  • If you're looking for a loan to buy a car, how do you avoid hard pulls on your credit report because of multiple lenders running credit reports?
  • If you're looking for a investment professional for investment management, what are the resources for finding one?
  • If your mother-in-law just pass away and there's debt in just her name, is the debt wiped clean?
  • For short-term spikes in expenses, is it OK to postpone tithing?

Be sure to check out our new website at MoneyWiseLive.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.  Thanks for your prayerful and financial support that helps keep MoneyWise Live on the air.  And if you'd like to help, just click the Donate tab at the top of the page.