MoneyWise Live | December 24, 2018

Christmas Eve: Keep Christ in Christmas

Show Notes

It’s Christmas Eve and you probably still have several items on your “to do” list before tomorrow’s festivities. Have you thought of everything? You think so? But did you remember to keep Christ in your Christmas preparations?  There are a few items you can still add to your list to make the day not just merry but meaningful as well. Rob West fills us in on this MoneyWise Live.

Remember, it’s so easy to get caught up in rush to make Christmas perfect that we forget why we’re celebrating this holiday. And to do that, here are some things that you could add to your “to do” lists even at this late date...not burdens, but perhaps “labors  of love?”  The goal is to reflect the character of Christ in what we do— to be loving and generous— especially toward those who may not yet know him. Here are some ideas:

  • Add Someone to our Christmas gift list — God Himself. 
  • Forgive someone you feel has wronged you. 
  • Promise the Lord that you will spend a given amount of time each day to reading and studying His Word.
  • Adopt a single mom for the holidays.
  • Round up a few of your musical friends and go Christmas caroling at a nursing home or the children’s ward of a nearby hospital. 
  • Send a Christmas email to them to encourage them in their efforts to share the Gospel abroad. If possible, give a gift at the same time.
  • Do you have a friend or family member who doesn’t yet know the Lord? Invite them to attend your Christmas service with you. 

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

  • If you were concerned about a stock market crash and moved an IRA into a cash account still inside the IRA but are now thinking you should move it back into investment, what should you look at?
  • If you were previously employed but stopped your 401(k) contributions when deployed but are now back in civilian work force and have company matching available for 401(k) contributions, should you start contributions back?
  • If you daughter has become eligible for adoption assistance at 15 years of age, what is the best way to invest the funds for her?
  • If you're trying to figure out how much you can contribute to a 30 year mortgage, what is a rule of thumb for this?
  • If you're in a pension plan in the state of Florida have 10 more years of work to go but have heard bad things about other state's pension plans, should you consider switching to the optional retirement plan?
  • If you're recently married and looking at buying a house, should you consider buying the house you're currently renting and possibly become a landlord?
  • If you're trying to balance HSA contributions with retirement contributions, how do you begin to get this under control?
  • How do you go about freezing your credit for free?
  • If you have three different retirement accounts that are also different types -  414(h), 403(b) and a 401(k), should you put them in your current 401(k) or into an IRA?
  • How much should you give your 14 year old daughter as an allowance to teach her how to save money?

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