A double-edged sword cuts both ways as they say. If you look up the definition of that ominous-sounding weapon, it may show a picture of something that you carry in your wallet every day: a credit card! Rob West and Steve Moore discuss the negative impact carrying a credit card balance or making late payments.
Then, they answer your questions at (800) 525-7000 and firstname.lastname@example.org about the following:
- If you've recently become aware of a house available for $20,000, have $1,000 in savings and good credit, should you considering buying the house?
- Would it be a good idea to pay off your aunt's 11 year mortgage and then let her pay you back at a reduced interest rate?
- Is this Stockpile worth looking into?
- If your father passed away last year and you're living with your mother to help her financially, should you rent your vacant home?
Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources. You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air. And if you'd like to help, just go to the website and click the Donate tab at the top of the page.