MoneyWise Live


Let’s Save Money

August 9, 2018

If having enough money is the issue, you have two options. You can make more or spend less.  On this edition of MoneyWise Live how you go about the latter.

Here are some quick and simple ways to save money -

  • Stop buying stamps and use automatic bill pay with your bank. 
  • Use the small cart at the grocery store.
  • Skip rental car insurance. 
  • Share season tickets. 
  • Donate appreciated stock instead of giving cash.  
  • Shop your auto insurance every three years. 
  • Use ATMs sparingly. 
  • Get your hair done for free at local beauty schools. 
  • Reduce phantom power from things plugged in at your house or business. 
  • Save gas by removing junk from the car trunk. 

Next, Rob and Steve tackle listener questions at 800-525-7000 and via email to Questions@MoneyWiseLive.org on a variety of topics:

  • If your son got a car loan about a year ago, is it better for his credit report to keep paying it normally or can he make early payments without impacting his credit?
  • If you're trying to build emergency fund, can you take funds from your 401(k)?
  • If you and your spouse are both 49, own 2 paid houses and 2 paid cars and only owe about $25000, what is the next step in financial preparation?
  • If you've noticed your 401(k) has lost money in the last few months, should you stop contributing?
  • If you have a rather large student loan and are having trouble paying it off, is some student loan forgiveness a taxable event?
  • If you've recently found that your rental condo is requiring a lot of costly improvements, should you try to sell now or or stay the course?
  • Do credit monitoring companies notify you for events like an application for new credit is submitted or new employment inquiry?
  • What are some good ways to protect yourself against identity theft? 
  • If you're about to sell a rental property because you're having issues with medical bills, what are the possible tax problems that could arise from the sale? 

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.