MoneyWise | December 2, 2019

The Importance of Being Earnest About Saving

Show Notes

Is there such a thing as a natural born saver? Many folks who save routinely say it’s a habit they had to learn. Saving begins with having the right attitude, one that makes you want to hang on to those hard-earned dollars. All good habits have to start somewhere. On this MoneyWise, Kingdom Advisors President, Rob West, goes into detail on the best ways to break the spending habit and start to save. He offers advice about spending plans and how to stick to them, how to practically start saving and what to save for first, and how to set up and achieve goals in your finances. 

In this episode, we also answer your questions:

  • Is a “Grow Up Plan” a good investment vehicle for my granddaughter? 
  • If you have 3 different 401(k) accounts, should you consider rolling all of them together into one account?
  • If you have a property that is paid for but will begin to impact your finances in probably a year or so, what are some create ways to hold onto that property?
  • If you're the executor of your daughter's estate, need to sell her house valued at $160,000 with $137,000 still outstanding on the mortgage, does this affect your personal taxes?

To ask your questions, call (800) 525-7000 or email them at questions@moneywise.org. Also, visit our website, moneywise.org, where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources. Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. You can help us continue this outreach by clicking the Donate tab at the top of the page.

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