On this MoneyWise, Rob West and Steve Moore explain the "how, what, when and why" of building margin into your finances. They also offer biblical wisdom on paying down debt as well as stopping credit card companies from harassing you to use their cards.
Next, they answer your questions at (800) 525-7000 and Questions@MoneyWise.org about the following:
- I am a bi-vocational pastor that is about to receive a parsonage. When I do receive the parsonage I will sell my current home and gain $100,000 in equity. What should I do with that money?
- I receive a plethora of credit card applications and I want to know how do I stop receiving these?
- The only interest accumulating debt I have is my mortgage and I feel like I’m at a comfortable level with my savings, should I start putting more toward my mortgage or put the money else where?
- My wife and I purchased a few acres a while back to build a house on, however we found a house with more land elsewhere. The first land we bought was used as a dump and we want to sell it. We wandered if we should wait till I clean it up myself so we can receive more money for it or just go ahead and get rid of it?
Be sure to check out our website at MoneyWise.org. While you’re there, you can connect with a MoneyWise Coach or access our other books and many free helpful resources. If you’re active on social media, you can find us on Facebook (MoneyWise Media) and join the conversation. 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.