Home >Articles

Category: Credit and Debt

Why Credit Cards Trump Debit Cards

For many years, popular personal finance teaching, especially in churches, has steered people away from credit cards and toward debit cards. But recent credit and debit card data breaches, such as the massive one
Continue Reading

Paying With Plastic – Safely

Recent large scale thefts of credit- and debit-card information from Target, Michael's, Neiman Marcus, and other retailers have left many people wondering if it is safe to continue paying with plastic. The thefts have also
Continue Reading

Your Credit Report: What You Don’t Know Can Hurt You

Checking your credit report may seem about as exciting as flossing your teeth, but it's essential to your financial health. The information it contains can affect everything from your employability to your insurability.
Continue Reading

Your 10 Most Important Financial Moves for 2014

The end of a year is a natural time to reflect, giving thanks for the good things of the past year and drawing lessons from the bad. In your own finances, what has gone well this year and what hasn't? How would you score
Continue Reading

Avoiding Student Loan Default

Many people are struggling under the weight of their student loans. But with numerous repayment options available, at least for those with federal student loans, there's no reason to default. This article offers guidance
Continue Reading

9 Keys to Buying a Car Without Busting Your Budget

In January 2009, the Wall Street Journal ran an article headlined: "The Hot New Car Is Your Old Car." It was near the bottom of the recession and car sales were hitting new lows as a wave of forced frugality swept the
Continue Reading

Making Sure Your House Doesn’t Own You

During the last recession, many people discovered — all too painfully — that they had stretched too far in pursuit of a central part of the American Dream: home ownership. Today, however, with mortgage rates just off their
Continue Reading

Is a Reverse Mortgage Right For You?

Anyone in or near retirement who has plenty of home equity but not enough income has likely heard the reverse mortgage (RM) sales pitch: "Unlock" some of that equity, taking it tax-free with no obligation to pay it back
Continue Reading

Living With Eternity in View

[The Navigating Your Finances God's Way small group study by Howard Dayton of Compass – finances God's way is designed to "equip people to faithfully apply God's financial principles so they may know Christ more
Continue Reading

Financial Deceptions – Part 1

Often I am asked, "How do we get out of debt and stay out?" My advice is simple but not simplistic. More deception (most of it unintended) is perpetrated by accountants, bankers, business schools, and businessmen
Continue Reading