The rapid stock market decline in early February serves as a stark reminder that downside moves can develop quickly. Long-term investors can ride out such volatility, of course — but what if you’re a retiree relying on
Continue Reading
In light of James 4:13-14, some Christians feel uneasy about engaging in long-term financial planning: “Come now, you who say, ‘Today or tomorrow we will go to such and such a city, and spend a year there and engage in
Continue Reading
Many U.S. adults wish they had done things differently with their finances. That’s the key take-away from a new national survey from the personal finance site, NerdWallet. Specifically, 71% said they have financial
Continue Reading
At Sound Mind Investing, we have written before about the importance of agreeing on a cash flow plan (a.k.a., a budget!) and following it faithfully.
For several years during the late 1980s, my wife Susie and I applied a
Continue Reading
Successful retirement planning requires many steps — estimating how much you’ll need, planning for healthcare costs, managing your portfolio, estate planning, and more. But there’s an essential step that tends to get
Continue Reading
Several years ago, when New York Times personal-finance writer Ron Lieber was furloughed for a few days, he responded in true personal-finance expert fashion. By devoting one of his unpaid days off to taking care of a list
Continue Reading
Of all the things a kid (or we adults, for that matter) can do with money, saving it may be the most boring. Spending, of course, is fun. Investing and giving can be exciting as well. But saving money is all about setting
Continue Reading
[Matthew was a member of the SMI team for 10 years before departing to pursue his passion for fitness. His first book, The Body Tithe Devotional, is designed to encourage Christians through a 90-day fitness or health
Continue Reading
Does the word “budget” still make you cringe? For many, the word conjures up images of a ball and chain strapped to their ankle, a heavy weight putting a drag on their finances and fun.
But people who use a budget usually
Continue Reading
If you’re not crazy about the idea of using a budget, you’re not alone. Many people think of a budget as something you go on like a diet. Or they think of it as being about less — obsessively spending less on everything,
Continue Reading
