Author Archive
Married Couples and Finances
Finances in Marriage: AMOS 3:3
When it comes to finances do not make the fatal mistake of exalting the increase of math over the increase of agreement. It’s possible for your money to increase and agreement is diminishing. Can your spouse say NO to your idea concerning the money and you guys not fall apart or [...]
Living on Two Incomes:
Living on Two Incomes
When a couple first starts out, they often have two incomes and will set up their household budget based on that combined total. But as soon as the first financial crisis hits and one of those incomes is reduced or even wiped out, everything can fall apart. The solution; couples should make [...]
How to Correctly Claim the Recovery Rebate Credit on your 2008 Return
Below is information that you will deem helpful as you file your 2008 taxes
Source: IRS.Gov (please visit their site for more info on this)
IRS Tax Tip 2009-29
The IRS sent taxpayers nearly 119 million economic stimulus payments last year. When filing a 2008 federal tax return, taxpayers will need to know the amount of their stimulus [...]
Financial Tune-Up for 2009
Greetings:
Now that the shopping is over for the holidays, it’s time to get our goals on paper. There are 5 areas we should concentrate onm for a overall healthy fiajncial state.
1. Pursue a healthy Debt to Income Ratio:
In order to qualify for a mortgage for which the lender requires a debt-to-income ratio of 28/36:
Yearly Gross [...]
Home Phone for less than $40 per year Local & Long Distance
Its Called MAGIC JACK. We are always looking to save a dollar. Zee and I have been using this service for about 4 months now. The kids can call their out-of-state grandparents and relatives as much as their little hands can dial. This is a great way to save money and to save your anytime [...]
20 Ways to Save on Your Utility Bills
Source: DestroyDebt.com
Hi guys I ran across these tips and thought they were great for those of us who like to save. Some of these can be done with very little out of pocket. Others may require a long term plan. Remember our meters are revolving 24 hrs a day, anything to slow it down puts [...]
5 Types of Debt
Debt is defined as any money owed to anyone for anything.
There are 5 different types of debt:
1.Credit Card Debt
2.Consumer Debt
3.Mortgage Debt
4.Investment Debt
5.Business Debt
When using any of these debts always ask these questions:
1.Does it make economic sense?
2.Do my spouse and I have harmony and agreement about taking on this debt?
3.Do I have spiritual peace about entering [...]
First time home buyers tax credit
First-Time Home Buyer Tax Credit at a Glance
The tax credit is available for first-time home buyers only.
The maximum credit amount is $7,500.
The credit is available for homes purchased on or after April 9, 2008 and before
July 1, 2009.
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the [...]
Credit Scoring formula has changes
Fair Isaac Announces Changes to its Credit Scoring Formula
The credit scoring system is being modified yet again as Fair Isaac Corporation, developer of the FICO credit score rolls out a new model dubbed FICO 08. The third formula “upgrade” that Fair Isaac has released since inception, it’s hard to predict how long it will be [...]
The 4 to 5 things that should happen to your check before you pay your bills?
I was thinking today and wanted to share with everyone a major key to financial progression. In order for a persons finances to experience a steady growth trend, I believe there are 5 prerequisites that should be met before ANY bills are paid.
1. Tithes (10% of monthly income)
2. Pay Taxes
3.Investments (401K,Stocks,Education Funds, Roth IRA etc..)
4.Savings [...]