A Cooperative Effort

Tuesday, January 6, 2015 Being confident of this very thing, that He who has begun a good work in you will complete it until the day of Jesus Christ.—Philippians 1:6 I love that God finishes what He starts. In contrast, I don’t always finish what I start. I will start a project, get all excited […]

Transferring credit card balances

Some of you might be considering transferring credit card balances to a zero percent card or one with a lower APR. Before you transfer the balance, you need to consider the following: The transfer fee. This is usually between 3% to 6%. For how long is the zero percent good. Typically, it’s 15 to 18 months. Consider, […]

Revolver or Transactor

A revolver or a transactor is what credit bureaus are now using to refer to their customers. If you are a revolver, you tend to make charges on your credit card and do not pay the entire balance off on the due date. You keep carrying a balance each month. In essence, you revolve your […]

Earn 13% to 29% interest

During this time with extremely low interest on savings accounts, money market accounts, mutual funds, and other financial instruments, you are hard pressed to earn 13% to 29% interest or more. However, there is one place where you can get these returns. That place is your credit cards. If you are carrying a balance on […]

Teens and credit cards

While many parents might think that getting their teens credit cards is a great idea, extreme caution should be used. If all you want to do is start building your teen’s FICO score, then add him/her to your credit cards. Your credit history will transfer to your teen. However, don’t give him/her a credit card […]

I don’t believe in debt and neither should you!

I don’t believe in debt and neither should you! Debt is the worst thing you can have. It robs you of many things. In the ’70’s, I received an almost full scholarship to attend a private college in California. Even though I did well my first semester, I was extremely homesick. I gave up my […]

Peer to Peer Lending

Peer to peer lending (P2PL), do you know exactly what that is? Until today, I must admit that I had never heard of it. Yes, I have heard of peer-to-peer sharing, which in my mind, for the most part is the illegal sharing of copyrighted material. Anyway back to P2PL, what I found was that […]

The Rule of 72

Unless you have had a finance class or an accounting class, you might not have heard of the Rule of 72. Why is the Rule important? It’s an easy calculation to see when you can double your money. Let me explain how it works. You want to know how long it will take you to […]