Young Love

            Wedding Season is upon us again.    

            It’s a great time of life but it comes with many financial challenges. Some thoughts:

            1. Marriage is the world’s best anti poverty program. Two really can live better, if not cheaper, than one.

            2. Don’t skip the marriage vow. It honors God, honors…

Knowing You are Free

            June 19 is a special day in Texas. On that date in 1865 the slaves in Texas found out that the Civil War had ended and they were set free.


            Abraham Lincoln had given the slaves legal freedom on January 1, 1863 in the Emancipation Proclamation. The war had ended in April when Robert E. Lee and other Southern generals had surrendered. Yet…

Consumer Debt at Record Levels

New data recently released by the Federal Reserve Bank of New York shows that consumer debt has reached levels in 2017.


                Total consumer debt in the first quarter of 2017 was almost $13 trillion, finally surpassing the level of debt in 2008 just prior to the Great Recession. However, the composition of the debt has changed substantially since 2008. Hom…

Married to Debt


              It’s June, the month of wedding bells. Yet many a couple are dragging a load of debt down the aisle with them. Are you marrying the debt when you marry the person?

              Many people think so but the truth is that you are not liable for your spouse’s premarital debts unless you sign on the debt to become liable. However, it st…

Life after Graduation

           Another year, another class graduated.      
            It used to be that students looked forward with anticipation to graduation as the next step in their Journey of Life. Now many look toward graduation with dread because it means that payments must begin on their Student Loans. Those who are unemployed or underemployed graduate into loan default, but…

Summertime Blues

            As Summer approaches people normally begin to think about vacations and travel. But for those on a tight budget vacation dreams often turn into the Summertime Blues.

            If your idea is to take that dream trip around the world type of vacation, you’re probably going to be stuck with the blues. But for the rest of us there are many affordab…

Mom’s Recipe for Financial Freedom

This Sunday we celebrate our mothers and all of the wisdom they tried to impart to us.
Now that we’re grown up perhaps we can use some of that wisdom in our fight for financial freedom. Some things to remember:

1.       “Take out the Trash” –Mom’s subtle way of telling you that nothing good happens without hard work.

2.       “Share with Your Sister” –Giving…

Scamming the Poor

Every year we see a new crop of people who have been robbed by scammers preying on the poor.

            Most scammers target the rich because they have more money. These types of schemes often feature phony investments. Examples include non-existent oil wells, worthless companies, useless inventions, and underwater (literally) real estate. The biggest scam of all time was…

Fixing Your Credit Score

             Solomon said “A good name is more desirable than great riches” (Proverbs 22:1). This is certainly true in the financial realm, where a good name on your credit report can open the way to purchase a car or a good home. Yet, because of life circumstances or poor judgment, many of us have poor credit reports. For example, about 70% of auto buyers have bad…

Toxic Banking Conveniences

              We live in a time when technology has made banking much more convenient. But few people realize the risks that come with the convenience.
             Online banking is a good example. You can pay your bills from your living room. However, a hacker can pay also his bills, from Russia, with your money. It is true that you might be able to recover your…