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Financial Dictionary

A – B – C – D – E – F – G – H – I – J – K – L – M – N – O – P – Q – R – S – T – U – V – W – X – Y – Z A Accounts payable Accounts payable, or AP, represent money […]

Identity Theft

          The most common type of identity theft is in the area of finances. Someone tries to gain financial benefits using another person’s name. This includes getting credit cards, loans, goods and services, and claiming to be someone else. These thieves can acquire your financial in numerous ways- from digging through your trash, accessing old phones […]

Money Q&A

        Bankruptcy Business Children – Teaching to Handle Money God’s Way Communication – Married Couples Setting Goals Cosigning Credit Reports and Scores Creditors – How to Deal With Debt – Auto Debt – Consolidating Loans Debt – Credit Cards Debt – Home Equity Loans Debt – School Loans Gambling and Lotteries Giving – Advantages Giving – Amount […]

August 27, 2012 Money Wise

Lending to Friends  – Howard Dayton and Steve Moore  tell you how to handle a loan request from family or a friend so it doesn’t ruin your relationship. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org:

  • “Can you help me decide whether to go back to school for an advanced degree, or stick with what I’m already doing?”
  • “Is my support of my elderly mom tax-deductible?”
  • ‘What do you think of transferring credit card debt to lower-interest cards in order to accelerate the payoff?’

Mentioned on today’s program was the ‘Set your House in Order’ workbook.  Be sure to check out the Compass website for a complete listing of helpful resources and radio archives.

Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

March 10, 2012 Money Wise Weekend

The Pros and Cons of Using Debit Cards – Howard Dayton and Steve Moore discuss the advantages of using a debit card rather than a credit card.  Howard says that one of the main benefits is that a debit card keeps you from being able to go into debt.  If you don’t have the money in your account, you can’t use the card.  Unfortunately, it doesn’t protect you from overspending.  That’s why you need a spending plan.  Another danger with these cards is that it has become much easier in recent years to steal the information on your debit card.  Once a thief has the info, he or she can wipe out your bank account.   They discuss ways to play it safe and things to watch for when using a debit card.

Next, they answer calls and emails (800-525-7000 or moneywise@compass1.org) about the following:

  • What to do with money received in a divorce settlement
  • When the time is right to own your home rather than renting
  • How to teach children to be grateful for what they’ve received and to become generous givers.  Howard recommends you become an MVP Parent and he explains what that means.  Steve mentions Howard and Bev Dayton’s books for kids, “The ABCs of Handling Money” and “The Secret.”

Today’s resources also include the book,  “Your Money Map ” and the Money Q&A section on our website.  Thanks for your prayers and generous financial support which allow us to keep Money Wise Weekend on-the-air!

February 8, 2012 Money Wise

The Pros and Cons of Using Debit Cards – Howard Dayton and Steve Moore discuss the advantages of using a debit card rather than a credit card.  Howard says that one of the main benefits is that a debit card keeps you from being able to go into debt.  If you don’t have the money in your account, you can’t use the card.  Unfortunately, it doesn’t protect you from overspending.  That’s why you need a spending plan.  Another danger with these cards is that it has become much easier in recent years to steal the information on your debit card.  Once a thief has the info, he or she can wipe out your bank account.   They discuss ways to play it safe and things to watch for when using a debit card.

Next, they answer calls and emails (800-525-7000 or moneywise@compass1.org) about the following:

  • What to do with money received in a divorce settlement
  • When the time is right to own your home rather than renting
  • How to teach children to be grateful for what they’ve received and to become generous givers.  Howard recommends you become an MVP Parent and he explains what that means.  Steve mentions Howard and Bev Dayton’s books for kids, “The ABCs of Handling Money” and “The Secret.”

Today’s resources also include the book,  “Your Money Map ” and the Money Q&A section on our website.  Thanks for your prayers and generous financial support which allow us to keep Money Wise on-the-air!

Spending Plans/ Budgets

The 30 Day Tracking Tool   If you’re getting ready to use a Spending Plan, it’s important to record your income and spending for 30 days to understand what you are actually earning and spending. We recommend that you carry something with you to record your transactions. As an alternative, save your receipts and enter them into the 30 Day […]