How to Make a Spending Plan (A.K.A. a Budget)
Howard Dayton and Steve Moore explain step-by-step how to set up a spending plan, and even go over some useful resources to help get the job done including Mint.com. Next they answer questions from listeners at 800-525-7000 and MoneyWise@Compass1.org:
- "When is it time to downsize my business, and how do I do it?"
- "My husband and I are planning to buy a home and are eligible for a VA loan. We have some debt and wonder: is it better to rent or buy at this time?"
- "I'm a truck driver and I just came off disability pay. I currently have no savings and no debt. At age 57, how can I start saving and investing?"
Resources mentioned on today’s program include "Business God's Way", the Hope Now Military Housing Podcast, atHopeNow.com, and SoundMindInvesting.com. 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!
Featured Resources From Faith & Finance
While managing how you spend, save, and give is important, understanding the biblical principles of earning money in work and business is critical, too! The Business God’s Way book will improve your business and your finances. Learn what God says about operating a business and handling money. Business God’s Way is for everyone in business—the CEO or manager of a department, small business or large, prosperous or struggling, whether a business is a startup or well established. Request your copy with your gift of any amount to FaithFi. Your generous donation helps expand our outreach to share God’s financial principles with others.
