Compass » Money Wise

Our Struggling Military – Howard Dayton and Steve Moore address the common financial challenges facing military families today. Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "I am upside down on a couple of properties. Is there any way for me to refinance my loan?" "How do you budget on an irregular income?" "I purchased a term life policy 20 years ago and converted it to a universal life policy. I can no longer afford it, but we need life insurance. What are my options?" "We have a budget, but my husband has not been faithful in adhering to it. How should I handle this?" 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!

Helping the Poor--Balcony People – Who are "balcony people" and what does God's Word say about them? Howard Dayton and Steve Moore explain. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: Is there a way to get my student loan paid off faster? Should we purchase a house now or stay where we are and continue to save? How do I remain patient and trust in God while waiting to find employment? 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!

Time for a Career Assessment – Howard Dayton and Steve Moore discuss the importance of matching your career with your God-given gifts. Next, they answer questions at  (800) 525-7000 and MoneyWise@Compass1.org about the following: Are there any Biblical guidelines regarding working away from your family in order to support them? My home is mostly paid off, but the balance that remains is at a high interest rate. Should I try to refinance now? I have $5,000 to apply to debt. What should I apply that to? 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!

Economic Review (with Ken Frenke) – Howard Dayton and Steve Moore welcome financial planner, Ken Frenke (frenke.com), to the program to help us navigate the uncertain days ahead. Together, they take an honest look at our debt-driven economy and encourage us to take a biblical approach to our personal finances. Then, Steve and Howard answer this question from a listener (800-525-7000 and MoneyWise@Compass1.org): "What do you think about putting money into a life insurance policy to avoid inheritance taxes?" Mentioned on today's program was the 'Financial Stewardship Bible'.  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!

Time for Pre-Marital Counseling – Howard Dayton and Steve Moore cover a 'laundry list' of financial preparations to get your marriage off to a good start. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "We're debt free and looking to purchase a summer cottage - would it be wiser to borrow the money at low interest OR liquidate some securities we're about to inherit?" "Can you recommend any home-based businesses?" "We're considering moving abroad in 2-3 years - is it worth refinancing?" (Howard recommended checking out BankRate.com and HUD.gov) Mentioned on today's program was Howard's book, 'Money and Marriage God's Way', as well as several Compass books for children and teens: 'The ABC's of Handling Money God's Way', 'The Secret of Handling Money God's Way' and 'The New Bicycle'.  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!

The Next Fiscal Cliff – Howard Dayton and Steve Moore give a sober reminder that the U.S. economy is still not on a good track, and that God's people need to stay focused on saving, getting out of debt, being generous - and encouraging others to do the same. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "I'm concerned that my long -term investments are not growing - should I make a change?" (Howard recommended the caller check out SoundMindInvesting.com)) "Should I tithe on child support?" "I'm looking to join the military in a few months - where can I invest while away?" Mentioned on today's program was was the Compass Map, the small-group study, 'Navigating Your Finances God's Way' and Howard's book, 'Your Money Counts'. 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!

Don't Ignore Financial Problems  – Howard Dayton and Steve Moore reveal the importance of proactively addressing financial problems. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "My mother wants to refinance her condominium, but has been unable to do so. What are her options?" "I have an annuity with a payment of $50,000 due in a few years. Should I sell my annuity now?" "Should I invest in my 401k or buy life insurance first?" "I want to use savings to pay off credit card debt, but my spouse doesn't want to do that. What should we do?" 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!

Star Wars Money Lessons – Howard Dayton and Steve Moore reveal what the Star Wars movies can teach you about Biblical money management. Then they answer questions at (800) 525-7000 and MoneyWise@Compass1.org: Would it be wrong to use debt to invest in rental properties? What is the best way to invest $10,000 over a 3-year period before we head into mission field? I am $15,000 in debt, and I am wondering if there is a way to consolidate the debt? 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!

Having a Surplus – Howard Dayton and Steve Moore discuss how to handle your money Biblically when the Lord blesses you with a surplus. Then they answer questions at (800) 525-7000 and MoneyWise@Compass1.org: Are we obligated to tithe on per diem funds? We are in debt and I'm wondering if I should sell my house. Should we co-sign for our daughter's student loan? Mentioned on today's program was the Compass Map. 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! 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!

Heartbreaking Phone Calls? – God's word gives clear direction in many financial areas. Howard Dayton and Steve Moore remind us that not heeding that counsel can lead to real heartbreak. Then they answer questions at (800) 525-7000 and MoneyWise@Compass1.org: "I'm putting everything I can into paying down a Home Equity Line of Credit - do you think this is wise?" (Howard recommended the caller check out BankRate.com) "We're newlyweds and think we may end up on the mission field - where would saving for a home fit into that?" "My husband is out of work and I'm working full time - do you have any ideas for generating more income?" "What should I consider before borrowing to buy a start-up business?" "I'd like to purchase some rental homes without going into debt - what do you think about pulling money out of my IRA? Mentioned on today's program was the Compass Map. 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!

Slow and Steady Wins the Race (with  Mark Biller of Sound Mind Investing) – Howard Dayton and Steve Moore welcome mutual fund investing expert, Mark Biller, to discuss the benefits of consistent, long-term investing. Together, they answer questions from listeners at (800) 525-7000 and MoneyWise@Compass1.org: "As a recent college grad, how do I get started in long-term investing?" "What do you think about using life insurance as an investment tool?" (Mark Biller recommended checking out ImpartialInsuranceAdvisor.com) "My company-sponsored retirement plan is not performing well - should I make some changes?" "Should I re-finance even though I may be moving in a year or so?" Mentioned on today's program was the 'Sound Mind Investing Handbook'. 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!

Our #1 Fear – Howard Dayton and Steve Moore examine how God's word can help us face our financial fears. Then they answer questions at (800) 525-7000 and MoneyWise@Compass1.org: "How do I prepare myself financially for an impending divorce?" "What do you think of pre-nuptial agreements?" "Our marriage of 13 years needs to see significant financial change - where do we begin?" "Can (and should) I pull money out of my IRA to pay off a large business loan?" "What do you think of taking out a small business loan to start a restaurant?" Mentioned on today's program were Howard's books, 'Your Money Counts' and 'Free and Clear', as well as the Compass Map.  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!

Money Fights  – God wants money issues in your marriage to be 'glue', not a 'wedge'. Howard Dayton and Steve Moore tell you how to make that a reality, today on MoneyWise.  Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "My income and my home value have both dropped - can I still re-finance?" (Howard recommended checking out the HARP 2 program atMakingHomeAffordable.gov, as well as BankRate.com) "I'm a teacher - what's the best way for me to pay for a master's program?" "Will I save money by paying my mortgage 'bi-weekly'?" "How does one determine if a trust is better than a will?" "Does the Bible say that God is in charge of job promotions?" "Is there any way to get out of an auto lease?" Mentioned on today's program was the 'Set Your House in Order' Bible Study, as well as Howard's book, 'Money and Marriage God's Way' (also available as a small-group study). 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!

Are You Counting on Your Pension? – Howard Dayton and Steve Moore discuss whether or not you can truly rely upon your pension being there when you retire. Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "How long must we wait after a foreclosure before trying to buy another home?" "I'm concerned about my tax dollars paying for abortion. What do you think about that?" "Should I buy life insurance at this point in my life?" 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!

Are You Too Busy? – Howard Dayton and Steve Moore explain why effective money management often depends upon effective time management. Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "What questions should be asked a family financial planning session?" "We are upside down on a vehicle. Should we allow it to be repossessed?" "Should I try to turn my annuity into a Roth IRA?" 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!