Summary: Preparing for financial emergencies – Howard Dayton and Steve Moore reveal the simple definition of a "financial emergency" and offer tips to help prevent a financial crisis. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: Does it make sense to refinance my mortgage despite high closing costs? Should I pay for adequate health ins or forgo that cost to pay off debt? I cannot enter into short-sale process while current on my mortgage. What should I 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!
