January 31, 2012 Money Wise




Compass » Money Wise show

Summary: The Compass Money Map: Destination 1 - The journey to True Financial Freedom is just that, a journey.  Howard Dayton and Steve Moore will be discussing the seven destinations on that journey every Tuesday for the next several weeks.  Compass provides a map for your journey, and you can download a copy for free here from the Compass website.  At Destination 1, we're just getting started, and the first steps include: Learning God's way of handling money Start an Emergency Saving Fund with your goal at this destination being to save $1000 (Proverbs 21:20 and 1 Timothy 5:8) Start using a budget or spending plan, and Begin giving. Next, they answer calls and emails (800-525-7000 or moneywise@compass1.org) about the following: What God's Word says about pastors being the sole individual dealing with church funds How a husband and wife should handle paying off credit card debt that is in collection Whether it's wise to take money out of a Roth IRA to pay down a mortgage that is $40k more than the home is worth Whether a church should require individuals who receive ongoing financial assistance to go through a Compass Small Group Study, and The Biblical guidelines for lending to others (Exodus 22:25) Thanks for your prayers and generous financial support which allow us to keep the program on the air!