Summary: Who Needs a Budget? – A budget is a plan for how you're going to spend your money. Today on MoneyWise, Howard Dayton and Steve Moore tell you how use a budget to set healthy boundaries in your financial life and create healthy communication in your marriage. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "We're in great financial shape and thinking of investing in rental property as a long-term investment - any advice?" "I'd like to get my mom's name of my student loan, but my payment has been late many times and that's making it difficult'"' "How do I check out the legitimacy and efficiency of non-profit organizations?" "I live on a very limited income, but need a car - what are my options?" "What's the difference between faith and presumption when preparing next year's church budget?" "What's the best way to make a will?" "What is automobile 'GAP" insurance and do I need it?" Mentioned on today's program was the Compass Map and Howard's companion book, 'Your Money Map'. Be sure to check out the Compass website for a complete listing of helpful resources, radio archives and calculators. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!
