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Friday Finance Round Up – “I’m Still Here” Edition

October 30, 2009

Photo Credit: allforblue

Yes, I’m still here, alive and doing well. 

I haven’t posted in a while, but I do have a valid reason

I’ve been working behind the scenes on a brand new Redeeming Riches site with a complete redesign!

The scheduled launch is Monday – barring any major obstacles!  I’m really excited to get back to providing content on a regular basis on a whole new platform. 

Keep your eye out for the new Redeeming Riches on Monday. 

As for now, here is a round-up of this week’s can’t miss content from around the web!

52 Ways to Make Extra Money – PT Money

Phil provides a link to his most popular post in a downloadable e-book format.

Personal Finance Doesn’t Absolve Personal Responsibility - FiscalGeek

Paul describes the faulty views that’s so easy to fall prey to including blaming others for our financial mess.  Realizing that personal finance is our responsibility goes a long way in getting the focus off of others and back on ourselves so we can do the things necessary to get ahead.

How Much Interest am I Paying on Debt Each Month – Debt Free Adventure

What’s cool about Matt Jabs is that he is willing to open up his financial situation to you and give you an inside look at the progress he’s making.  It’s motivating and inspirational to see his commitment to get out of debt and get in control of his personal finances.

Elements of a Financial Check Up – Personal Dividends

Check ups are vital for your physical health to spot any problems before they turn into major issues.  They also serve your financial health well also.  Miranda shares some tips on things to keep in mind for your regular check ups.

Have a great weekend and I hope to see you at the NEW Redeeming Riches on Monday!!

Why You Need a Larger View of Your Money (And So Do I)!

October 19, 2009

Photo Credit: Thomas Reichart

This past weekend at my church, my pastor, Steve Dewitt,  passed on some spiritual lessons he learned while on a recent trip to China.

He shared a story of a conversation he had with a pastor of an underground Christian church.

Steve asked this man about the persecution for being caught as a Christian in China – the pastor responded with joy as he mentioned it’s not as bad as it used to be.  He said:

Not long ago, you would’ve been sent to prison for the rest of your life, but now it’s only for a year or two!

Sent to prison for being a Christian for a year or two?  It’s not as bad as it used to be?

As a Christian living in America – the land of the free – I cannot fathom what worshipping in secret for fear of being caught would be like.

I’m thankful for all the freedoms we have here in America; but there is one major thing to note about these Chinese Christians – they have real, authentic passion for Jesus Christ that is lacking in many of us here in North America.

You can’t worship God without passion if there is the realistic possibility that you’ll be thrown in prison for your faith!  

What This Has to Do With Money

Chinese Christians are generally poor – yet they are passionate, generous and faithful.

In fact, Steve mentioned one person he met there whose annual salary is about what you or I would pay for our cell phones in a year! 

All too often we (I) get consumed with our (my) own personal finances that I forget about the grander scheme of things :

- there are others who are getting thrown into prison because they are Christians.

- there are others in the world and even in my community who are without proper food, clothing and shelter.

- there are others, who despite having only some – or even none – of the luxuries that I have, are passionate for Jesus and who find their greatest joy in Him and not in material possessions.

I know what I need – and perhaps you do too – I need a shift in perspective!

I need to realize that my village is small, God is big and He’s doing mighty works for the gospel.

I need to realize that I am the one who is poor, not the Chinese Christians.

It’s not all about me – it’s all about Him!

I pray that God would transform our hearts so that we have a larger view of our money and can therefore be more generous, more faithful, more passionate, receive more joy and ultimately bring greater glory to Him!

Friday Finance Round Up – October 16, 2009

October 16, 2009

If you haven’t yet, consider staying current with Redeeming Riches by receiving my posts FREE through email or RSS Feeds here.  Also, follow me on Twitter here.

Photo Credit: Daisy Sue

Friday Finance Round Up is a weekly post that includes interesting articles and blog posts on money found during the week from across the web.

1. How God Worked in the Life Of One Debt Free Blogger: A Testimonial – Bible Money Matters

Awesome story of freedom from debt and sin from former atheist Brad Chafee who runs the Enemy of Debt blog.

 

2. Roth Mania – JoeTaxpayer

Joe takes a look at the Roth IRA conversion hype that’s been going around.  I, for one, am a big fan of Roth IRAs, but I agree there has been over hyping going on.

 

3. Dow Jones Hits 10,000 – So What? – Financial Highway

What a week for the markets!  Ray takes a look at whether the Dow hitting 10,000 is merely a psychological boost or if it has any significance in this market recovery.  

 

This Week’s Links

  • 7 Ways to Make Your Money Go Further was included in Lazy Man and Money‘s Personal Finance Links

 

 

  • How to Protect Your Important Documents was included in Christian PF‘s interesting links for the week.

How to Protect Your Important Documents

October 12, 2009

If you haven’t yet, consider staying current with Redeeming Riches by receiving my posts FREE through email or RSS Feeds here.  Also, follow me on Twitter here.

 

 

This is a guest post from Jay Scott over at jinij.com the personal finance for dummies blog.

 Photo Credit: William Hook

 

Wouldn’t you agree it’s easy to forget the simple things in personal finance?

Many of us spend a lot of time keeping our finances in order, making sure we have enough saved for retirement, sacrificing to keep our budget on track and working hard to make a comfortable life for our families.

But sometimes we forget to do the obvious and protect the valuable papers we work so hard to acquire.

Unfortunately, a disaster can happen any time and destroy many of the things we’ve worked hard for.  It can happen to anyone so we should be ready at all times.

It is a real part of life and many families end up in all kinds of legal battles because important papers got burned or washed away.

If you do not already have your records in a safe place you should make it a priority to safeguard them from disaster.

You will have enough on your mind trying to find a safe place for your family after a disaster; knowing your finances are still in good order will give you less to worry about.

It will be much easier to deal with the insurance company if you have copies of your insurance documents.

Here is a list of things you can do to help prevent the loss of important financial records:

Have Copies of important documents:

Fire, flood, theft and just plain mistakes can cause untold damage to your financial records. Having copies in your home and keeping the originals in a safe place can save you from a huge headache.

Make sure you state clearly on the copies that they are copies and not the originals and also note where the originals can be found. It is also recommended when making the copies to do so with the staples intact to preserve validity of the originals.

Protection from natural disasters:

Another precaution is to safeguard the papers you have to keep at home, to protect them from the elements.

A fire retardant safe is a great investment and can be purchased at any office supply store for around $50.

You should keep your important documents such as Insurance cards, Birth Certificates, Social Security Cards, tax papers and anything else of importance.

Digitizing and storing:

With today’s technology you can store digital copies of your documents on CDs, thumb drives and other portable digital storage devices.

You can even store not-so important documents on your personal area of Google documents. This is a great way to keep your finances organized and will make it very easy for you to make copies when you need to.

There are even web based personal financial managers such as mint.com that tracks and stores your financial information automatically.

With a little effort we can take some preventive measures to protect ourselves.

It may take some time to get it all done, but compared to the years it might take to get it all back in order, that time is insignificant.

We all hope for the best, but being prepared for the worst can save you time and money after a disaster.

Friday Finance Round Up – October 9, 2009

October 9, 2009

If you haven’t yet, consider staying current with Redeeming Riches by receiving my posts FREE through email or RSS Feeds here.  Also, follow me on Twitter here.

 

Friday Finance Round Up is a weekly post that includes interesting articles and blog posts on money found during the week from across the web.

The US Government’s Credit Score – Loans and Credit

This is a scary look at what Uncle Sam’s credit score would look like if we could rate it!

 

Investing and Money Rules of Thumb – Financial Highway

Great post by Financial Highway for those looking for some rules of thumb to start out with.

 

10 Attributes of the Perpetually Broke – Bible Money Matters

Pete offers some telling signs of those who always seem to be having financial difficulty.  The last one was particularly insightful.

 

Weekly Links

This past week was a good one for links.  Here’s a look at what went on:

 

 

 

 

Be sure to follow me through email, RSS Feeds here and on  Twitter here.

Saving Your Finances in 50 Words or Less

October 8, 2009

If you haven’t yet, consider staying current with Redeeming Riches by receiving my posts FREE through email or RSS Feeds here.  Also, follow me on Twitter here.

 

Sometimes less is more!

Think about it.

What are your greatest memories?

For me, the most memorable times are ones with people I love and enjoy spending time with.

Perhaps it’s time to simplify.

Spend less money on toys and gadgets and spend more time with friends and family.

Thoughts?

7 Ways to Make Your Money Go Further

October 7, 2009

If you haven’t yet, consider staying current with Redeeming Riches by receiving my posts FREE through email or RSS Feeds here.  Also, follow me on Twitter here.

 

Thanks to Anthony Halligan for providing this guest post on money saving. Anthony is an experienced finance writer with years of industry experience and has recently began to specialise in debt and money saving.

 

Most of us work extremely hard for our money, yet the way in which we go about spending it suggests it’s not really all that valuable to us at all.

Whether we’re buying insurance without considering the best deal or leaving the lights on in the house, we are literally giving away our hard earned money.

What I would like to do in this post is highlight some of the easiest ways you can make your money go further and work harder for you:

1.  Re-examine your mortgage deal.

Buying a house is generally the single biggest purchase someone will ever make. If you are not in a position to finance it yourself (like most people) then you must make sure you get the right mortgage deal.

There are literally thousands of deals to choose from, all having different advantages and disadvantages. Taking the time to read the small print and double check there isn’t a better deal available can easily save you thousands of dollars, not bad for a little bit of research.

2.  Avoid automatic renewals

Whether it’s your health insurance, car insurance or something else that renews annually, never accept the automatic renewal quote.

Appealing to your laziness is the oldest trick in the book and many times the new price is not competitive, so at the very least check the quote before you accept it. .

3. Cancel unused memberships

I am mainly referring to gym memberships, yet this applies to any subscriptions that you simply aren’t getting the most of.

Don’t kid yourself by saying you will go to the gym when you won’t.  The $60 a month is better off in your pocket than in theirs.

Other common ones are magazine subscriptions and DVD rental memberships.

4. Shop online

Online shopping has revolutionized the way we buy our goods and services and there are deals to be had on everything.

Businesses can afford to offer you discounts because overheads on their online business models are so low.  Always search the internet first before you buy.

5.  Buy groceries from a list

If you don’t buy your groceries online, make sure you make a list prior to shopping for your goods and stick to it.

Everything in a supermarket is designed to make you buy more, from expert product placement to the smells following you around. The only way to conquer this is to make a list and stay focused on it, all the way to the checkout.

It may also be a good idea to go on a full stomach – shopping when hungry is a recipe for disaster.

6. Conserve your fuel

Nearly everyone will be guilty of using the car to get around when we could quite easily walk or even bike and save money in the process.

Other ways you can reduce fuel consumption include removing unnecessary weight (such as a roof rack), service your car (which is said to double efficiency) and avoid driving at high speeds.

7. Monitor your spending

This is a tip that will almost certainly save you money and may even shock you a little. By writing down everything you spend through the month, you will have a clear picture as to where you are wasting your money.

Most people find that they are spending far more on coffee and car parking than they thought and they are able to reign it in a bit.

Whether you use any of the tips in this post or not, make sure you are always in control of your money. You should know exactly how much you have in your account at any given time and you should also know when all your payments are due to avoid any unexpected and unwanted credit.

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