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Faith & Finance

Christian talk radio with Rob West

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Broadcast Episode

January 19, 2021

Buy Now, Pay a Bunch Later

During the Covid crisis, online shopping has increased dramatically. Along with it, there’s been a surge in "buy now, pay later" deals. If you’ve been online shopping, you’ve likely seen them, but is "buy now, pay later" really a good deal? Today, host Rob West and Steve Moore reveal the perils involved with this deal. With buy now, pay later deals, there’s usually a statement saying something along the lines of, "By the way, while you’re not making payments until whenever, we’re adding as much interest as the law allows to your balance, but you won’t see that until your first bill comes in." This means you owe not only the balance but all delayed interest charges as well. Ask yourself, do you have the money to pay off the complete balance in your savings or checking account? Instead of buying things new, go to Goodwill or some other thrift store and buy something decent for much less money. Start saving for the nicer things you really want, discipline yourself to put money away every month. Search your heart for why you feel discontent. Ask God for discernment and peace. Truly trust that God will provide for your needs. Mark 11 says, Therefore I tell you, whatever you ask in prayer, believe that you have received it, and it will be yours. Here are a couple of questions we answered from our callers on today’s program: --I’m 62 years old, will retire at 67. I have two retirement accounts that total $50,000. My son is the beneficiary. Do I need a separate life insurance policy for him? --I have a life insurance policy that’s whole life. If I cancel it out, I’ll receive enough money to pay off my last credit card and be fully debt free. Should I do it? Ask your questions at (800) 525-7000 or email them to [email protected]. Visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources like the MoneyWise app. Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion! Remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

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About Faith & Finance

How does your faith in Jesus influence your daily financial decisions? As believers, our faith must be the foundation of our financial stewardship, which is why we're excited to announce that the MoneyWise radio show is now Faith & Finance. Join Rob West and special guests as they address today’s financial questions with biblical answers. To be a part of the broadcast, call 1 (800) 525-7000 or you can email your questions to: [email protected]

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Are you storing up treasures on earth, or in heaven? Are you focused on the temporal, or the eternal? Jesus makes it clear in Matthew 6 that our hearts will always follow what we treasure. So, was he talking about money? On today's Faith & Finance Live, host Rob West will welcome Chad Clark to share some of his insights about this passage from the Sermon on the Mount. Then Rob will take your calls and answer various financial questions.  See omnystudio. com/listener for privacy information.

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Thursday, May 23

Speaking Up for Shareholders

From Jeremiah 29:7, we know God's people should seek the welfare of the people and places around them. But is seeking the welfare of our community something Christians can pursue by means of their investing choices? On today's Faith & Finance Live, Chris Meyer will join Rob West with a look at how shareholder advocacy works, and how you can affect change through your investments. Then Rob will answer your calls on various financial topics.

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Wednesday, May 22

Responsible Savings

Statistics show that many people aren’t saving for retirement. Others may have far more than enough. So, how can we find the right balance? On today's Faith & Finance Live, host Rob West will welcome Brian Holtz to share what Scripture has to say about responsible savings. Then Rob will answer your questions on different financial topics.  See omnystudio. com/listener for privacy information.

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Broadcast Episode

Tuesday, May 21

Lessons from Today’s Retirees

Inadequate savings, faulty assumptions, and high inflation could create barriers to a comfortable retirement. So, what can we learn from recent retirees about how to avoid these pitfalls? On today's Faith & Finance Live, host Rob West will welcome Matt Bell to share some lessons from today’s retirees. Then, Rob will answer your calls about finances. See omnystudio. com/listener for privacy information.

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