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Budgeting on a Changing Income

MoneyWise

Christian talk radio with Rob West

September 27, 2018

When you come right down to it, budgeting isnt really complicated. At the end of each month, you spend that months income on paper, and you make sure that your expenditures are less than your income. But what if you dont know how much money youll earn from month to month? Today, Rob West and Steve Moore discuss how to budget on a variable income. Next, they answer your questions at (800) 525-7000 and [email protected] about the following: - I am about to get married. I am going to sell my house before the wedding, and Ill walk away with $175,000. Whats the best way for me to invest that money? -My mom is 91 and is in a nursing home. She doesnt have a lot of money. Her biggest concern is that she wants to have some money left to give to her kids and grandkids. At the rate shes going, her money is going run out. Is there any way to give away the money she has now and let Medicaid pay her medical bills? -We are four months behind on our mortgage, and we have been offered a mortgage release or a short sale. We want to do whats biblical. We cant catch up, so we need to do something. Is a mortgage release the right approach for us? Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

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