Starting Over Financially

Generosity

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M If you have abundance, how do you decide how and when to help others, especially friends or family?  Are we not providing for our family?  If so, thats wrong. Or are we enabling them to not be productive and spend beyond their means. V Ask this question: what are my expectations of that person?  What impact might this have 3–5 years from now. What impact does it have on their work ethic? M  Sadly I’ve seen a widow help her adult daughter […]

Assisting Others # 2

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money Assisting others financially is worthy of our careful consideration and prayer. Ronald Blue’s resources on financial assistance to others poses these questions. V Am I helping or enabling? ? How responsible is the person with his/her finances?  Do they have a budget or a plan? What is the least favorable, or most favorable, outcome?  Is my response out of guilt or love? M We parents mess up.  Sometimes we try to compensate by handing out.  Folks that does not work.  Its enabling. .  […]

Assisting Others # 1

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M President Abraham Lincoln was asked for some ready money and acknowledged the difficulty.  He proposed that the person go to work ‘tooth and nail.’  He stated that that if he gave hime the $80 he’d be back in debt. The requester had a poor work ethic. V I Timothy 5: 8 says provide for your own.  A family member without, step up. And II Thessalonians 3:10 that says if one does not work, they shall not eat.  Is this contradictory? Not really.  […]

Estate tax

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M The estate tax, whether kept or repealed, does not directly impact many.  Annually this tax is levied on about 5,500 estates. The tax is 40% on $5.5  million per person or almost 11 million per married couple. V Lets consider other options.  Larry Burkett said “do your givin while you’re livin so you’re knowing where it is going.”  Giving appreciated assets while you’re living is a great way to encourage kingdom work and make possible what you value.  .  It is one […]

Tax changes

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M Tax change talk is in the air.  Note ‘in the air,’ not accomplished.  Word is that charitable giving will still be deductible.  Mortgage interest deductions are up for discussion. V We’re not going to predict the outcome.  But as Christ followers we need to remember that Jesus told us to give to Caesar what is his and to God what is His.  Matthew 22:21. Mark 12: 17.  . Most people do tend to give the Caesar part, we have no choice, but […]

Charge card check

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M I recently reviewed my charge card bill and discovered two ‘unknowns.’  Only $27.99 each, but still.  That bill includes a phone number which I called for clarification.  An item I had canceled 3 years ago was ‘auto reinstalled.’  Yes, they removed the charges. V  This happens with “auto renews” that refuses to go away.  Check for subscriptions that were meant to be temporary or cancelled a long time ago M  Take those few minutes to review not just charge card bills, but […]

ATM charges

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M Small matters.  For example, taking money from an ATM machine other than your bank costs about $5.00.  To get $50.00, you pay $55.00.   Thats double the charge  from 10 years ago. V  To avoid that means you need to plan ahead.  Know what cash you’ll need so you aren’t in a rush that costs you.  Think through your weeks’ activities and what the costs will be.  Plan out how much cash you will need in advance. M  Proverbs 21:5 The plans of […]

Budget busters

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M Budget Busters sabotage our best made plans, or at least threaten to.  But you can curb these and reign them in.   V Impulse buys are major budget busters.  Have a list of what you need to buy.  Note the word NEED. Then stick to the list. You can even research what the prices will be and take only that much money with to shop.  Leave the credit cards at home. Another buster- lack of planning.  Last minute items are likely not […]

simpler living 2

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M Simpler living means getting rid of extra stuff.  Scripture says especially be generous with those of the household of faith.  There are ways to do that.  One church has a giant garage sale swap, no charge just swap. V  If you need to get rid of some items, there are several organizations that have resale shops that may support your beliefs. Consider those if you’re are downsizing into a new reality.  Sell on ebay and use those funds for what’s important in […]

simpler living

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M  Life changes are opportunities.  Single again, retirement, work changes, it is a good time to re-evaluate wants and needs. V The things you wanted or needed  before might not be the same in your new reality. Would a smaller living space be easier to navigate?  How about owning and managing less stuff?  You may wan to weigh wants and needs verses the peace  of living in a manageable space with a manageable number of items.  Are there new and different things you […]

Retirement

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M One of life’s big transition stages is retirement.  Looking forward to a change, at least a downshift of the furious work pace. V  In deciding whether you can retire, there are several factors to consider.  If social security is a part of the plan, you can get a full report from the Social Security Administration estimating what your monthly income will be.  Next consider any other income, a pension, part time work?  Then consider your savings and investments. Will that money last?  […]

Rent or own # 2

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M Living space is a big budget item.  But its more than money. Valerie and I are in different life stages.  Stewards not just of space, but taking care of it. That’s important. V Consider your time.  That has a value.   Larger means more upkeep, more cleaning, more tracking cost of insurance and repairs.  We’re talking about time here.  Yes, there are dollar cost.  But time wise, owning means the buck stops with you.   M Living alone means can I manage it […]