Studies show Payday Lending is a vicious cycle

A simple zip code search of where majority (if not all) payday loan businesses are physically located will tell you the communities they are attempting to “serve”. Payday loans are basically a two-week advance on your paycheck (if you get paid twice a month/bi-weekly). After further review, I discovered the havoc these loans play on monthly earners over and above the bi-weekly earner. The rules on payday lending differ for them- they ...

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Why YOU may be your biggest financial problem

Personal finance is 80 percent behavior. How you act with or feel about money is your biggest issue, not money itself. I am not discounting the fact that we need money to operate in society, but simply having more money does not solve your financial issues long term. Multiple studies of lottery winners will tell you that. As an article in the Huffington Post states, "five years down the line, there were almost no meaningful differences ...

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The Struggle Between Giving and Surviving

As a financial educator and speaker I am asked all sorts of questions: How do I start a budget? Why do I need to cut up my credit cards? Do you really think I earn enough to be debt free? There is one question I'm rarely asked in a public setting, but I know many in our churches think about: How do I resolve the struggle of giving properly or surviving? How do church members reconcile giving or paying their house note? Giving or ...

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