Today on MoneyWise, Steve Moore and Rob West offer some practical advice on how to prepare and plan for unexpected weather. Rob references the Compass Money Map and talks about the importace of emergency savings. Next, they answer your questions at (800) 525-7000 and MoneyWise@Compass1.org
about the following:
- We would like to streamline our mortgage. We keep getting calls about this. Is this a good idea?
- A trust was set up in my name when I was younger. Now I am in charge of it and I’m not sure the best way to handle it. Can you offer some advice?
- I received 30K from my parents as a gift for a down payment or to fix the house that we purchased. We still have a good amount of the money. My parents had already paid tithes on that money. Do I need to pay tithes on it as well?
- How much should a person have in savings in comparison to his income?
Be sure to check out our website, Compass1.org, for a number of helpful resources (we’re on Facebook, too: Compass - finances God’s way). And thanks for your prayers and generous financial support which allow us to keep MoneyWise on-the-air!