Financing And Debt

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money

M Two decades ago, accumulating debt for home mortgages, an automobile, educational costs, and a business was wise.  Things change.

Home ownership was once a source of growing worth, no longer. Fluctuations, downturns, and location conditions may make that a poor choice.

V Financing that car, salespeople tempt with a low monthly cost, spread out over more months than the car will survive.  Education is no longer that guarantee for a job that enables you to pay the debt. Today student loans are the second greatest debt, behind mortgages and more.  Incurring debt to start a business is more complex.

M. It’s biblical to calculate carefully, avoid debt if at all possible.  Delay and save.