Steve Moore and Rob West give out a financial literacy quiz to test listeners on their financial knowledge. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

- My husband and I are both 24. We have 2 children and are debt free. We are about to take in my husband's two younger siblings and grandmother. How can we do this without using credit?

- What is the best way to tithe on rental income?

Be sure to click the link above to check out our website (Compass1.org) to connect with a Compass Coach or access our books, videos, or any of our free helpful resources. You can also find us on Facebook (Compass - finances God's way) and get notifications about our weekly Facebook Live events. 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.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Many Americans have been thankful to simply have a job in recent years and may be reluctant to ask for a raise. However, sometimes it's appropriate or even necessary to ask for a well deserved pay raise. Today Rob West and Steve Moore offer insight on the best way to ask your employer for a raise.

Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

- How can a person in their 60's pay for a graduate degree?

- What can a 78-year-old person on a fixed income do to create additional income?

- Does it make sense to pay off a loan balance on a credit card temporarily?

Mentioned on today's program: Howard Dayton's book: Free and Clear and the Compass Piggy Bank

Also mentioned: LauraPetherbridge.com

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!

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

One of the quickest ways to bust your budget is shelling out for a costly household repair, especially if you haven't been setting money aside for those inevitable expense. But did you know that labor is the biggest part of many home repair bills? Today Rob West and Steve Moore share tips to help you save big money on simple DIY projects.

Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

- How can a blended family better communicate to achieve unity on financial issues?

- What can you do to get out of a long-distance property with upside down equity?

- What is the best way for a self-employed person to invest for retirement?

Mentioned on today's program: Compass audio books and the Compass Money Map

Also mentioned: LauraPetherbridge.com

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!

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

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 [email protected] 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!

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Steve Moore and Rob West talk with Howard Dayton about the friend who introduced Howard to God’s principles for money. Howard shares why he’s so passionate about God’s people knowing what the Bible says about money. Plus, Howard gives an update on his wife’s health. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

- We have had several financial setbacks, including a flooded rental house and unemployment. Do you have an advice on how to get ahead?

- We’re a part of a small church and frequently face budget shortfalls. When we don’t have enough money, should we pay our pastor first? Or should we pay our missionary obligations?

Be sure to click the link above to check out our website (Compass1.org) to connect with a Compass Coach or access our books, videos, or any of our free helpful resources. You can also find us on Facebook (Compass - finances God's way) and get notifications about our weekly Facebook Live events. 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.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Today on MoneyWise, Steve Moore and Rob West speak about celebrating on the road to financial freedom. They touch on the Biblical principles of why being financially free is so important. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

- We have a small church of about 75 members. Our budget is 80-90K a year. We have been receiving anonymous donations of about 30K or more for a couple years. We have about 250K in the church bank account and we are not sure what to do with this money. How much should we give away? We are looking for guidance and Biblical principles of how to be the best stewards of this money.

-When it comes to paying down debt, is it better to pay down debt or build a working capital. I am in sales and am starting a small farm. Should I be building up working capital for my business or paying down my family’s debt?

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!

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Steve Moore and Rob West answer a listener email question and offer Biblical advice on how to meet the needs of others. Rob and Steve unpack 1 Timothy 5 in regards to this subject. Next, they answer two questions from boys who are interested in saving and investing starting at an early age:

- I have about $611 and I would like to buy peacocks. They cost $175. Is this a good idea?

- My son is 11 years old. He has been saving his money for a while and has about $1000 saved. I would like to put it in a savings account for him. Where is the best place to invest it?

Be sure to click the link above to check out our website (Compass1.org) to connect with a Compass Coach or access our books, videos, or any of our free helpful resources. You can also find us on Facebook (Compass - finances God's way) and get notifications about our weekly Facebook Live events. 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.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Steve Moore and Rob West explain how best to pay off old debts without causing undue damage to your credit rating. Paying off old debts in the wrong order can actually hurt your score. Here's what they suggest:

1. Pay off any debts that are simply past-due first. Making them "current" will automatically improve your credit score.

2. If a debt has been written off and you still want to heed the Biblical admonition to pay back what you owe, it may be better to save up until you have enough to pay it off in full rather than making payments along the way. Making payments could make the debt show up as new on your credit report which would lower your score further in the short term. Paying it off in full would not do this.

3. It's perfectly acceptable to agree to a lower settlement if the creditor offers it, but understand that doing so may lower your credit score in the short term. There may also be tax consequences.

4. Learn from your mistakes and don't repeat them. Set up a spending plan and don't spend money when it's not in your budget. Also have a long-term plan for your finances. Goals make it easier to follow the plan and stay on track.

Next, Steve and Rob answer your questions at (800) 525-7000 and [email protected] about the following:

- Should I give money to a person who often stands outside of our church with as a sign that says she needs help?

- What is the wisest way to help an adult child with renovating their home?

- What is the best way to finance building a garage/shop onto a house?

- We paid off our mortgage recently and, since then, our credit score has plummeted. Can paying off your mortgage really have that great an effect on your score?

Mentioned on today's program: Howard Dayton's book Your Money Counts. Be sure to check out our website, Compass1.org, for a number of helpful resources. Also, join us on Facebook: Compass - finances God’s way. And thanks for your prayers and generous financial support which allow us to keep MoneyWise on-the-air!

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

We've all said the words "there aren't enough hours in the day" at one time or another. But we all get the same 24 hours each day, which means how we spend them is determined by our priorities. So ... are you too busy for God? Today Rob West and Steve Moore discuss the challenges we all face when it comes to making time for the most important things in life.

Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

- When does it make sense to liquidate rental properties to minimize debt?

- What is the best way to minimize expenses later in life ... and how can you get out of a reverse mortgage?

- Is a credit card that offers rewards in the form of airline miles (but charges an annual fee) a good idea?

Mentioned on today's program: The Navigating Your Finances God's Way study

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!

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Steve Moore and Rob West are joined by Mark Biller from Sound Mind Investing to discuss long term investing. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

- I recently retired at 60 years old and have $23k in savings. What is the best avenue to take to make the most of this money?

- We have a balance on our mortgage of around 16k. We should be able to pay this off in about two years. My husband intends to retire in December of 2018. He would like me to use the deferred comp money that I have to pay off the balance on the mortgage. I would like that money to be used for emergencies or to pass on to our children. Do you have advice for us?

Mentioned on today's program: Sound Mind Investing Handbook

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!

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29