The fed funds rate. You hear a lot about it these days. A listener wants to know how a rate increase will impact him and everyone else.
Here are the questions we answer:
- I just read that the Feds are hiking the interest rate and will probably do it again in December. How does this effect the regular Joe?
- What is your recommended strategy for paying off credit cards?
- Should I stop giving to my church to pay off my debt?
And here is this episode’s Money Challenge:
Read the story of the widow gift. This is found in Luke 21:1-4. Consider how, in God’s economy, amount sacrificed always supersedes amount given.