My 5 for Friday (September 28, 2018)

What can we learn from the economic crash in 2008? What is credit exactly? And is it possible that saving money on some things could actually cost you something?

All these questions and more are answered in this week’s My 5 for Friday.

  1. 10 Years Later: 5 Stewardship Lessons from the “Great Recession” by Chris Cagle. It’s been 10 years since the economic crash in 2008 and Chris Cagle points out five ways we can learn from this time in history and grow as stewards. But most importantly, he reminds us that “there is nothing apart from God and his Word that will last forever. He alone is our rock and our salvation.”
  2. 7 Questions to Ask Before Beginning a Building Project by Craig Thompson. It goes without saying that a building project requires a large investment of resources, including finances and time. So how do you know when it’s the right time to start a project like this? Here, Craig Thompson gives seven helpful questions to ask so you can make a wise investment. Check it out.
  3. When Saving Money Costs You by Todd McMichen. When making a purchase decision, it’s easy to think that the cheapest price tag is the cheapest option. But is that always true? Todd McMichen shows how sometimes cutting corners is going to cost you more money in the long run, so be careful to look at these areas where spending a little more money may actually save you more money in the future.
  4. Conquering Credit by Evan Johnson. What is credit? What leads to a good credit score? What will give someone a bad credit score? What is the criteria for personal loans for students with bad credit? These questions are all answered in Evan Johnson’s explanation of credit that will give you a foundational understanding of what credit is and how it can help, or hurt you.
  5. Ask Chuck: A Biblical Case For Saving Money by Chuck Bentley. Is it biblical to save money? Chuck Bentley points out that “Some think it is disobedient to not trust God to provide for their future, others feel guilty about putting money away when others are in great need, and some just spend everything they have because they don’t have the self-control or knowledge to save.” Check out this post to see, not just the importance, but the biblical basis for saving money.

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