{"id":2238,"date":"2025-06-04T20:05:28","date_gmt":"2025-06-04T20:05:28","guid":{"rendered":"https:\/\/truth-talk.org\/wordpress\/?page_id=2238"},"modified":"2025-06-04T20:19:16","modified_gmt":"2025-06-04T20:19:16","slug":"money-tips","status":"publish","type":"page","link":"https:\/\/truth-talk.org\/wordpress\/index.php\/money-tips\/","title":{"rendered":"Money Tips"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><mark>Pay yourself first<\/mark><\/strong>\n<ul class=\"wp-block-list\">\n<li>Save a set amount each and every month (10% is a good rule of thumb), no matter what other financial obligations you have.<\/li>\n\n\n\n<li>If you saved $100 per month for 40 years at 5%, you would have over $150,000.<\/li>\n\n\n\n<li>Have at least 3 months of income saved as an emergency fund so that if something comes up, your set monthly savings is not interrupted.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong><mark>Get out of debt<\/mark><\/strong>\n<ul class=\"wp-block-list\">\n<li>Start by paying off all high interest items which would normally be credit cards.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong><mark>Don\u2019t settle for very low interest<\/mark><\/strong>\n<ul class=\"wp-block-list\">\n<li>In June of 2025 the average bank savings account interest rate was only 0.4% whereas if you did some research you could find a bank savings account yielding 4.4%.<\/li>\n\n\n\n<li>If you saved $100 per month for 40 years at 4.4%, you would have a little over $130,000.<\/li>\n\n\n\n<li>If you saved $100 per month for 40 years at 0.4%, you would have at little over $50,000.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong><mark>Do not buy expensive cash value life insurance policies<\/mark><\/strong>.\n<ul class=\"wp-block-list\">\n<li>Instead buy term life insurance to save many dollars give give you many times more coverage.<\/li>\n\n\n\n<li>For example, a 40 year old female (in 2025) might pay $350 per month for $250,000 of cash value insurance.<\/li>\n\n\n\n<li>For example, a 40 year old female (in 2025) might pay $40 per month for $1,000,000 of cash value insurance.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><mark>You can use credit cards to take advantage of points<\/mark><\/strong>.\n<ul class=\"wp-block-list\">\n<li>But if you do make sure you pay them off every month so that you pay no interest and have zero balances.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong><mark>Start saving as early as you can<\/mark><\/strong>\n<ul class=\"wp-block-list\">\n<li>If you started saving $100 per month at 5% at age 20 and continued to age 60, you would have a little over $150,000.<\/li>\n\n\n\n<li>If you waited to start saving $100 per month at 5% until age 40 and continued to age 60, you would only have a little over $40,000.<\/li>\n\n\n\n<li><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>CAUTION<\/strong> &#8211; Keep your lives free from the love of money and be content with what you have, because God has said, \u201cNever will I leave you; never will I forsake you<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CAUTION &#8211; Keep your lives free from the love of money and be content with what you have, because God has said, \u201cNever will I leave you; never will I forsake you<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_kadence_starter_templates_imported_post":false,"footnotes":""},"class_list":["post-2238","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/truth-talk.org\/wordpress\/index.php\/wp-json\/wp\/v2\/pages\/2238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/truth-talk.org\/wordpress\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/truth-talk.org\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/truth-talk.org\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/truth-talk.org\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=2238"}],"version-history":[{"count":2,"href":"https:\/\/truth-talk.org\/wordpress\/index.php\/wp-json\/wp\/v2\/pages\/2238\/revisions"}],"predecessor-version":[{"id":2243,"href":"https:\/\/truth-talk.org\/wordpress\/index.php\/wp-json\/wp\/v2\/pages\/2238\/revisions\/2243"}],"wp:attachment":[{"href":"https:\/\/truth-talk.org\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=2238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}