Anyone with investments knows that investments go up and they go down. If you invested in resources, with the fall in oil prices, your investment portfolio will be have made a down-turn. It seems that we can’t win in this. Or, we lose on our investments and find the cost of our daily commute goes down.

Recently, the prime lending rate was reduced. This will result in lower borrowing rates for consumers. The down side is that housing prices will most likely increase due to more people getting into the housing market. Whether this helps or hurts you depends upon whether you may be in the market to buy or sell.

Managing personal finances is difficult. There always seems to be more things for us to spend our money on than we earn. Many of us find ourselves in debt, which, in turn, causes increased worry and anxiety. We worry about how to make all our payments, how to finance education for our children and whether we will have enough set aside for retirement.

Did you know that the Bible spells out some important principles about finances and our priorities? You can find out more by reading the booklet Managing Your Finances. It gives practical advice for solving some of the financial challenges many married couples face. It provides some practical ways parents can teach their children how to be responsible financially. It also includes a helpful income and expense worksheet that can help you analyze your monthly cash flow.

Anthony Wasilkoff