Thursday, September 3, 2015
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Lost & Found


VideoLost: Shih Tzu, male, golden brown, from C.R. 320 in Floresville. If you have any information call 210-452-1829 or 832-292-3305.

VideoFound: Male dog in Eagle Creek, with collar no tags, clean and healthy, very friendly, non aggressive. Call if he's yours, 210-844-1951. 
Lost: Small black/white tortoise shell cat, 1-1/2 years old, Aug. 8, Country Hills area, La Vernia, friendly, "Cinnamon" but responds to "Kitty," rhinestone collar w/bell, shots, spayed. Reward! 210-725-8082.
More Lost & Found ads ›

Help Wanted

F&W Electrical is now hiring journeyman, backhoe operators, and laborers. Apply at 6880 U.S. Hwy. 181 N., Floresville, Monday-Friday, 8-5. 830-393-0083. EOE.
Warning: While most advertisers are reputable, some are not. Unfortunately the Wilson County News cannot guarantee the products or services of those who buy advertising space in our pages. We urge our readers to use great care, and when in doubt, contact the San Antonio Better Business Bureau, 210-828-9441, BEFORE spending money. If you feel you have been the victim of fraud, contact the Consumer Protection Office of the Attorney General in Austin, 512-463-2070.
More Help Wanted ads ›

Featured Videos





Video Vault ›
RE/MAX homeTNMCRichardson Chevrolet home
You’ve been granted free access to this subscribers only article.

Section A: General News


Slow down on mortgage program




E-Mail this Story to a Friend
Print this Story
Dave Ramsey
December 4, 2013 | 1,300 views | Post a comment

Dear Dave,

Should I pay a nominal fee to be enrolled in a mortgage accelerator program?

Jennifer

Dear Jennifer,

No, you should not. Mortgage accelerator programs are similar to the biweekly mortgage deals floating around out there. Paying on your mortgage biweekly is fine. Paying for the privilege is not.

In the biweekly mortgage program, you make a half-payment every two weeks. By doing this you will pay off the typical 30-year note in about 22 years. It works because there are 26 two-week periods in a year, and 26 half-payments equals 13 whole payments. It pays off your mortgage early because you’re making an extra payment every year. That’s what’s doing it. There’s nothing magical about every two weeks; it’s the fact that you’re paying extra principal.

Instead of paying your mortgage company an unnecessary “nominal fee,” just make an extra payment each year. Or, pay one-twelfth of a payment as a principal reduction with a separate check, in a separate envelope, every month. By doing that, you’ll pay off the loan just as quickly as with a biweekly arrangement.

If you’re just now taking out a mortgage and your lender can do a biweekly setup at no cost, then that’s great. Take them up on the offer. But we’re not going to pay them an additional fee so you can make extra payments on the principal. That’s just stupid!

Dear Dave,

My husband and I tithe, but right now we’re on Baby Step 2 of your plan and we’re expecting a child in a few months. Since we’re trying to pay off all our debt except for our home, what should we do about giving beyond our tithe in this situation?

Carrie

Dear Carrie,

Evangelical Christians recognize two types of giving in the Bible -- tithes and offerings. The tithe is off the top, before you do anything else. That’s why I recommend people put it on the top line of their budget forms.

After that, offerings are almost impossible to find in Scripture until you’ve first taken care of your family. The normative method found is that offerings are to be taken out of your surplus. In my mind, while your family is in debt and you’re busy taking care of your household, there is no surplus. Just because something tugs at your heartstrings or someone spews out a toxic sermon on giving doesn’t mean that you need to give offerings above your tithe.

But here’s the good news. Once you’ve paid off your debt and have a fully loaded emergency fund in place, you’ll have the rest of your lives to open up and give like never before. Getting out of debt means you will gain control of your most powerful wealth-building tool -- your income. And when that happens, you can give with extraordinary levels of generosity.

There are three things you can do with money -- spend, save, and give. And when you reach a point where you can give well, it’s the most fun you’ll ever have with money!

Dave Ramsey is a best-selling author of The Total Money Makeover and the nationally syndicated host of “The Dave Ramsey Show,” which airs locally on radio station 550 KTSA. View column archives at www.daveramsey.org. Questioners’ identities have not been verified by the Dave $ays column or this newspaper.
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Section A: General News Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. Brownlow: Little chance ‘fracking’ could hurt water (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. City’s proposed budget, property taxes raise questions (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. County Commisioners ‘buckle up’ on $24M budget (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. De Leon family sells Olivia’s San Antonio location (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Distracted driving program new requirement for teens (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Coca-Cola to obese people: Hey, exercise more! (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: How will voters sort through all the candidates? (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Libs: Symbols mean something — unless we disagree (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville awards contract for event center repairs (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville elections take twists (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville struggles to ‘play ball’ (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free webinar series for small businesses (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. From student job to interim manager (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Karnes airport gets $2.1M in funding (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Labor Day office closures (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Karnes County officials continue spending (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Urgent: Nix Iran deal (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Voter ID thumbprint (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Make your way to Feather Fest (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. MedDropSA is Sept. 5 (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: East Central ISD (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Oscar Mayer issues recall (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Paid firefighters could aid La Vernia volunteers (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Register to compete in Adult Literacy challenge (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Relay committee to meet Sept. 8 (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. SARA approves study of Floresville’s River Park (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Sponsors needed for Conversation with Constitution event (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale council approves $2.07M 2015-16 budget (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Substitute teacher training dates set (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. TEA lauds Falls City, Poth (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. The best medicine (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. VA cuts backlog (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Welcome back! (September 2, 2015)