BP file photo by Kathleen Murray
ALBUQUERQUE, N.M. (BP) -- At an average of $8,300 per family, New Mexico leads the nation in credit card debt, according to media reports this month. New Mexico also has one of the highest poverty rates in the U.S., with 1 in 5 people living below the poverty line.
Those realities are among factors that provoked Joseph Bunce, executive director of the Baptist Convention of New Mexico, to forge a partnership with Ramsey Solutions, an organization led by personal finance author and speaker Dave Ramsey. The BCNM is among 16 Baptist state conventions to launch such partnerships with Ramsey Solutions this year in an effort to help believers learn to manage their money. Additional state convention partnerships are in the works, according to Ramsey Solutions.
From Arizona to Pennsylvania-South Jersey, state convention meetings this fall highlighted the partnerships. Read More