Tuesday, December 1

Tag: debt

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A Strong Financial Future – First things First

Financial fitness, like physical fitness, is mostly about good habits. You are establishing habits and getting into a routine at an early age. Just as there are laws governing physics and motion, and these never change, there are laws (or principles) governing relationships, health and money for example also. Here are 6 principles if you put in place you will be building a strong financial future: 1.  God is my source (law of supply) Your source is God not your income, your security is God not your savings. Remember the lord your God. He is the one who gives you power to be successful. Deuteronomy 8:18 He’s more than a provider in times of need. Everything you have is from Him: For everything comes from him and exists by his power and is intended for his glory.  Romans 11
Financial Life

10-Day Financial Exercise

Here is a post I first put up nearly 2 years ago, but is a helpful reminder for us all regularly. I am committed to helping you become or stay financially healthy.  Stewarding our financial world well helps us bring honour to God, the one who has blessed us with all that we have. Here is a 10-Day bible study exercise by Erica Pyle of 'Prosper Project' (member of C3 Church Manhatten) that will help you have a healthy perspective on finances. I highly recommend it. Introduction Day 1: The Provider Day 2: Purpose Day 3: Vision Day 4: Giving Day 5: Debt Day 6: Budgeting & Planning Day 7: Saving & Investing Day 8: Agreement Day 9: Speak Day 10: See
Financial Life

Freedom from Debt

"At the end of every seven years you shall grant a release of debts." Deuteronomy 15:1 NKJV Getting out of debt can feel like a long recovery process. How good to know that God is with you in your pursuit of freedom. He is committed to you being on top of your financial world and living with more than enough, abundantly. Some helpful tips to get you going on the road to recovery: - draw up a budget and know exactly your financial situation - put your debts into the cheapest repayment situation possible - commit to a manageable repayment process (make agreements with utility companies, credit card/banks etc). Think long term about this so you don't feel regularly disappointed by the debt you have. - look to better earning opportunities (extra work, higher paid job), but don't plac...
Financial Life

Financial Wisdom

And the Lord said, "Who then is that faithful and wise steward"  Luke 12:42 A few financial health steps for you, I trust it helps: Step one: Budget well Document your exact income and expenses.  Put your expenses in priority order, the important ones first - tithe, housing, food.  Be tough when defining what your needs are compared to your desires. If in debt and your debt repayments take more than 20% of your net monthly income, take serious steps to cut back. Step two: Be disciplined To live to your budget and live inside your income. Step three: Watch your daily spending If it helps take cash out at the start of each week (give your credit cards to family or friends, or cut them up if they cause you problems). Pay all your utility bills by direct debit. This forces a routine. Ste