Daily Hope Financial Planning Tips

Daily Hope Financial Planning Tips

I read these recently at Daily Hope and wanted to make sure we had them stored to come back and reference. “Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty.” Proverbs 21:5 (NLT) If you want to be financially strong, you need to start writing down what you spend until you know where all your money is going. This is the principle of accounting. You’ve got to keep track of your finances! Have you ever made it to the end of the month and wondered, “Where did all my money go?” Ignorance of your financial condition plus easy credit equals disaster. You’ve probably heard this phrase: “Money talks.” It does not. It just walks away quietly, and it doesn’t tell you where it’s going. To know what you’re spending your money on, you have to keep good records. Proverbs 21:5 says, “Good planning and hard work lead to prosperity” (NLT). When it comes to your finances, you need to keep good...
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Getting Rid of Credit Card Debt During COVID-19 Era

Getting Rid of Credit Card Debt During COVID-19 Era

Life is cyclical - finance especially. One of the greatest challenges while pedaling through cycles is staying out of debt while managing through dry seasons. Having multiple streams of income will help. Also, keeping credit card debt out of the equation is huge - crucial - critical - choose whichever dramatic word to make the point. Credit card debt is aweful. Eliminating it is one of the best climbs in the world! Here's some info we've found helpful: DAVE RAMSEY APPROACH How Can I Get Rid of My Debt Without Using Debt Reduction Programs? We’re so glad you asked! You can ditch your debt yourself by following the 7 Baby Steps. Step 1: Start an Emergency Fund The first step in Dave Ramsey's 7 step plan is, "Save $1,000 for Your Starter Emergency Fund." One of the main reasons people struggle with money is because necessary emergency expenses (like medical bills, car bills, or home repairs) come out of nowhere and drag you deeper and deeper...
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