Christian Financial Advice and Biblical Stewardship

If you deplete your emergency fund in the midst of a crisis, don’t panic; you are using it properly. The important thing to remember is to not leave your fund empty after the emergency.

Experts recommend saving at least 6 months’ worth of living expenses. This may seem like a lot and can take time to build, but you will not regret it.

Start by setting a smaller goal, like saving $500. While this may not be enough money to cover some emergencies, like a new transmission or surgery, it can build a foundation and help you avoid pulling out the credit card for every unexpected event.

When you're considering buying a home, remember the costs of: inspection, closing, monthly utility bills, and maintenance.

Next time you’re about to make a major purchase take a step back, look at the long-term consequences of your decision, and determine if making that purchase puts you in a better or worse financial position 5 years from now.

The decision to entrust someone with management of your hard earned dollars should be fully vetted. What's their fee structure? Reputation? Experience?

In order to succeed in all of your weak areas you have to break certain unhealthy money habits. Do you have a friend who can help you stay accountable?

“A good man leaves an inheritance to his children’s children.” – Proverbs 13:22

Wishing for a specific financial outcome will not move us any further in life - you need to write down your goals!

Since money issues cause marital tensions and contribute to a high divorce rate in our nation, couples who are finally able to communicate about money see their relationship heal and flourish.

The area of periodic expenses (Christmas, vacation, car insurance, etc.) is where many are simply unprepared and hence use credit cards, payday loans, and other forms of debt to cover these items.

Having an emergency savings fun allows you to break the cycles of debt by creating financial margin in your monthly budget.

Because of the visibility that the envelopes system gives, you can easily find areas where you are “wasting” money.

Many people overspend not because they don’t have enough income, but because they don’t know or “can’t see” where the money is going every month.

“He who trusts in riches will fall, but the righteous will flourish as the green leaf.” – Proverbs 11:28

Break each one of your goals into small sub goals. Give each of your sub-goals a due date and then measure the progress frequently. This strategy will help you score frequent wins, which gives you encouragement and determination to press on.

To avoid overpaying on insurance, check your rates twice a year, up your deductibles, and don't pay full coverage on older model cars.

Gym fees too steep? Try working out with online videos, creating your own schedule, and looking for equipment at second hand stores.

“Do not love sleep or you will grow poor; stay awake and you will have food to spare.” – Proverbs 20:13

Want to turn your life around? Create a budget, adjust your spending to fit your income, and create emergency savings.