Dec 30, 2016
This time of year is crowded with lists, ambitions, goals, and resolutions. I’m a huge advocate for written goals. I’ve also witnessed far too many individuals abandoning their New Year's resolutions and commitments simply from being overwhelmed in the enormity of new tasks to tackle.
In This Episode We Look At:
Financial goals are great to have and we should have them.
They need to be specific and measurable; we can't strive for "I want to better with my money this year."
I advise against too many financials goals for one period - you are more likely to get frustrated and quit when attempting to tackle "7 new ways to handle your money".
The One activity that can impact your entire financial picture:
Have a clear picture of where every dollar is going.
Write it out or print it out. Have a clear listing of where all your dollars are going.
This one activity is very eye-opening and will lead you to the starting point of taking control over your money versus your money controlling you.
A goal to be debt-free can be attained when you map your "outflow" of dollars and intentionally re-direct money toward eliminating debt.
Today's Resources and Links:
The ONE Thing, by Gary Keller. <affiliate link>
Psalm 112:5-7
A good man sheweth favour, and lendeth:
He will guide his affairs with kdiscretion.
Surely he shall not be moved for ever:
The righteous shall be in everlasting remembrance.
He shall not be afraid of evil tidings:
His heart is fixed, trusting in the Lord.
One Thing You Can Do Today to Improve Your Faith and Finances:
Review your bank statements and list the total dollars that are being allocated to variable expenses such as: shopping, entertainment, dining out, and personal care. Identify amounts that can be reduced in these areas then re-allocate those dollars to more important areas such as: savings, giving, debt-reduction.
What Are Your Thoughts?
If you have a question or comment about today's topic, we invite you to share your thoughts.