Tag: Debt
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44% of Americans
Nearly half of Americans, about 44%, struggle to pay for a $1,000 unexpected expense, showing that many people face tough financial situations. This highlights the importance of better money knowledge and support to help people manage their money better. Here are five blog posts to get you on the right path. The Importance of Contentment…
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5 Biblical Financial Principles
To all the Christians seeking wisdom on managing finances according to Biblical principles, here are five key teachings from the Bible regarding money: 1. **Stewardship**: At the core of Biblical financial principles is the concept of stewardship. Psalm 24:1 reminds us that “The earth is the Lord’s, and everything in it.” As stewards, we are…
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Are Irregular Expenses Busting Your Budget?
Dishwasher goes kaput, tires are going bald, or accidentally spill coffee on your laptop? These unfortunate expenses are not regular, but they do happen, and sometimes they are “expensive,” which can break your budget. Are irregular expenses busting your budget? It is easy to carefully budget for your regular expenses like groceries, gas, and electricity…
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Spend Less, Invest More
As Christian fathers, we are tasked with providing and caring for our families. One simple way to enhance our financial security and provide for our families’ future is by adopting the mindset of spending less and investing more. The year 2024 is full of potential for our financial growth and stability. One practical approach to…
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$1 Trillion Debt Challenge
In 2023, Americans encountered a staggering milestone, collectively amassing over $1 trillion in credit card debt. The average household found itself burdened with over $6,000, compounded by a relentless average credit card interest rate of 22%. A nation drowning in financial strain, seeking a way out. As we embark on the journey of 2024, it’s…
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Open Doors in 2024
It’s time to seek the Lord’s guidance for our financial journey in 2024. Which financial door is God opening for you? What are your financial goals? My goal is to become more knowledgeable about the stock market and to learn about technical analysis. Whether your goals are big or small, having a well-thought-out plan is…
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Recalibrate Your Budget
That moment when your bills surpass your income—it happens to many of us, and it has recently been affecting my household. With the continued rising costs of living, it is important to recalibrate your budget and lifestyle. There will be seasons when you have the luxury to spend on “wants,” and there will be seasons…
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Breaking Free From the Paycheck to Paycheck Cycle
Are you tired of living paycheck to paycheck? Does it feel like an endless struggle with no light at the end of the tunnel? Absorb, reflect, and take these concrete steps to transform your lifestyle, beginning to save and invest for your future. None of the steps below are easy, and they require hard work,…
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5 Financial Mistakes Recent Grads Make
We’re not even talking about the student loans you’ve already incurred during your schooling. Here are five financial mistakes recent graduates often make when they finally land that first job. Yes, it’s exciting to earn your own money, but don’t let it put you in financial trouble right out of the gate. And if you…
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It’s Only 6th Grade Math…
Whenever I bring up the idea of building wealth and understanding finances on paper, I tell people that it isn’t rocket science and all you need is basic elementary math to comprehend how it works. And it all begins with creating a budget. In its simplest form, you add up your inputs (income & assets)…
Faith, Finance & Fatherhood 