Burying Bad Financial Habits for Good by Sherri Valentine
God cares about every aspect of our lives, including how we handle our finances. The truth is you can’t enjoy life to its fullest if you are buried under, and burdened with, financial strife.
Here are some essential principles that will help you bury bad financial habits for once and for all:
1) Do not live beyond your means. While this may seem to be common sense, we know in today’s times, common sense is not so common. The bottom line is you’re in debt because you’ve lived beyond your means. You must decide to stop spending
money you don’t have. Living beyond your means is simply not God’s best for you.
2) Pay off/get rid of credit cards. Cash is king. Use it! If you “have to” use plastic, use a debit card. As you work to pay off your credit card debt, you should pay off the smallest debt first to create the greatest momentum in getting rid of your debt.
3) Build a $1,000 emergency fund…fast! This beginning emergency fund will keep life’s little Murphies from turning into new debt while you work off the old debt. If a real emergency happens, you can handle it with your emergency fund. No more borrowing. It’s time to break the cycle of debt!
And here’s a bonus for the Shopaholics…
4) Go shopping in your own closet. If you must scratch the shopping itch, go to your closet! You’d be surprised at the treasures you’ll find inside your closet when you take the time to explore. You may find items with tags on them, or clothes you can fit now because of your new commitment to working out (give Him glory!), or just items you had totally forgotten about or misplaced.
With determination, discipline, and faith, you have everything you need to throw the dirt on your old habits to make a new life for you and your family.
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