How is your financial health? The Morning Thing 9/16/16

money-bag-filled-with-money

We wrapped up our health-focused week by talking about financial health!

The best place to start a conversation about money is to start  at the definition – what is financial health? www.financialhealthinstitute.com says financial health is: The dynamic relationship of one’s financial and economic resources as they are applied to or impact the state of physical, mental and social well-being.

These experts say that health and finances are dynamic, always changing, in flux, up and down. Your personal financial situation can be unhealthy and the result of that can lead to problems in other areas of your life. Click HERE to read more about how to define financial health.

So where do you start to achieve your financial goals?
One easy step is to listen to “My Moneylife” each weekday at 3:50pm on WNZR.
This 2 minute feature looks at the world of finances through a biblical perspective. Crown Financial Ministries is celebrating 40 years of empowering and equipping families with financial tips and advice. Click HERE to go to Crown’s fabulous website with superb tools to help you and your family navigate the path to financial health.

Crown Financial Ministries has a Money Map that will give you a step-by-step guide to gaining victory in your finances and life.

Inside you’ll find:

  • Seven clear, achievable goals to reach on your way to True Financial Freedom.
  • Access to practical online tools and content to help you along the journey.
  • An updated design and format that will harness the proven success of our MoneyMap to address today’s issues.
  • And more!

Click HERE to find Crown’s Money Map.

Wells Fargo promotes the belief that small changes can easily turn into habits that could have a big impact on your financial health.
Here are 8 Rules of Thumb to Financial Health  – a set of easy-to-follow guidelines, along with simple steps on how to get started on your journey to better financial health.
Click HERE to see the entire article.

Pay yourself first

Set aside some income for savings — about 5 – 10%.

Start turning savings into a habit

Track your spending

Make sure you know where your money is going every month.

Start tracking everyday expenses

Create a safety net

Build up emergency savings to cover 3 – 6 months’ worth of expenses.

Start your emergency savings fund

Pay down high-interest-rate debt

Spend less on interest by paying down the debt that costs you the most.

Start taking steps to manage debt

Pay on time, every time

Improve and maintain your credit score by paying your bills on time.

Start paying your bills on time

Know where your credit stands

Check your credit report annually to make sure it’s accurate.

Start checking your credit report

Review your insurance annually

Protect what counts by checking your insurance coverage every year.

Start protecting what counts

Save for a better retirement

Save at least 10% of your income each year for retirement.

Start planning now for more money later

 

Here are Bible verses about money, debt, giving, and finances – Find out what the Bible has to say about money, giving, debt, and finances as you learn to be a wise steward of the resources God has given you. Click HERE for 50 bible verses!

(Picture from www.picturesofmoney.org)

 

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