Just a few days left in 2021

Happy Almost New Year,

As you are finishing up your giving for the year, we hope you will consider our ministry- Freedom 5:one.  

We are changing the world, one budget at a time!

God is at work, and we are excited.  2022 looks to be a great year.  We are launching 2 new initiatives.

  1. We are launching a new community-focused initiative called Journey Financial Group.  Click here to check out the details.  This program is geared to help businesses, schools and nonprofits have access to inexpensive, life-changing financial coaching.
  2. We are also launching a new ministry initiative to Single Women. Never married, divorced or widowed, we are wanting to partner with them with inexpensive, life-changing financial coaching. God has sent us a leader for this initiative, and we are excited.
Continue reading “Just a few days left in 2021”

The Blessing of Being Paycheck to Paycheck This Christmas

by Tim Howington

I lift up my eyes to the mountains— where does my help come from?  My help comes from the Lord, the Maker of heaven and earth.

Psalm 121

I made a $500 mistake in my checkbook. Not good.  At Christmas.  Really not good. 

I have spent the morning trying to figure out what I did and unfortunately, I found it.  I screwed up.  Just didn’t write a couple of expenses down in my checkbook. Mistakes like this can put the screws to what is looking like a tight Christmas to begin with.  I have to admit, my gut reaction is to panic.  But then I remember- this is not the first time that God has gotten me out of a tight jam.  This is definitely not my first rodeo, nor will it be my last.

Continue reading “The Blessing of Being Paycheck to Paycheck This Christmas”

Discipleship Tool On Stewardship and Personal Finance

Photo by Alexander Mils on Pexels.com

Click here to download a copy of our Discipleship Tool

What is Stewardship?

Psalms 24:1-2 says, “The earth is the Lord’s, and all it contains, the world, and those who dwell in it. For He has founded it upon the seas and established it upon the rivers.”

They say a great definition of worship is tied up in the idea that God is great, and worship is just acting accordingly. We acknowledge His greatness. Stewardship is similar. The Scripture says God owns all things, stewardship is just acknowledging that and simply living like God owns it all. What would change in your finances if you thought of yourself as the manager of what God has given you to manage, and He is the owner of all that you “own”?

We would like for you to consider becoming a Generous Steward. That requires a few things.

1. To be generous is to give of your finances to advance God’s Kingdom 

2. To be well-managed in your finances

3. To be God- centered in your finances

Continue reading “Discipleship Tool On Stewardship and Personal Finance”

Online Class Invitation

create a simple budget- F51U- fbWe have created a short online class to talk through some key ideas about managing your personal finances.  The class is FREE.  Click here to register for the class and get more information.

Class Description– Gallup recently release a poll say that only 1 in 3 families have a working budget. Having coached families for 10 years now we have seen first hand the pressure that the lack of a plan brings. With so many people living paycheck to paycheck (70-80 percent). It is time to add some structure to the chaos. That is what this course is about. We will give a quick overview of key areas that will help you evaluate the way you manage your finances. And along the way help you become a generous manager.

The course is free but you can also sign up for a coaching session to talk through your Simple Budget for $100.  Enter this code for $50 off the coaching session- TSB50

Continue reading “Online Class Invitation”

Go to God in a Crisis

Step 7 Financial ideas for a CrisisThe earth is the Lord’s and all it contains, the world and those who dwell in it. Psalms 24:1

One of my favorite movies of all time is It’s a Wonderful Life with Jimmy Stewart. Stewart is cast as the super-thrifty, ever-ambitious George Bailey, who has languished in his hometown and made a somewhat unassuming difference in the lives of everyone he knows.

The whole plot of the movie builds to the central crisis where George is in an excruciating financial difficulty in his business. The potential for ruin and scandal are everywhere. George (actually Uncle Billy) has lost $8,000, which was a fortune in the 1940s.

He seeks help from Potter, his arch nemesis in the movie, and is rebuffed. Additionally, he is told that because of his life insurance, he is worth more dead than alive. So he begins to plot a swan dive off a bridge.

In desperation, George even goes as far as praying. Hear his prayer: “God, oh God, dear Father in Heaven. I’m not a praying man, but if you’re up there and can hear me, show me the way. I am at the end of my rope. Show me the way, God.” Continue reading “Go to God in a Crisis”

Find Wisdom in a Crisis

Step 6 Financial ideas for a CrisisProverbs says “a wise man will hear and increase in learning, and a man of understanding will acquire wise counsel.” (Proverbs 1:5)

When I was a younger man, I ran across a story by Bob Biehl where he talked about growing up on lake Michigan. According to Biehl, the difference between a snowstorm and a blizzard is the wind. When the winds came whipping off the lake, a regular snowfall became a disorienting mess. They called that a blizzard.

I love that imagery. Because life gets messy at times, and we find ourselves in the middle of a raging storm, and we don’t know where to turn. In times like these, we need someone to stop the wind. We need a break from the tyranny of the urgent and the pressure of creditor calls and the emotional toll that out-of-control finances causes. Continue reading “Find Wisdom in a Crisis”

Look at Estate Plans and Insurances in a Crisis

Step 5 Financial ideas for a CrisisI remember the first time my wife and I took a trip alone together after our son was born. We were headed to Kansas City for our anniversary. About halfway there, I turned to my wife and morbidly asked her, “I wonder what happens to Josh if we die on this trip.” That is not exactly what my wife had hoped we were going to talk about, but we realized our estate plan was not in place.

So she grabbed a piece of paper, and in our best Arkansas-legalese, we drafted our first generation will. I am just glad we didn’t die in a fiery crash that burned up our weak-cheese attempt at an estate plan. We were obviously ill prepared. Continue reading “Look at Estate Plans and Insurances in a Crisis”

Pay Debt Minimums in a Crisis

Step 4 Financial ideas for a CrisisDave Ramsey has made getting out of debt cool. His organization and resources have helped millions of families get debt free. Check them out at www.daveramsey.com. They have a great class called Financial Peace University, and we use his Total Money Makeover with all our clients.

However, during a financial hurricane is not the time to spend your extra money trying to get debt free. It is time to hunker down.

Our advice is to pay the minimum amounts on your debts. Stay current if possible. There will be time to accelerate your debt payoff later.

A few years ago, my family was going through a difficult time, and for the first time in my adult life, I was late on a bill. Not just one bill, but a lot of bills. Not just grace-period-late, but a month behind. Then one month became two months and then three months behind. Continue reading “Pay Debt Minimums in a Crisis”

Curb Spending in a Crisis

Step 3 Financial ideas for a CrisisIf your family lost all your income, how much money does your family need to pay all your bills? This is an important number. This is your “Survival Budget Number.” This can give you hope or a target to shoot for in a downturn.

Let me illustrate, for a family of three that I have worked a budget with, their simplified budget is about $3,500 per month. That is taking out all the fluff, such as eating out, concert tickets, etc… If they had to really tighten their belts, they could probably cut another $500 a month before selling houses and cars. Continue reading “Curb Spending in a Crisis”