Add to Your Savings in a Crisis

Step 1 Financial ideas for a CrisisThis should go without saying, but Grandma was right. We should all be saving for a rainy day. When I was in high school, I lived with my grandmother. For my senior project, I had to interview someone who had lived through the Great Depression in the 1930s. So I sat down with my grandmother at our kitchen table and helped her remember things that had happened to her 50 years prior.

One of the themes that came out of the interview was that using real money that you actually have in the bank (or the cookie jar) makes a difference in a crisis. She told me a story about how she had gone down to the company store (my grandfather was a foreman in a sawmill business), and the gentleman at the store implored her to put the groceries on a line of credit for her family. He said, “Mrs. Sasser, I know you and Pete are good for this, and this depression will all be over soon. Please charge some more food for your family.” Continue reading “Add to Your Savings in a Crisis”

7 Financial Ideas for Weathering a Crisis- Intro

7 Financial ideas for a Crisis-cover fbCrisis come in all shapes and sizes.  As I write this, the whole world is experiencing the Coronavirus Pandemic.  We are all huddled at home watching the news trying to figure out when the government is going to give us the all clear.  In this particular crisis we are all struggling with the vulnerability of our health and our finances.

If you happen upon this article at a later time- the crisis you may be experiencing may not be as life altering as a pandemic, but a crisis is a crisis no matter the cause.

I assume that the reason that you are checking out this booklet is that you or someone you know is experiencing some kind of financial challenge.  The content contained here is very basic and is meant to be a quick reminder of how to manage your finances in a crisis.

Our ministry has coached hundreds of families through many difficult situations.  From sudden job loss, divorce, medical emergencies, transitions and the like. We find that there are few basic things that you need to be working through and evaluating.  That is the purpose and content of this study.  We want to help you work through 7 Financial Ideas for Weathering a Crisis.

We don’t know what kind of problem you are going through.  But we are sorry you are where you are, and we do hope that this exercise will be helpful.  If you would like to talk to a Freedom 5:one Financial Coach go to our website (www.freedom5one.com) and contact us.  We would love to help.

Click here to download this on our Financial Hotline.

think about such things

think about such things coverby Tim Howington

I am a thinker.  Or at least I think I am.  Descartes says, “I think therefore I am”, so I guess I am.  I am an engineer at heart, my degree is in computer science engineering (linear thinker, problem solver, logical and sequential).  But I am also a bit of a philosopher (love to engage with the abstract and essential life questions like- who am I, where did I come from, where am I going).  That combination of engineering and philosophy puts me in a spot to ponder a variety of issues and then come up with some practical solutions.

I love the Bible and theology because it holds real insight to the real issues of the world.  I always find it amusing when people discount the Bible as relevant because in my experience it is the only thing that makes sense in real life.  I am a self-proclaimed practical theologian which basically means that the part of theology I enjoy is the application of our theological studies in the real world.

But when a problem gets beyond my ability to solve (and that happens more than I care to admit) I begin to freeze.  My thoughts become cloudy and even though I keep pondering the situation, if I am unable to come up with a solution my mind begins to panic. My strength of thinking transitions to be my worst nightmare.  I now begin to think through the consequences (real and imagined).  Unless I begin to focus on truth, I can allow my mind to take me to places that I have no business going.  And I begin to lose the battle.

The key to winning the battle for the mind has to do with what we allow our minds to focus on. If we focus on our problems, then we will plant seeds of anxiety that will grow into a real sense of hopelessness. If we focus on what God can do, then our minds will begin to experience contentment. Now I know that our thoughts may not pay the light bill or get us that promotion or fix that fractured relationship.  But thinking about the right things keeps our hearts with the right perspective, which affects our attitudes, which allows us to struggle well in times of adversity.

What should we be thinking about?  Continue reading “think about such things”

Survival Budget

survival budget-fb

If you are in a financially difficult time and  would like to have us put together a simple spending plan for you click here to fill out our Survival Budget survey.  Our coaches will send your plan back to you in 2-3 business days.

This is found on the Freedom 5:one Hotline.  Let us know if we can help!

Defeating Fear through Faith

Cover- Defeating Fear Through Faithby Chris Haas

As believers we know that God is on throne (Psalms 47:4) and that He loves and cares for us.  That is a comforting truth we should remind ourselves of in uncertain and unprecedented times.

We are commanded, “Do not fear” over and over in the scripture.  It’s one of the most repeated commands by the Lord because of our human tendency towards fear and anxiety.  I know I’ve had to fight through my own emotions of fear and anxiety in my own quiet times with God in the last few days.

This Coronavirus health and financial crisis has created a stressful environment for us all.  I feel the responsibility as a husband and father, along with my wife, of making decisions to keep ourselves and our 5 children safe and healthy, and setting the tone in our house of faith not fear. Continue reading “Defeating Fear through Faith”

Freedom 5:one Ministries Financial Hotline- Coronavirus

Trouble shows up in a variety of way.  Every kind of trial has it’s own unique set of challenges.  Coronavirus is not only scary because of the obvious threats to our health.  But, it also has the potential to effect our financial situation.  As our leaders scramble to figure out what the next step is, it is important to remember that God still sits on His throne and that He loves and cares for us.

Sometimes it helps to talk through your situation with someone.  If we can be of help during this time please give us a call or drop us an email. Continue reading “Freedom 5:one Ministries Financial Hotline- Coronavirus”

Your Year End Giving Makes a Difference!

consumption-520085_640This time of the year many of us are evaluating our generosity goals for the year.  People who study generosity say that

  • 31% of all giving happens in the month of December
  • 12% of all giving happen in the last 3 days of the year

Why so much at the end of the year?  Simple put, human nature.  End of the year bonus are part of it but for a lot of us we just need a real deadline.  And midnight on December 31 is as real as it gets!! Continue reading “Your Year End Giving Makes a Difference!”