We 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”
If you have always wanted a written budget but not sure how to put it together check out our new Simple Budget. You can get one on our website- click here Continue reading “The Simple Budget- New”
Crisis 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.
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!
This 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!”
It happens every year. I see the pristine Christmas scene and the doting husband who takes his unsuspecting wife outside with her hands over her eyes and surprises her with a new car. You know the one with the big red bow on top. And I daydream about replacing my wife’s 2007 Corolla and she thinks that I am the most wonderful husband ever. Until this year… Continue reading “How Much Car Can You Afford?”
“It’s the most wonderful time of the year…for the credit card companies. There is much jingle belling and hearts will be telling of credit galore. It’s the happiest season for more.” Ok, so I reworded the old classic Carole. But someone needs to say it, “don’t spend more than you can afford on Christmas- this year.” Reign it back in if you didn’t save well. Continue reading “You can still Pay for Christmas with Real Money”
I wasn’t sure if he was going to have a nervous breakdown right there at my desk or not. He kept saying over and over, “But they said that I could afford it.” His wife looked at me with pleading eyes to comfort him as she went in the other room to tend to their children. Finally, I mustered the courage to tell him what the numbers said. As gently as I could, I told him, “Buddy, I don’t care what they told you. Your housing expenses are a 42% of your income and the reason you are in my office today is YOU HAVE TOO MUCH HOUSE.” He left shortly thereafter and I never saw him again. He had gained the missing piece of the puzzle. Continue reading “How Much is Too Much House?”
We all grow up dreaming of a Wonderful Life. Family and friends who love us. Good job. Nice house. Plenty of food. Enough money to take care of our needs and even some of our wants. When I got married one of my friends was asked to give us some marriage advice. His advice was classic. “Tim, give Terri everything she wants.” He added, “and Terri, only want what you need.” I can still remember his wife catcalling from the background about his bad advice. But, behind his playful banter was a principle. And the principle is this; for a family to be successful the family has to be on the same page and have a plan. Particularly in the area of money. Nothing will challenge a marriage more than how to manage the family resources. Continue reading “Do You Have a Wonderful-Life Financial Plan?”
“People go through three conversions: the conversion of their head, their heart and their pocketbook. Unfortunately, not all at the same time.” -Martin Luther
In 1517, Martin Luther nailed his famed 95 Theses on the Castle Church in Wittenberg, Germany. This act of protest would spark the Protestant Reformation. While the content of his concerns were salvific in nature, he went on to teach everything under the sun about living out the Christian life, including the need for us to have a conversion experience related to the way we think about our money. Continue reading “We Need a Reformation of the Pocketbook!”