Recommended Expense Percentages
Below is a list of the recommended expense percentages for your monthly expenses. Try to stick to the lower end of the recommended range. This way, you will live below your means but still cover your needs. Compare the percentage to what you are actually spending. If you have a very high income or a […]
What does it look like…
What does it look like to live within the recommended percentages? The percentages are what you are going to dedicate for each category in your budget.
Newlyweds and money
Newlyweds have a great opportunity to start their financial married life on the right foot, provided they learn God’s way of handling money. When you first get married, you have hopes and dreams of your future together. Each person brings into the marriage their assets and their liabilities. Let’s say that both individuals combined have […]
Where the money is going to come from
Do you ever wonder where the money is going to come from when you’ve reached the end of your money and you still have needs to meet? The answer is from God. God tells us He will provide for our needs. Read the following verses: “Therefore do not worry, saying, ; What will we eat?’ […]
How to eliminate debt Part 2
Okay, so you’ve done the previous six steps. What’s next? If you downloaded the budget, you will see that it has a certain percentage of income that should go to each debt category. For example, housing is 38%. Keep in mind that the 38% represents mortgage, interest, taxes, upkeep, insurance, utilities, and other items like […]
Financial mistakes
We are starting out a new year and want to avoid financial mistakes. Here are some financial mistakes you need to ensure that you do not want to do: Too much student loan debt: When you take on too much student loan debt, you are going to have a heck of a time paying it off. […]
Out-of-whack
Are you budget percentages out-of-whack? Do your expenses look something like this: Expenses % Credit cards 44% Housing 28% Food 15% Utilities 15% Transportation 15% Other 10% 127% When in fact they should look like this: Category Recommended % Tithe & Charitable Gifts 10-15% Savings 5-10% Housing 25-35% Utilities 5-10% Food 5-15% Transportation 10-15% Clothing […]
