Debt

How to Tackle Holiday Debt Before It Begins

MRHerrera Financial Ministry How To tackle holiday debt before it begins November 27, 2018  As the air turns crisp and the leaves change color, you realize that the holidays are right around the corner. If you’re planning to celebrate this year, here are some ways to have a great time this holidayseason without breaking the bank….

Debt

Change your money habits, you change your life!

When you change your money habits, you change your life! When you are in financial trouble you are managing money incorrectly. You are living above your means. You might be using credit to supplement your lifestyle. Credit and credit cards cannot be your emergency fund! If you are using credit or credit cards to cover your…

Money

Financial Secrets

Financial secrets are often the cause of marital strife. Oftentimes, these secrets lead to divorce. In order to have a healthy marriage, couples need to have an honest open discussion about their finances before they get married. After they’re married, they cannot keep financial secrets from one another. During the dating stage, you are getting…

Debt

Are you a slave?

What a question, right? Of course if you are a United States citizen, you are a free person. Or are you really? Are you a slave? If you have debt, then you are a slave. You are slave to your lender. Proverbs 22:7-The rich rules over the poor, and the borrower is the slave of…

Financial Planning

Dreams vs. Goals

Are your goals only dreams? How do you tell the dreams vs. goals? The main difference between a dream and a goal is that a goal has a set date for achieving the goal. A dream, on the other hand, does not have a specific date for achieving. You can dream about being debt-free. You…

Money

Why do we shop?

What a stupid question you might have said when you read, “Why do we shop?” I know that we very often shop because we need food, clothing, or other items. However, I am not referring to shopping for necessities. I am referring to shopping for our wants and desires. Oftentimes, we are shopping for our…

Money

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…

Budgeting

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…

Money

Tracking Your Expenses

As I counsel people in becoming debt-free and in teaching them how to handle money the way God intended, I’m often met with resistance when it comes to tracking your expenses. People do not want to take the few extra seconds it takes to write-down what they just purchased or the bill they paid. To…