Did you know that this year Christmas is on December 25th?? Haha. Yes...I know I'm being funny, but I cannot tell you how many of our coaching clients tell us that they use credit cards to pay for Christmas because it "snuck up" on them.
Don't let Christmas sneak up on you! Here are 5 things to keep in mind as you begin (or complete) your Christmas shopping.
We knew we would not make it out of our debt snowball without having to replace at least one of our vehicles. When we started, we had $191,000 in debt, medical bills and car repairs all around us. And each vehicle was over 10 years old with at least 200,000 miles. We knew a car purchase was in our future.
But we were also determined to incur no new debt.
That meant we would have to do two things I had never done before...
Before we started on this journey of Christ-centered financial wellness, I never thought much about money being currency. In my mind it was just a term that was used by financial analysts. But today is a new day. Today I understand the importance of currency and what it means in my life. Today I understand that money and electricity have a lot in common than you think!
As we have learned more and more about how to lead a life of Christ-centered financial wellness, we discovered another aspect of budgeting that we now embrace wholeheartedly. It has come to the rescue more times than I ever thought possible and I'm excited to introduce it to you today. It's called the sinking fund.
Let’s walk through the 3 things you need to know about sinking funds.