The second step to developing your financial plan is to take a look at your cash flow by examining your current income and expenses. This also helps in identifying those expenses that will not apply in retirement ( 401k, mortgage payment) Estimate Income (salaries,, investment income, rental property income etc. Estimate Expenses ( savings. housing, […]
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Luke 14:28: Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? Financial planning– is an ongoing process that will reduce your stress about money, support your current needs and help you build a nest egg for
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Many times when we apply for credit, whether it’s for a credit card, auto loan or mortgage we really do not really understand what makes up our credit score. Most lenders will determine whether to extend credit based on your FICO score and at a certain interest rate. So it is very important for us
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Proverbs 6:6-11 Lazy people should learn a lesson from the way ants live. They have no leader, chief, or ruler, but they store up their food during the summer, getting ready for winter. How long is the lazy man going to lie around? When is he ever going to get up? “I’ll just take a
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Have you ever asked yourself why some people are debt-free, and some are not? Here are several characteristics that have been helpful in my own finances. These traits are as follows: Wisdom: Psalm 24:1, “The earth is the Lord’s and everything in it, the world and all who live in it.” As a result, they
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Your Credit score is a small number with big impact. It is a numerical expression based on an analysis of a persons credit file. A great credit score can save you money by allowing you to qualify for the best terms and interest rates when applying for a loan, a home loan, small business, car
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The summer months are a greattime to review your budget. According to CNNmoney.com, most people spend more money during the summer months than other months on items such as gas grills, air conditioner, patio furniture and vacations putting them deeper and deeper in debt. before your finances plummet any further, take the financial quiz below.
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