Navigating Your Finances God's Way

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As we recognize God’s ownership of all the things in our possession, it is important that we surrender those things over to God.

While this deed isn’t legally binding, it’s an important step we must take to honor the Owner of all things.

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The Debt List will assist you in sorting out your debt. The Snowball column will help you prioritize repaying it.

In addition to making the minimum payments on all your debts, pay off one debt at a time, starting with the one with the lowest balance. After that debt is paid off, apply its payment toward the next smallest one. When the next smallest is paid off, apply what you were paying on the first and second debts toward the third smallest balance.

That’s how to snowball your debt!

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Over the last three chapters, you’ve learned and applied God’s word on being a steward, debt, saving, giving, and investing.

Now it’s time to look at how we map all of this out. That’s where the Navigating Your Finances God’s Way Map comes in. The Map’s four phases will help you set goals for each phase of your financial discipleship journey.

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Now that we know what God says about work, let’s put our knowledge into action by working on an Estimated Spending Plan.

Do your best to identify all your income and expenses. We’ve provided a detailed list that can help you identify some that are easy to forget.

Not all categories may be relevant for your situation. If you don’t see a line item for your specific income or expense, just add it in a place that makes the most sense to you.

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Knowing how and where you are spending money is a key factor to being a good steward. And it can be incredibly helpful during a time of crisis. So let’s learn how to use the Tracking Tool!

Once you’ve created an Estimated Spending Plan (from Chapter 4), it’s time to make your plan a reality. This is where the Tracking Tool comes in. The Tracking Tool helps you record your income and expenses over thirty days. This gauges your progress toward your goals and helps you make changes or adjustments.

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The Finishing Well exercise provides an opportunity to draft a plan that will help you on your finishing-well journey. Here are several suggestions.

• Don’t draw up a plan that is too ambitious to implement immediately.

• Select a person who will hold you accountable to apply these practices faithfully.

• If you are married, discuss these with your spouse. It is much easier to practice the disciplines if your spouse participates.

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