Our family has been conversing about New Year’s resolutions for 2016 and have discovered that there are Three things our family will focus on:
- Faith: We want to become a family unit who overcomes obstacles by tackling them in faith instead of tiptoeing around them in fear. Our thoughts are the beginning of a healthy and fruitful life. When we fix our minds on good things, we produce good fruit. This is a truth I still need to be reminded of daily and it’s one I want my kids to understand even now. This new year, we’ll be walking together through Philippians 4:8 and studying the words Paul used to explain a thought life that ultimately leads to peace. Where does your family stand in Faith?
- Family: The best thing in life are the people we love, the places we’ve been, and the memories we’ve made along the way. We will be utilizing a “Look, Sound, and Feel” type system for our family in this new year! How does your family love one another?
- Finances: This year we will be focusing on a budget; we will also focus on micro managing our finances with four easy steps:
1. Have a clear, specific goal.
Very simply, find out exactly how much you need to save.
If you haven’t been actively working toward your goal, then you might not know. I certainly didn’t before we started our get-out-of-debt plan.
Sometimes it’s just easier to ignore the state of our finances, but unfortunately, that won’t make it go away. (Believe me, I tried!)
Just seeing it on paper (well on the computer screen) in cold black-and-white can’t-ignore-it-text did a lot to show us how crucial it was to change our financial situation fast.
What Goal Should I Set?
Everyone is in a little bit of a different situation, so of course, only you will know exactly what goal you need to set to bring you closer to family financial freedom.
A good rule of thumb is to follow Dave Ramsey’s 7 baby steps. Set your goal for the single step that you’re on right now. Don’t try to think about all 7 at once!
2. Set a Date
Set a realistic date for completing your goal.
This means if you’re trying to get out of debt, find out how much you owe, and how long it’s going to take if you keep making that minimum payment.
It’s good to be realistic, but it’s also just as good to think big. You’d be amazed at how much you can save when you really set your mind to it.
3. Remember Why
Also, write down why you want to accomplish this goal.
Every time it’s feeling hard, you can remind yourself why it’s worth it, and that it’s only for a finite period of time.
4. Steps to Success
Break your goal down into bite-sized chunks, so you can see progress. It’s these quick little successes that will keep you marching right on toward your bigger goal.
Checking off that first mini-goal can be extremely motivating to keep going and to get it done even faster.
Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.” – Hebrew 13:5
No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money. – Matthew 6:24
The rich rules over the poor, and the borrower is the slave of the lender. – Proverbs 22:7
The wicked borrows but does not pay back, but the righteous is generous and gives. – Psalms 37:21
Come to terms quickly with your accuser while you are going with him to court, lest your accuser hand you over to the judge, and the judge to the guard, and you be put in prison. Truly, I say to you, you will never get out until you have paid the last penny. – Matthew 5:25-26
Owe no one anything, except to love each other, for the one who loves another has fulfilled the law. – Romans 13:8
For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it? Otherwise, when he has laid a foundation and is not able to finish, all who see it begin to mock him, saying, “This man began to build and was not able to finish.” – Luke 14:28:30
On the first day of every week, each of you is to put something aside and store it up, as he may prosper, so that there will be no collecting when I come. – 1 Corinthians 16:2
Wealth gained hastily will dwindle, but whoever gathers little by little will increase it. – Proverbs 13:11
Whoever works his land will have plenty of bread, but he who follows worthless pursuits will have plenty of poverty. A faithful man will abound with blessings, but whoever hastens to be rich will not go unpunished. – Proverbs 28:19-20
In his grace, God has given us different gifts for doing certain things well. – Romans 12:6