Financial Foundation Builders exists to see others achieve true, biblical, financial freedom that radically impacts people's lives, purpose, giving, and relationships.
Financial Foundation Builders offers practical and biblical approaches to money and life.

 

 

 

 

 

To initiate a plan to get of debt you should begin a Debt Hit list which details your debt, interest rates, monthly payments and goals to pay them off.  This tool will help you put a plan into motion to get out of debt.  First you must make a commitment to NO NEW DEBT!  Maybe you switch to a debit card or begin a cash envelope management system.  Most peoFple cannot even save for major expenses to come--so it is important to plan ahead for the next 18 months.  Use the Big Buy list to begin that process.   Always ask these questions before a major purchase:

  • Is it on our Big Buy List?
  • Should I discuss this purchase with the rest of my family? (set a dollar amount that requires family approval prior to purchase.  We use $50)
  • Can we afford it?
  • Can it wait until later?  How long can we delay this purchase?
  • Can we buy it used?
  • Have I priced it multiple times and places to know what a great price is?
  • Have I waited 60 days once I get the DESIRE to buy it?
  • What will I have to give up as result of this purchase?
  • Will I really get my money's worth out of this?
  • How will it impact my goals I have set to get out of debt, spouse stay home, kids, etc....
  • Do we need it NOW?
  • Is it on sale?
  • Is it a want or need?
  • Have I prayed about it?
  • Is this impact my giving priorities/commitments?

I use the D.E.B.T. test before I charge it:
D = Is it a Desire or Need
E = What is the Eternal value
B = Is it Budgeted?
T = Is the Timing right?

The best way to move towards having money available for Big Ticket Items or Future expenses is to set-up the dreaded BUDGET.  Time to go to war on your DEBT and be a combatant!

"The materialism of our culture is the dominant issue, and the church has not combated materialism, with its own set of values,"

- Wes Willmer
15 Hot Topics To Explore
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Financial Freedom
Kill Your Debt
Prosperity Gospel
Readiness Quiz
Setting Up A Budget
Stewardship Giving
Take Action
Time Management
Tithe or Not
Tribute To Larry Burkett
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