GMR 158: Staying on Track in Difficult Seasons

Show Notes


Staying on Track in Difficult Seasons


Get honest with yourself


How committed are you to your financial health?


Is your long term financial well being more important to you than
you satisfying your immediate gratification?


Are you engaged in a blame game? It’s not my fault!


Financial health is about personal responsibility.


It’s up to you. You are the benefactor or the casualty of your
decisions.


Determine that no matter what comes your way it is your
responsibility and no one else’s to manage your money well.


If you find yourself making excuses, “I’m doing my best” realize
that you’re only giving yourself the license to continue making
bad decisions.


3 things to do ahead of time to prepare for life challenges


Systematize your money management


Use a zero-based budget


Automate bills and regular expenses


Build an emergency fund.


1-3 months of bare-bones (survival) budget.


Grow to 6 months after paying off consumer debt.


Build your community / rely on your community


Money is a big deal and your finances can change very quickly.
It’s important to be connected to a support group that will
provide financial wisdom in times of crisis. These are non-family
members that will tell you the truth, and give you unbiased
advice.


Friends and family


Listen to GMR Podcasts or other financial experts for
encouragement and to reinforce the basics.


Don’t be afraid to ask for support from your community, but also
set a short-time line of when you think you’ll be back on track,
make a plan to get back on track.


In the midst of loss:


Be self-aware


Take time to grieve


Take the appropriate steps to get healed (physically,
emotionally, mentally)


Don’t make any big financial decisions


Know that things will get better. It may not feel like it, but
this will pass, just like other seasons have come and gone, so
will this one.


Resources


Budgeting tools and other free resources -
https://leosabo.com/resources
David’s website - www.stewardshippastors.com