Emergency Fund Planning
by Elaine Bean
Personal Money Management 101
The average household is struggling to meet their debts and obligations. There’s never enough money left over after a paycheck. There’s no money to put into savings. When a life event occurs that requires financial resources, there are none. The Storehouse Ready: Biblical Edition Planner is about putting individuals and families in the best financial position of storing up money to overcome some of life’s events: loss of job/income, expensive car or house repairs, emergency medical costs, mother nature disasters causing displacement of job and home, burial expenses, wedding costs, divorce costs, or purchase of a new home to name a few.
The Storehouse Ready Planner will begin your personal finance management journey by providing biblical guidance of what Gods says about money – living in the stewardship anointing, giving from the harvest, and saving and investing. Biblical knowledge of money and following the Lord’s instruction of what to do with it will provide you the roadmap to staying free of debt. For example, Proverbs 21:20 states that a wise person stores up treasured resources and oil, while a foolish person squanders all they have. This scripture empowers us to not spend every dollar but to strategize and save money. If you take heed to the instructions of the Lord, you will have a strong financial foundation and a plan for any of life’s events.
You will be provided Monthly Budget Tracker Forms that will help you record your monthly income and expenses and be able to schedule each bill for payment in accordance with your paydays. Included is the “Expense Reduction Checklist” that provides 19 tips on how to save on household expenses, providing immediate income into your household. Learning finances God’s way is the most powerful move you can make toward managing everyday expenses. Because we are living in a season of uncertainty on how our government is run and receiving of our source(s) of income, we must be proactive in building our emergency fund and becoming storehouse ready as soon as possible.
Elaine Bean is a writer of books and financial publication for over 20 years.
The bookstore has publications to advance your finances to live a prosperous, debt free life to help you, your family and others.
Student partners with parents and teachers for financial literacy education.
by Elaine Bean
by Elaine Bean