Help for Those Who Lose Track of Money – Part 2

Do you need help keeping track of money?

It’s really easy to lose track of money. Small expenditures really add up. Think about those daily visits to drive-throughs, coffee shops, and carry-outs. How about your streaming services? Those cost both time and money. Recently, Forbes reported that 99% of all U.S. households pay for at least one or more streaming services, averaging $46 a month. Now that’s $552 a year that could help fund an emergency account or reduce your debt. Which ones are really necessary for you and your family? 45% of those surveyed by Forbes canceled at least one service in the past year due to high costs.

We can avoid overspending by setting some purchasing rules. Initially, that might sound challenging, but with time, you’ll develop habits that save you money for years to come. Ask yourself a few questions. Is this a need or a want? How many hours will I have to work to afford it? What am I sacrificing to buy it? Can I borrow it? Can I wait until it goes on sale? Sometimes waiting a week will remove the desire. If you shop online, put items in your cart, then wait to see if it’s still needed. Try the “one in/one out” method. If you buy something, commit to sell or donate something. Most importantly, ask God for the discipline to handle what He provides. You don’t want to lose track of what He’s given, so seek Him earnestly. It’s required of stewards that they be found faithful!

Now if you’re struggling with excessive credit card debt, Christian Credit Counselors will help. We’ve confidently directed folks to them for years. They can create a debt management plan specifically for you. For more visit crown.org/ccc.