Everybody wants to make a plan to win with their money, but few ever actually do anything about it. It’s action, not intention that ultimately will lead to a change in your life and in your finances. If you truly want to win with your money, these tools will help you put action to your plan:
If you want to develop a plan and stick to it, I suggest the EveryDollar app. EveryDollar is a free app developed by Dave Ramsey that allows you to make a plan and track your spending, all from the convenience of your smartphone. It’s incredibly user-friendly and allows you to track your progress throughout the month, even on the go!
If you want education and specific steps to reach your financial goals, I suggest Dave Ramsey’s Total Money Makeover. It’s a great resources, broken down into “baby steps” that will coach you to budget, get out of debt, invest, and more.
If you want to consistently give, I suggest watersedgechurch.net/give. Set up a recurring contribution so that your giving is automated. Automated giving takes the guesswork out of giving and it relieves the pressure of remembering to give and removes the temptation not to give. Set up your automated giving to coincide with your paydays so that the first thing you do with your money is give back to God.
If you want to consistently save, I suggest capitalone360. Here, you can have multiple FREE accounts that are linked together so that you can set up automated savings. For example, I have savings accounts named “Christmas” and “Car” and “Vacation”. Every month, a portion of my paycheck automatically gets transferred into these accounts.
If you want to get out of debt, I suggest Dave Ramsey’s debt snowball approach. Begin by listing all your monthly debt payments in order from smallest to largest.
– Find a way to accelerate your debt payoff with extra money. This may mean cutting household expenses from your budget or taking on a 2nd job.
– Apply every dollar of extra money to pay off the smallest debt first, while paying the minimum payment only on all the other debts.
– Once the smallest debt is paid in full, take the extra money and the minimum payment you were paying on the smallest debt and apply it to the next debt.
– Continue this process until you are completely free of consumer debt.