Hope for your financial life and beyond

The Best and Worst Places to Save Money When Getting Out of Debt

Lets assume that you’ve finally decided getting out of debt is a priority. You know that saving money in the monthly budget by cutting expenses is a key component to the debt payoff process. But where do you start? What is the best place to start chopping away at your budget?

getting out of debt

The Headache Factor Equation will help you determine which spending categories to cut first.

Not all categories are created equal. For some expenses, you can find money savings quickly. Others are going to take a little more time and effort. Some budget cuts will be easy to endure while others might lead to some family frustration at the lack of spending for that category.

In order to better identify the best places to save money in the monthly budget, I’ve created what I call the “Headache Factor Formula.” This equation takes into consideration three factors that are each scored on a scale of 1-5, with 1 being positive and 5 being negative. The lower the cumulative score of the three factors the better when determining where to start saving money first.

[Continue reading]

How Can a Registered Agent Save My Business?

If your business is going through some struggles, you are not alone. The last couple of years have been filled with tremendous challenges for businesses to navigate. Covid altered the landscape and forced businesses to reinvent themselves on the fly … [Continue reading]

13 Encouraging Bible Verses for Men

encouraging bible verses for men

Let’s face it - men need encouragement. We try to act tough like we can handle everything on our own. But if we are honest, we need to be lifted up just like anyone else. So it’s a good thing there are many encouraging Bible verses for men from which … [Continue reading]

Is the Bible Really Clear About Paying Taxes?

tax time

“Render therefore to Caesar the things that are Caesar’s, and to God the things that are God’s.” - Matthew 22:21 Like you, my tax paperwork is due to be filed by April 15th. There is no doubt that doing the tax return is no fun to fill out every … [Continue reading]

8 Questions to Ask When Setting Up A Family Inheritance

meter showing high level of confusion

It’s hard enough to deal with the topic of our own death let alone what will happen to our possessions once we pass away. Setting up a family inheritance can get complex and technical. That's why most people don't deal with it. The aftermath of … [Continue reading]

How to Get the Most Out of Christmas

Weeks ago, at the beginning of November, stores already had Christmas decorations on display. I know those stores are just trying to get the most out of Christmas season. But it's too early at that point for me to think about Christmas. For me, … [Continue reading]

Operation Christmas Child: Changing Lives One Shoebox at a Time

I believe the Bible when it says, "He who has a generous eye will be blessed, for he gives of his bread to the poor” (Proverbs 22:9). Spiritual and emotional blessings come when we give to others, especially those in challenging life situations. And … [Continue reading]

My A – Z List of Blog Related Things I’m Thankful For

Yes, I know. What a strange thing to write about during the week of Thanksgiving. There are so many more important things to be thankful for. Certainly family, friends, freedom and prosperity, health and faith all rank near the top of thankfulness … [Continue reading]

Stay the Course: Success Happens One Step at a Time

stay the course

Are you unable to stay the course? Many people have difficulty with this when it comes to completing a task. Somewhere along the way, for whatever reason, they give up, never to reach their goal. It happens for big things and small things. For … [Continue reading]

5 Ways to Reduce Your Medical Expenses in a Car Accident

Getting involved in a car accident is something no one wants to experience. Yet most will at some point. A 2020 report by Esurance found that 77% of all drivers have had at least one accident and that the average person files a car insurance claim … [Continue reading]

6 Signs You Are Living Above Your Means

above your means

Let's face it. We live in a fast paced, consumer friendly, debt-driven society. Spending money has never been easier. That might be why more than 60% of Americans deal with credit card debt on a daily basis. Access to credit has never been more … [Continue reading]