Desert Springs Community Church

Faith, Family and Finances

· Your Why is your Dream – Your Dream is your hope

· Your Why Provides a Financial Path Forward


The Wrong Foundation: Debt

· Debt changes the way you do life (Proverbs 22:7)

· Debt brings risk, which bring stress (Proverbs 22:26-27)

· Debt steals the #1 thing you have to prepare for the future – your income

· Eliminate all personal debt ASAP

· Mortgage debt is a bit different because there is growing equity, but pay it off early


The Right Foundation: Savings

· There is wisdom in saving, living on less than you make (Proverbs 21:20)

· An emergency fund is a beautiful thing to have (Proverbs 6:6-8)

· You need to save for retirement and legacy (Proverbs 13:22)

· You need to save for your WHY


The Tools that Build Savings: Work and Budget

· Hard work is essential to the equation (Proverbs 6:9-110

· Some seasons of life require working multiple jobs

· A budget is essential - make every dollar work hard for your goals

· Your budget should focus first on the necessities of life before you move on to budgeting for other things

· The best way to budget is assigning every dollar a purpose a month at a time – Zero-based budgeting

· The budget must be agreed on in a marriage so that it moves you toward your Why


What Does It Take to Finance Your Why?

· With savings as a foundation, how much do you need to have to live your Why?

· What steps of preparation do you need to take in order to live your Why? What will those steps take financially?

· How far out in the future do I want to be able to see this happen?

· Take those 3 pieces of information along with your financial realities of the moment and develop a plan of attack

· Remember, You are Jesus’ WHY!