Prioritize to Plan for Worst Case Scenario
It’s always wise to improve your savings!
A year ago, many of us were making plans for 2020 without any thought of a major pandemic or economic tsunami. Those with adequate emergency savings could cover their expenses when incomes dropped or jobs were lost. Priorities affect saving, especially when preparing for a worst-case scenario. What does that look like? I’m not sure, but America’s economy is facing unprecedented challenges.
You start with a budget. Cut nonessential spending and pray for ways to increase your income. Consider cost-saving ideas for Thanksgiving and Christmas this year. Renewing your mind on the Word of God will help get your priorities straight so that you can save more.
To start with a budget, download our “Easy Guide to a Budget You Love” at crown.org.