Reducing Financial Pain
Are you in financial pain?
Financial pain occurs when we spend more than we earn. Regardless of how much or how little income you have each week or month, you must spend less than that amount. Think of the old game of limbo where you have to contort your body to get under a bar without knocking it off. The bar represents your income. Your attempts to get under it represent your control over spending. That’s why a budget is so helpful. You can adjust your expenses to ensure that you never exceed the height of the bar – your weekly or monthly income. Prioritize an emergency savings fund. You need to set aside at least $1,000 for unexpected expenses. Then, aim to save three months of your overhead. The unexpected always happens, so this is a non-negotiable.
Many today live paycheck to paycheck and don’t have any money saved. Now that’s like flying through the air on a trapeze bar without a safety net. It’s scary! You may need to adjust your budget or work with one of our coaches. They provide guilt-free, compassionate, and highly effective coaching to get you on track! Finally, make a plan to reduce your debt and break any dependence on credit cards, store accounts, “buy now pay later” plans, or payday loans. The largest expense in most American budgets today is interest expense on debt. Can you imagine how free you’d feel without debt hanging over you each month? We partner with Christian Credit Counselors to help free people from this heavy burden.
We want to help you live without financial pain, so contact Christian Credit Counselors. They’ll create a debt management plan specifically for you. For more information call the Crown Helpline: 800-722-1976 or visit online at crown.org/ccc.