Savings Day – The Dollar Diet

It’s Build Your Savings day!

One way for you to reduce expenses is by going on the “dollar diet”. Now, don’t panic! This diet is fun because you see results quickly. You benefit by increasing savings while developing great habits.

First, record all income and all expenses, fixed and variable. Fixed expenses are due every month in the same amount, like mortgage, rent, and insurance. They’re non-negotiable unless you’re willing to move.

 The variables go up and down. This is where you produce savings by making adjustments (or dieting) on things like groceries, gifts, and entertainment. So allocate every dollar, post your progress, and thank God, each step of the way!

 For help with your savings, download the Eli App at crown.org.

Click here for free resources to navigate the financial affects of COVID-19