99 Problems
Of the freedom from D's, it's the money you owe to creditors
What is Debt?
When I make purchases to compensate for a perceived weakness, this is the type of spending I'm engaged in
What is Compensatory Spending?
Finish the scripture, "The Lord is my shepard, I lack ..." NIV
What is nothing?
One of my financial goals is to create an emergency savings fund. My goal is at least this, in months
What is 3-6 months?
Phillippians 4:13 says, "I can do THIS through Christ who strengthens me"
What is all things?
A goal without a plan
What is a dream?
When my expense exceeds my income
What is Deficit?
A credit report provides important information regarding your credit history of all your accounts from these 3 major reporting agencies
What are Transunion, Equifax, and Experian?
Identifying needs and this is a helpful tool on the road to financial freedom
What are Wants?
A trusted individual who walks with me on my dfree journey is this type of partner
What is accountability?
Yikes! Lots of debt to pay off. I think I'll start off with the oustanding debt that has the highest interest rate
What is the avalanche method?
Its the type of interest that is calculated using the initial principle and the accumulated interest
What is compound interest?
Areas of ones life that keeps us financially strangled and financially indebted is said to be an obstacle or this
What is a Barrier?
"What was I thinking?" is possibly a phrase associated with this type of spending
What is Confused Spending?
A lack of this can and will lead to a costly spending habit
What is Patience?
If you're not careful, these expenses can be taken from your budget without being noticed
What are spending leaks?
A charge made for a loan or credit facility or a payment made by a financial institution for the use of money deposited in an account. I prefer the latter
What is interest?
An employer-sponsored, defined-contribution, personal pension account
What is a 401k?
You may need assistance from a financial institution to set this up for safekeeping, high-yield savings account preferred
What are Deposits?
Purchasing a Louis Vuitton handbag because a co-worker has one could be an example of this type of spending
What is Conspicuous Spending?
I shouldn't manage my money. Instead I must manage this
What is my lifestyle?
Here is an affirmation, "My goals are more likely to be achieved when they are", this
What is written down?
It's been said that no one walks up a hill by accident. Instead, by being intentional, daily affirmation can allow you to set this
What are priorities?
Financial strategies of saving, investments, and ultimately distributing money meant to sustain oneself at the end of ones professional career. You still work part-time if you want
What is retirement?
"The rich rule over the poor, and the borrower is a slave to the lender" is a verse that can be found here; book, chapter, and verse please
What is a Proverbs 22:7?
The promptness, or lack thereof, of paying bills on time is one of many factors that can affect this
What is a Credit Score?
To spend money on resources wastefully. The perfect example in the bible simply went home to reunite with his father
What is prodigal?
A pattern of income and expenses, and its' consequences for how much money is available at a given time or a movement of money received and spent
What is cash flow?
Snowball method gives me the chance to celebrate a win sooner by starting off with this balance first
What is smallest?
Calculation that estimates the number of years it takes to double your money at a specified rate of return
What is the rule of 72?