143: Are You Prepared for a Financial Dry Spell?
Faith and Finances
English - February 15, 2019 08:00 - 30 minutes - 20.9 MB - ★★★★ - 13 ratingsChristianity Religion & Spirituality Business Investing bible christ personalfinance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Government shut-downs, layoffs, and market crash; oh my! Could you survive, financially, if you missed on paycheck? Two paychecks?
Could you meet your required financial obligations for one month? Two months?
In This Episode, We Look At:
Fewer than 60% of American households say they are putting away money for an emergency.
It is estimated that 10% of households fell behind in their bills last year.
Do a drill—a financial drill. Kids participate in fire and earthquake drills at school. Why not run through a money drill.
Assume that you will not receive a Paycheck next week. Do you have the liquid assets to cover your most basic needs in life, keeping a roof over your head, buying groceries, keeping the lights on, and not letting your Health Insurance coverage lapse?
Determine your "Minimum Survival" number. Be proactive rather reactive. Jump start your survival savings today.Sell some stuff. Take on a side job (Drive for Uber or Lyft, perhaps? Just an idea to get you thinking)
Resources and Links:
40% of Americans only one missed paycheck away from poverty
Improve Your Faith and Finances:
Avoid assumptions (see James 4:13-15) and get serious about saving.
Share Your Thoughts:
If you have a question or comment about today's topic, we invite you to share your thoughts.
Podcast on Facebook
Troy Twitter
Government shut-downs, layoffs, and market crash; oh my! Could you survive, financially, if you missed on paycheck? Two paychecks?
Could you meet your required financial obligations for one month? Two months?
In This Episode, We Look At:
Fewer than 60% of American households say they are putting away money for an emergency.
It is estimated that 10% of households fell behind in their bills last year.
Do a drill—a financial drill. Kids participate in fire and earthquake drills at school. Why not run through a money drill.
Assume that you will not receive a Paycheck next week. Do you have the liquid assets to cover your most basic needs in life, keeping a roof over your head, buying groceries, keeping the lights on, and not letting your Health Insurance coverage lapse?
Determine your "Minimum Survival" number. Be proactive rather reactive. Jump start your survival savings today.Sell some stuff. Take on a side job (Drive for Uber or Lyft, perhaps? Just an idea to get you thinking)
Resources and Links:
40% of Americans only one missed paycheck away from poverty
Improve Your Faith and Finances:
Avoid assumptions (see James 4:13-15) and get serious about saving.
Share Your Thoughts:
If you have a question or comment about today's topic, we invite you to share your thoughts.
Podcast on Facebook
Troy Twitter