After a conversation with a financial counseling client, Art realized he needed to talk more about the 8 Money Milestones. In this episode, Art walks through your guide to financial health for the sake of living generously.
Money Challenge:
Determine where you are. Which Money Milestone are you on? Take a look at the Milestones to determine which ones you have completed and which one is your next financial goal.
Notes:
8 Money Milestones
- Milestone 1: Start giving.
- Milestone 2: Save $1,500 for a minor emergency.
- Milestone 3: Max out your 401(k) or 403(b) match.
- Milestone 4: Pay off all debt except your mortgage.
- Milestone 5: Save 3 to 6 months of living expenses for a job-loss emergency.
- Milestone 6: Put 15% of your gross income to retirement.
- Milestone 7: Save for college or pay off your mortgage.
- Milestone 8: Live generously.
Additional Resources:
10 Small Ways to be Generous This Summer
Episode Sponsor:
Most churches struggle to get people to give. SecureGive, has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available.
