Category: Crisis

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Curb Spending in a Crisis

Step 3 Financial ideas for a CrisisIf your family lost all your income, how much money does your family need to pay all your bills? This is an important number. This is your “Survival Budget Number.” This can give you hope or a target to shoot for in a downturn.

Let me illustrate, for a family of three that I have worked a budget with, their simplified budget is about $3,500 per month. That is taking out all the fluff, such as eating out, concert tickets, etc… If they had to really tighten their belts, they could probably cut another $500 a month before selling houses and cars. Continue reading “Curb Spending in a Crisis”

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Be Generous in a Crisis

I must tell you about a young couple I know. They are an inspiration to me. In the middle of this pandemic, he lost his job, and her hours were cut back. But they have a tremendous heart for generosity, and they view their giving as separate from their normal expenses. Said another way, their giving account is not intermingled with their living account. So, during this crazy time, they were able to give $4,500 towards a cause that the Lord laid on their heart to give to. Wow!! Continue reading “Be Generous in a Crisis”

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