Regardless of what challenges we face in life, whether it’s weight, relationships or finances, in order to solve them we first need to get to the “bottom” of the issue – the real source of the problem.
If we’re honest with ourselves, we know that we will never lose those extra pounds with two feet on the treadmill and two hands in a supersized bag of M&M’s. Something has to give, and it’s up to us to decide what gives.
Financial challenges are crippling our society. Young college grads are up to their eyeballs in student loan debt. Marriages are drowning in credit card debt and seniors are fearful about retirement, since they have very little saved for the “winter” season of life.
By now, you may be thinking that the financial struggles we see all around us are beyond rescue, but what if I told you that there is great hope in turning this around? What if that hope lies in you? God's word promises that if are willing to humble ourselves, confess our shortcomings, His mercy will reign in our lives!
Our financial challenges will not go away unless we own the responsibility for our individual financial situation. No matter how we slice it, it’s not the mortgage brokers who are forcing us to buy homes we can’t afford. It’s not the credit card companies that make us charge all kinds of “wants” now so we can pay for them later. Sooner or later, if we really want our finances to get healthy, we need to recognize and own our financial weaknesses.
Here are few simple ways to start breaking our destructive financial habits and acquire financial disciplines that can make or break our financial turnaround.
1. Take a look at 60-90 days of all your spending. Once you do this, a picture of your financial priorities will emerge. Use this information to start making necessary adjustments.
2. Find an accountability partner, someone who will be able to ask you the tough questions and someone who will have your financial best interest in mind.
3. Set small achievable goals. Don’t try to tackle everything at once. Determine the most urgent problem that needs to be solved, and make a plan to tackle it head on. Small, frequent wins will help you stay encouraged and see the light at the end of the tunnel.