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Keeping your New Year’s Resolutions…this time


Happy New Year!!

January is that time of year when we list our resolutions , hoping these will improve our lives in the year to come.  However studies show that only 8% of the population actually achieve New Year’s Resolutions!

The most common resolutions we make are about health and money, but whatever your plans, check out these tips to help you make 2015 an even better year for you financially.

Goals to Reduce Your Debt
This year write down your list of all the debt you owe – yes, this is a difficult one but should really take only 20 minutes at most.  Then, make a plan to pay off your debts using the priority of those with the highest interest rates first. Always try to pay more than the minimum monthly payment if you’re financially able to  do so. That way you will pay off that debt faster –  and save money on interest charges.

Goals to increase (or start!) Your Savings
Write down one short term goal – perhaps for this year’s holiday or to start an emergency fund to cover unexpected expenses.  Then write down a medium term goal – perhaps it;s that dream vacation, or a deposit on a home. Next, decide on a realistic deadline to achieve these goals – and list the regular action you will need to do within that time to accomplish your goal.

Goals to Improve (or Develop!)  Your Spending Plan
Your Spending Plan is the most powerful tool to help you succeed this year. your new “budget,” it may help you to think of it as a spending plan instead. By planning out your food, entertainment, education, and other expenditures, you’ll have a better understanding of where you’re allocating your income and how much is available to spend on each activity.

Review your credit report
You are entitled to one free report a year from each of the three major credit-reporting agencies—Equifax, Transunion, and Experian. Go online to request your credit report at the beginning of the year (or request one at a time in the year that suits you). Review the info and raise any disputes regarding any incorrect information you find in the report.

Further your financial knowledge in 2015
One of the easiest ways to boost your finances is to first write down your financial goals and then learn more about the finance topics that interest you and will help towards achieving your goal/s.

You only need a few resolutions to help improve your overall financial health.

What’s your resolution for 2015?
Best wishes and Happy New Year!


“SMARTER Finances” Kick off with Spring Seminar at Stevenage SDA Church

Stevenage April 2014

The 2014 series of “SMARTER Finances” seminars started with the one-day Stewardship programme at Stevenage church.  Attended by over 60 people, the morning session covered the basics, drawing on the bible-based principles.

The afternoon was an intense session with 30 members looking at personal, family and church financial goals and the best ways to achieve them.

The results of the straw poll (sample 20 members) below has been added to the total responses so far.  To see the results as at March 2014 click here.

Get support for you and your church on your financial journey!

About the FREE  “SMARTER Finance” Seminars – These are  bible-based seminars and are delivered in your local church. As part of the Stewardship of our knowledge, member’s have supported other church groups by running these seminars annually since 2004.

The first quarter, from January to March, is used for workshops and practical support sessions for members new to the programmes. From April to December we then run the weekend, or one-day church based seminars.

A number of local church groups in England already this session for basic financial literacy as a Stewardship Day whilst others use the weekend workshops or one-day seminar services for both the church and local community outreach.  If your church has never participated or held one of these sessions, ask your Treasurer and your Stewardship Co-ordinator to arrange a session this year.

Exposed! The ‘Secret Millionaires’ amongst us


Did you know that during 2014 there are secret millionaires steadily building up their wealth through the national MoneyClub community?

The local church MoneyClubs are financial stewardship communities set up and operated for the benefit of local church members.

Each month, the MoneyClub holds seminars and training to help members build their savings.  Most of the members are also signed up to the ‘Save over £1,000 in one year’ challenge.

With over 1,000 local members participating, that will amount to over £1,000,000 saved in 2014 alone.

How do you think these MoneyClubs can help the local communities during this year?

If you are a member and regular attendee of any Seventh-day Adventist church  within the UK (England, Wales, Ireland, Scotland and Northern Ireland) and you would like to get more information about setting up or joining your local  MoneyClub let us know by posting a comment below.

Don’t be shy, share your thoughts!


Anyone got Ideas about what they would do if they won £million in 2014?



What would you do if you won a MILLION dollars today?

Would the money still be around tomorrow, a week from now, a year from now, or even 5 years on? Most (A Google search suggests 50-70%) lottery winners remain broke or become worse off.

The FINANCIAL education of a person plays a BIG role here. Knowing how to EARN money is just a small portion of the education, learning to PRESERVE and EXPAND your wealth is the KEY.

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70/30 Budget Rule:

This is similar to the 80/20 rule – the savings amount is included in the 80%. This is good if you are able to save, but if you on a course of paying down your debts then the savings/ emergency fund may be something you look to build at a later stage. Good post!

Debt Free Sisters

I found this technique a great roadmap for successful budgeting.


1. Pay yourself 10% of your take home pay. It would be wise to use a separate checking account and debit card for this 10% which includes your “play money”, dining out, extra-curricular activities or you can put away 5% for that special piece of jewelry.

2. Give away 10%; this could be your tithe, charitable contributions or any particular cause you are interesting in.

3. Save 10% of your take home pay each month; this should be outside of your 401K or retirement saving, but can be part of your emergency fund. Can also include saving for vacation, investments, business start-up money, savings for a special purchase/occasion.

4. The 70% of your income is the lifeline of your budget and should be managed very strategically so that you can make sure the 30% happens. Everyday living expenses include:

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What’s your ‘Money Mindset’?

What’s your ‘Money Mindset’?

This story was suggested by Blog DebtFreeSisters