Welcome back to another step forward on this seven day plan!
Today as a good start to the week, remind yourself of this promise: For it is God who works in you to will and to act in order to fulfill His good purpose. Phil 2:12 (NIV)
(We will resume our regular weekly posts in a few days after this series of blogs completes on day 7 , but for now we are focussing on tips to help our 2014 financial goals)
By now you know that only 8% of the population actually end up achieving their New Year’s Resolutions and by continuing today, you have committed to be one of that group that master their life goals!
You also know from ATP’s 2013 survey completed for UK Seventh-day Adventist believers UK, scores of respondent actually admitted they either did not practical tools to enable them to achieve many of their financial goals. No surprise there as most people whether in the Britain or elsewhere, all struggle with the same challenges. So, by completing these seven day’s tips, one day at a time, you will have some tools to help progress your financial goals for 2014.
Before we look at the tip today, can you honestly answer ‘YES’ to these questions?
Question 2: Did you list out at least one area of financial knowledge you would like to improve this year and identify where you can access this information? You still have another 24 hours to make this happen if you haven’t yet done so…but make sure you take action within the next day!
Question 3: As part of your morning devotional study and reflections today, did you recommit your plans to God, asking for focus, guidance and clarity of purpose to help you achieve your goals and plans for this day, week and year Remember: This is the confidence we have in approaching God: that if we ask anything according to his will, he hears us. 1 John 5:14.
So, if you’ve not yet done so, just pause for a moment now to do this… and then quickly write down or review at least three of the activities you will do this week to move your goals closer to become a reality.
OK, now let’s move on to the tip for Day 5!
Tip No 5: REVIEW (or get hold of your first) Credit Report
Remember, furthering your knowledge is an essential pillar to help you achieve your goals in finance, or in fact, any other area in personal development. Knowledge of what is on record about your credit information is beneficial so don’t put this one off!
Your credit report is an up to date record of your credit history but is a ‘snapshot’ at the time it is requested and things can change. For good financial housekeeping make it part of your activities to check your credit record regularly, at least once a year.
There is a statutory fee of £2 to receive your report either online or hardcopy in the post although there are offers that give you access to your credit file for free if you sign up with the company. As different credit agancies may have different information on file if this is your first time doing this you may want to request the file from all three of the credit reference agencies.
For more information on UK resources and information on credit reports and credit reference agencies, look out for future blogs as these will are posted and updated over the year.
OK, so you have your credit report, now what ?
Next – and do this within the next 48 hours – identify any information you find worrying and check your records to see if your file may need to be corrected. The instances of people being subjected to credit fraud are increasing, so learning how to master some simple anti-fraud activities will also help in your financial goals.
More information on Protecting your reputation and identity later…
If you have a specific creditworthiness issues, don’t delay in addressing this – Be sure to research how to address areas of poor credit or reach out to a friend with good knowledge to help you or financial advisor if this area of your finances needs serious sorting.
But remember, if you are not clear about what you need advice for you will be throwing away good money on professional services. Know exactly what it is you would like to achieve before you go spending on advisors.
Attend one of the FREE Access the Power (ATP) “SMARTER Finance” Seminars that deal with Credit, Loans and Debts – These are all 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. Most seminars are run from April – December. The first quarter of the year is used for workshops and practical support sessions for members new to the programmes.
If your church has never participated or held one of these sessions, show this blog to your Stewardship Co-ordinator and ask him/ her to arrange a session for your church group within your Stewardship Day programme this year.
“SMARTER Finance” sessions are open to all participating church members in any Seventh-day Adventist church group in the UK. 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.
For more information or to arrange a programme at your local church click here – (this will take you to the feedback form on this blog)
Knowledge is nothing without Wisdom…
The book of Proverbs is a fantastic way for you to start gaining some of the basic understanding of how successful people approach managing credit, business, wealth and finances. One chapter a day and you have covered the whole book in a month! It’s never too late to start now.
For ladies in the UK, see our blogs on Proverbs 31 for secrets on successful living , business and financial success. And see the Sorority created just for you, by women just like you PI TAU OMICRON (Π Τ Ο).
For ΠΤΟ sisterhood eligibility criteria click here.
Hopefully this information is useful – please suggest an area you would like to see more about and we’ll post a blog about it.
Tomorrow, we will look at another tip to help you in your financial goals. As always, share how you are getting on with these, any questions or comments you have.
See you again tomorrow….onwards and upwards!