What are the best basic financial moves a Christian must make? Here are the top six from Crown:
First, make giving to the Lord’s work your top financial priority. The Bible calls us to honor the Lord with the first fruits of our wealth. I believe 10% of our gross annual income is the starting goal.
Next, have an Emergency Savings Account. Start with a $1,000. Build it up to 3-6 months of your income to be prepared for unexpected expenses. It is more essential than a long-term retirement account.
Third, pay off debt. Consumer debt like credit cards, store accounts or loans from family and friends needs to go first. After that, pay off student loans and mortgage loans.
Fourth, have an up to date written will. If you don’t have a will, the government has one for you and you won’t like it. This is essential for married couples…
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