Wealth and Wisdom Together®

85. Strengthening Your Finances Despite The Economy


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We are being bombarded today with so many doubts about the state of the economy and it is making a lot of people very uncertain about their finances.  Many are stressed and are not confident in how they are managing their finances.   So today on The Abundant Living Podcast, we are asking two questions:  

  1. Are your money management principles preventing you from being affected by the economic situation? 

  2. Despite the reports and warnings about a wavering economy, are your finances still improving?

  3. Let’s Embrace Abundant Living:

    03:40 - What does all the talk about the interest rate mean?

    04:40 - Impacts on Variable Interest Rates Cards

    11:20 - What can we do to strengthen our finances

    15:00 - How to use credit card in times of uncertainty

    20:00 - Higher interest earning available at banks

    22:30 - Eliminating credit card debt with consolidation 

    Takeaways

    • “First meet the needs of your family, of your household”. - WW

      • “You may have to draw the line and make a clear assessment on, am I spending on what I need and not what I want.   If that’s you. This is hitting everybody differently.  It’s different for everybody”.  - WE 

      • “You can afford everything that is in your budget”.  - WW

      • “Keep yourself in a positive state of mind and trust that any economic setback is a temporary situation”. - WE

      • “Look at the things that can free you from financial stress”. - WE

      • “All economic setbacks are temporary”. - WW

      • “The things that are out of your control are out of your control”. WE

      • “Live within your means”.  - WW

      • “The economy does not decide for you, you decide for yourself under the guidance of the Lord”.  - WW

      • What can you do to strengthen your finances in the next six months? List two or three things.

      • SPONSOR

        This episode is brought to you by our Wealth and Wisdom Stewards Circle! If you're seeking a community rooted in faith that can help you improve your financial situation, the Wealth and Wisdom Steward Circle is the place to be. With our biblical finance curriculum, group coaching, and community, this membership is tailored for Christians who want to establish better financial habits and attain financial stability and freedom. If you’re ready to take control of your finances and achieve your goals, join the Wealth and Wisdom Stewards Circle at: https://bit.ly/tfcstewardscircle

        Let’s Connect

        Connect with Weslia Echols, AFC®  and  Willa Williams, AFC®,  Trinity Financial Coaching

        Instagram: @mytfcoach | https://www.instagram.com/mytfcoach/

        Facebook: @mytfcoach | https://www.facebook.com/mytfcoach

        Website: https://www.mytfcoach.com/

        Schedule a 30-min Discovery Call: https://www.mytfcoach.com/book-online


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        Wealth and Wisdom Together®By Willa Williams and Weslia Echols