Monday Money Tip

About the Episode: 

• In this episode, we’re joined by guest Sarah Piercy (listen to episode 76), who explains why she did a spending fast (twice!), how it changed her and her family, and what lessons she learned through it.
• We’ll explain what a spending fast is and if now is the right time to embark on one. 
• Hear practical steps and encouragement from Sarah if you’re looking to do a spending fast.  

Resources:
BOOK: I Was Broke. Now I’m Not.
United & Untied
COVID-19 Resources
TOOLS: Budgeting
IWBNIN Ladder

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 29: All About Budgeting
Episode 76: Spending Fast
Episode 83: Money Saving Tips
Episode 91: COVID-19 & 10 Financial Steps You Can Take Now
Episode 92: Help! I Can’t Pay My Bills
Episode 93: How to Maximize Your CARES Act Cash
Episode 95: Winning With Money During a Recession

Sarah Piercy’s Bio
Sarah spent almost a decade in ministry as the Executive Assistant to the Lead Pastor of a growing church in Ontario, Canada, before welcoming her first son. She digs into her faith, her relationships, and herself to grow, and she’s known for challenging herself with life-experiments to make personal progress. Sarah continues to work part-time as an Executive Assistant, and on any given day, you’ll find her wearing many hats. Wife, mother, professional, personal chef, housekeeper, and - when she carves out that golden margin - she loves to write about her exploration of what makes life rich, meaningful, and worth living. She lives with her husband and two boys (with another sweet baby on the way) just north of Toronto.

Follow Sarah at
Website: United & Untied
Instagram: @sarahvpiercy
Twitter: @sarahvpiercy
Facebook: /sarahvpiercy

Email [email protected] to ask questions or share success stories.

About the Episode: 

• Today, we’re talking about what you need to do with your money during this type of economy since it appears like it’s going to take a while to recover from the Coronavirus Recession. 
• In our Current Money Events segment, we’re giving an Coronavirus update as it applies to your finances.
• Our success story comes from all our small business friends who have been able to receive the money from the Paycheck Protection Program. 

Resources:
Grad Special
COVID-19 Resources
TOOLS: Budgeting
FB Live: High School Students & Money
FB Live: College Students & Money
FB Live: Maximize CARES Act Cash
BOOK: Oxen: The Key to an Abundant Harvest
IWBNIN Ladder

Verse: “Let Pharaoh appoint commissioners over the land to take a fifth of the harvest of Egypt during the seven years of abundance.” - Genesis 41:34

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 02: Budgeting With Irregular Income
Episode 29: All About Budgeting
Episode 83: Money Saving Tips
Episode 91: COVID-19 & 10 Financial Steps You Can Take Now
Episode 92: Help! I Can’t Pay My Bills
Episode 93: How to Maximize Your CARES Act Cash

Email [email protected] to ask questions or share success stories.

About the Episode: 

• On this episode, we’re sharing foolish things people do with money and how you can avoid them!   
• With the development of COVID-19, our team had to change the episodes we had initially planned to release. This episode was scheduled for the end of March, but the content was so helpful, we wanted to make sure we released it.  

Resources:
Grad Special
COVID-19 Resources
TOOLS: Budgeting
IWBNIN Ladder
Financial Learning Experience
EBOOK: Managing Money With a Non-Participating Spouse
0% Balance Transfer Credit Cards
EBOOK: Selling a Car with Negative Equity
NEXT STEP: Online Banks
TOOLS: Saving & Investing

Quote: “Never argue with a fool. They will lower you to their level and then beat you with experience.”

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 02: Budgeting With Irregular Income
Episode 29: All About Budgeting
Episode 33: How to Never Have a Car Payment
Episode 61: The I Was Broke. Now I’m Not. Ladder - Explained
Episode 80: The Power of Coaching
Episode 89: Should I Have a Credit Card

Email [email protected] to ask questions or share success stories.

About the Episode: 

• Today, we’re talking about how to maximize your CARES Act (Coronavirus Aid, Relief, and Economic Security Act) cash payments that most Americans will be receiving very soon.   
• In our Current Events Segment, we’ll share how many banks are offering payment relief for a variety of loans including, mortgage, HELOCs, automobiles, etc.
• We’re also sharing a gift you could give high school and college students to teach them about money before they enter the real world. 

Resources:
Grad Special
COVID-19 Resources
ARTICLE: Banks Offering Deferment on Mortgage Payments During Coronavirus
CARES Act Resources for Small Businesses/Churches
TOOL: Budgeting
IWBNIN Ladder
TOOL: Known, Upcoming, Non-Monthly Expense Calculator

Verse: “The plans of the diligent lead to profit as surely as haste leads to poverty.” - Proverbs 21:5

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 02: Budgeting With Irregular Income
Episode 29: All About Budgeting
Episode 45: Graduation - Now What? 
Episode 61: The I Was Broke. Now I’m Not. Ladder - Explained
Episode 83: Money Saving Tips
Episode 85: Dealing With Financial Anxiety
Episode 91: 10 Financial Steps You Can Take Right Now
Episode 92: Help! I Can’t Pay My Bills

Email [email protected] to ask questions or share success stories.

About the Episode: 

• Today, we’re talking about what to do when there just isn’t enough money. What do you do? How do you decide who gets paid first?  
• We’re also sharing a gift you could give high school and college students to teach them about money before they enter the real world. 

Resources:
Grad Special
IWBNIN FB Live: COVID-19
COVID-19 Resources
TOOLS: Budgeting
EBOOK: Help! I Can’t Pay My Bills
IWBNIN Ladder
0% Balance Transfer Credit Cards

Verse: “For we do not have a high priest who is unable to empathize with our weaknesses, but we have one who has been tempted in every way, just as we are—yet he did not sin. 16 Let us then approach God’s throne of grace with confidence, so that we may receive mercy and find grace to help us in our time of need.” - Hebrews 4:15-16

QUESTIONS TO ASK:

1. What was the cause of this situation?
2. Is this an INCOME or an OUTGO issue - or both?
3. What are the required debt payments?
4. Is there something that can be sold?
5. What expenses can be stopped?
6. How can INCOME be increased?

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 02: Budgeting With Irregular Income
Episode 29: All About Budgeting
Episode 45: Graduation - Now What? 
Episode 63: 0% Balance Transfer Credit Cards
Episode 83: Money Saving Tips
Episode 85: Dealing With Financial Anxiety
Episode 91: 10 Financial Steps You Can Take Right Now

Email [email protected] to ask questions or share success stories.

About the Episode: 

• Today, we’re going to talk about 10 Financial Steps You Can Take RIGHT NOW in the midst of the COVID-19 pandemic.  
• We’re also sharing a way you could save $1,000 or more in your budget! 

Resources:
20-Day Savings Challenge
IWBNIN FB Live: COVID-19
TOOLS: Budgeting
EBOOK: How to Budget
IWBNIN Ladder
0% Balance Transfer Credit Cards

Verse: “For God hath not given us the spirit of fear; but of power, and love, and of a sound mind.” - 2 Timothy 1:7

Related Monday Money Tip Podcast Episodes:
Episode 01: Creating a Budget That Actually Works
Episode 02: Budgeting With Irregular Income
Episode 29: All About Budgeting
Episode 63: 0% Balance Transfer Credit Cards
Episode 83: Money Saving Tips
Episode 85: Dealing With Financial Anxiety 

Email [email protected] to ask questions or share success stories

About the Episode: 

• Today, we’re answering: “I have an idea for a business. Do you have some steps or tips you recommend for me?”  
• In our Current Money Events segment, we’re talking about the craziness of the stock market with the spread of the Coronavirus. 
• Our success story comes from Aaron, who is working to pay off all his debts and will be debt-free within a year and a half (including two car payments)! 

Resources:
20-Day Savings Challenge
TOOLS: Budgeting
IWBNIN Ladder
Next Steps: Banking
BOOK: OXEN: The Key to an Abundant Harvest

Quote: “A big business starts small.”

“Our anxiety does not come from thinking about the future, but rather from wanting to control it. Anxiety does not remove tomorrow’s suffering. It only removes today’s strength. Rest in who Jesus is and give all fears and anxieties to him.” - Judah Smith

Related Monday Money Tip Podcast Episodes:
Episode 20: 5 Basics of Investing
Episode 21: Making a Good Investment
Episode 33: How to Never Have a Car Payment
Episode 70: The Power of Planning

Email [email protected] to ask questions or share success stories.

About the Episode: 

• Today, we’re answering: “Can you share your thoughts about credit cards? I have been listening to Dave Ramsey, and he is really against credit cards. However, most people have credit cards.”  
• In our Current Money Events segment, we’re talking about spending money on pets. How much should you spend and are you spending more than the average person? 
• Our success story comes from Casey, who is currently on Rung #5 of the I Was Broke. Now I’m Not. Ladder!!  

Resources:
20-Day Savings Challenge
Next Steps: Banking
ARTICLE: Pet Industry Market Size & Ownership Statistics
IWBNIN Ladder
0% Balance Transfer Credit Cards
TOOLS: Budgeting 

Verse: “Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.” Romans 13:8 (NIV)

Related Monday Money Tip Podcast Episodes:
Episode 18: How to Pay Off Debt Quickly
Episode 28: 8 Ways to Speed Up Debt Elimination 
Episode 63: 0% Balance Transfer Credit Cards
Episode 81: How to Prevent Overspending 
Episode 83: Money Saving Tips

Email [email protected] to ask questions or share success stories.

About the Episode: 

• Today, we’re answering: “Following a budget is really difficult because I feel like I am constantly having to say, “No!” to myself - and the rest of my family. Can you help me address this feeling?”  
• In our Current Money Events segment, we’re talking about the turmoil of the stock market and what you should do. 
• Our success story comes from Emory, who is debt-free except the house and only 2 years away from being completely debt-free! 

Resources:
20-Day Savings Challenge
0% Balance Transfer Credit Cards
Next Steps: Banking
Financial Learning Experience 
See Our Team Live
TOOL: Debt Freedom Date Calculator 
VIDEO: Paying Off Debt with Debt Snowball
20/20 MONEY: Gaining Clarity For Your Financial Future
Latte Factor - By David Bach
TOOL: Monthly Investment Calculator 
TOOLS: Budgeting 
IWBNIN Ladder

Quote: “If you don’t sacrifice for what you want, what you want will become the sacrifice.” - Unknown

Related Monday Money Tip Podcast Episodes:
Episode 03: Making Savings A Priority
Episode 07: How to Teach Your Kids About Money
Episode 18: How to Pay Off Debt Quickly 
Episode 27: Sustaining Goals
Episode 63: 0% Balance Transfer Credit Cards
Episode 81: How to Prevent Overspending 
Episode 83: Money Saving Tips

Email [email protected] to ask questions or share success stories.

About the Episode: 

• Today, we’re answering: “Can you tell me how to get started investing?”  
• We’re also updating you on Joe’s Current Investments.
• In our Current Money Events segment, we’re talking about special days and how you can keep them from crushing your budget.  

Resources:
Download Joe’s Current Investments
20-Day Savings Challenge
Next Steps Section
TOOL: Known, Upcoming, Non-Monthly Expense Calculator
Follow Joe on Facebook
Charles Schwab
Next Steps: Investing
Next Steps: Banking

Verse: “Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.” - Ecclesiastes 11:2

Related Monday Money Tip Podcast Episodes:
Episode 20: 5 Basics of Investing
Episode 21: Making a Good Investment
Episode 22: Investment Fees
Episode 37: Joe’s Current Investments [2019]
Episode 70: The Power of Planning [Current Events Segment - Zero Trading Fees]
Episode 86: Pay Cash for Next Christmas (or a Vacation)  

Email [email protected] to ask questions or share success stories.