The Radical Experiment

We asked our Stewardship Team to put together a quick list of fifty simple steps we can start considering as individuals and families over the next couple of months as we prepare for a full-scale implementation of the 2010 Radical Experiment. We’re also working on one-day financial seminars as well as extended classes you might be able to attend in order to really begin saving, spending, and most importantly giving sacrificially in the days ahead. We’re getting close to the end with these steps, so here’s six steps you might take to better manage your cash flow…

Managing Your Cash Flow
42.    Use guidelines for what percentage of your income you should be spending on certain categories (housing, food, automobiles)
43.    Auto deposit your paychecks to a separate account and only move the amount necessary to pay bills to a separate bill-paying account.  This is especially useful for the self-employed or other with variable income.  Proverbs 27:12; Proverbs 6:6-8
44.    Have your savings automatically withdrawn from your paycheck and directed to a separate savings account so you are not tempted to spend it.
45.    Have your paycheck direct deposited to avoid the temptation of cashing it and spending it.
46.    Evaluate the cost of your hobbies and consider reducing or eliminating.
47.    Never overdraft your account.  Keep a cushion in your account in order to avoid overdrafts or service charges.