Once you write down where your money is going to, you need to set up a plan…We talked about the 10-20-70 plan (some may do the 10-10-80 plan) What is that? Tithe, savings, and living. We are talking about the tithe this weekend, but what I have noticed is that most do not have a savings account for emergencies. On average you should have at least 3 to 4 months salary in your savings account.
What usually happens is that an emergency arises and there isn’t enough money in the bank account, so where do people go…Plastic! Yup, they swipe the credit card until there is no more room for it to be swiped. So…that all being said, begin to pay off your debt, and then start your savings account.
