Crown Financial MinistriesCrown Money Map – your visual guide to

True Financial Freedom

We are going to talk about a Spending Plan

We are going to look at some Steps to Financial Freedom

Next week we will start the 4 Week Course – The Road to Financial Freedom

The Road to Financial Freedom4 Week Course

#1 – Who’s in Control? – God’s Responsibilities & Our Responsibilities

#2 – A Slave to the Lender – Living Debt Free

#3 – Giving Back – Investing for Eternity

#4 – Who’s your Real Boss? - Work in your Ministry

The Crown Money Map - When you get home open up the map and look

at the welcome and the instructions

- Review “My Life Purpose”, “My Life Goals”, “Foundational Principles”, and “Tools for the Journey”

- Remember that life purpose comes from God and a personal relationship with Jesus Christ.

- Review “Prepare for the Journey” and the “6 Destinations” on the Road to Financial Freedom

A Spending Plan

Recognizing financial bondage

Understanding financial freedom

Knowing and following God’s principles

Experiencing true financial freedom

Steps to Financial Freedom1. Transfer Ownership

2. Become Debt Freea. have a written plan – needs/wants/desiresb. determine essentials for livingc. think before buyingd. discontinue credit buyinge. avoid leveragef. practice saving

Steps to Financial Freedom3. Establish the Tithe

4. Accept God’s Provision

5. Keep a Clear Conscience

6. Put Others First

7. Limit Time Involvement

8. Avoid Indulgence

9. Get Spiritual/Scriptural Insight

Steps to Making a Budget1. List Monthly Expenditures for the Home

a. fixed expenses b. variable expenses

2. List Monthly Available Income

3. Compare Income to Expenses

Analyzing your BudgetTake the sub-totals of your expense categories

and compute the percentage of your net income:

Net monthly take-home income is $3,000 Housing Expense Category totals ($1,000)

Computation = $1,000 / $3,00033.3%

Perform this for every expense category

Example Budget

- See handout

- Keep in mind the budget categories should include all expenses – example: automobile – car payment, gas, maintenance, etc…