2. Crown Financial Ministries Crown 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

3. The Road to Financial Freedom 4 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

4. 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

5. A Spending Plan Recognizing financial bondage Understanding financial freedom Knowing and following God’s principles Experiencing true financial freedom

6. Steps to Financial Freedom 1. Transfer Ownership 2. Become Debt Free a. have a written plan – needs/wants/desires b. determine essentials for living c. think before buying d. discontinue credit buying e. avoid leverage f. practice saving

7. Steps to Financial Freedom 3. 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

8. Steps to Making a Budget 1. List Monthly Expenditures for the Home a. fixed expenses b. variable expenses 2. List Monthly Available Income 3. Compare Income to Expenses

9. Analyzing your Budget Take 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 / $3,000 33.3% Perform this for every expense category

10. Example Budget - See handout - Keep in mind the budget categories should include all expenses – example: automobile – car payment, gas, maintenance, etc…