1. Stewardship Lesson 2

2. SMART Goals Specific Measurable Achievable Resources Timeline Write them down Short Term Long Term Find accountability – Share goals with your neighbor & small group

3. Dave Ramsey’s Baby Steps 1.$1,000 Emergency Fund 2.Pay off all debt (except the house) using the debt snowball. 3.3-6 month of expenses in savings for emergencies 4.Save for Retirement 5.College funding (optional) 6.Pay off home early 7.Build wealth! (mutual funds and real estate) Budget & Give “Live like no one else, so later you can really live like no one else”

4. Budget Analysis * Use Cash Spend every dollar on paper on purpose There is no perfect budget

5. Monthly Budget Last Line Applied to Debt Snowball Yellow = Cash Envelope System Automatic Transfers for Savings

6. Hazard #1: Credit Card Debt I HATE CREDIT CARDS Credit Cards are a crutch Pay it OFF every month or CUT IT UP Rewards are not Free

7. Hazard #2: Automobiles Common Mistakes: – Failure to Calculate (count) the total cost – Leasing – Frequent Turnover – Need vs. Want

8. Hazard #2: Automobiles Make 2 Calls when buying a vehicle. – Insurance Agent – Mechanic

9. Hazard #3: Housing Common Mistakes – Too Much House – No Budget – Borrowing the Down Payment – Tax Deduction