35 sec listen: Financial Healing: Spending
Join us live today on My Money Time, 3:30 PM California time, using the link below.
Hello Financial Healers,
Budgets can get complicated, but today I’ll teach you the world’s easiest money tracking method, the LGS. It breaks down every dollar you make into 3 manageable areas:
Living - housing, auto, personal, health, entertainment, education, admin, and tax.
Giving - donations, tithes, offerings, and gifts.
Saving - retirement, savings, and investing.
How do you use it? Simple. When money comes in, set aside a certain percentage into giving and saving, then live off the rest.
80-10-10
To increase your wealth long term, I recommend an LGS of 80-10-10. This means you live on 80%, give 10%, and save 10%. Living on 80% can be a challenge, so work with what you have. You can always adjust your percentages later.
We’ll cover more about the LGS in today’s coaching session. To get started, download my handout and join us live at 3:30 PM (CA time).
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God bless your Prosperous Soul,
Stephen K. De Silva
About the author: Stephen K. De Silva is an author, speaker, and financial coach. From 1995 until 2017, he served as the CFO of Bethel Church, and a member of the senior leadership team. Stephen’s unique experience, training, and gifting make him a pioneer in the subject of money. You can reach Stephen at hello@stephenkdesilva.com