I've been listening to a sermon by James MacDonald about the problem of debt in North America. I've been concerned about how easily debt creeps up on us. No matter what I never want to get back into the trouble we were in before. God has been pressing on my heart the need to take corrective action now. I feel he is calling us to lock in our mortgage and Derek started investigating that yesterday. I got back into the company stock plan, a company matched program. Through that 9% of my pay goes into savings. My goals for this year are as follows:
1. Be tithing a full 10% for the full year 2. Get to the point I am saving 10% of our gross income each month.
3. Be able to pay off all credit cards each month. Until we get there credit cards should not be used.
4. Reduce overdraft protection to $1000. Checking account should start and end each month in the black.
These will be my prayer requests for 2012 regarding our finances. First step will be to refinance and lock in our mortgage. Next step will be to itemize our debts and pray over them regularly Once I've done that then we need to spend this year tightening our belts and paying back rather than spending.