12 Things We Should Be Thankful For

This year has been a season of trials for many but our situations are never our destination just a time of preparation. In this season of thanks and giving  take time starting TODAY and write down a list of things that you are thankful for. Here is a list of 12 Things We Should Be Thankful For from my pastor’s (Pastor Chad Selph of First Baptist Allen) November 12th sermon notes:

“TWELVE THINGS WE SHOULD BE THANKFUL FOR”
(1 Thessalonians 5:18)

“Every good and perfect gift is from above, coming down from th Father of the heavenly lights, who does not change like shifting shadows” (James 1:17, NIV).

1. T – I am thankful for teachers (Ephesians 4:11).
“It was he who gave some to be apostles, some to be prophets, some to be evangelists, and some to be pastors and teachers…” (Ephesians 4:11, NIV).

2. H – I am thankful for home (Ephesians 5:21-6:4).

3. A – I am thankful for animals (Genesis 1:24-25)

4. N – I am thankful for neighbors (Galatians 5:14).

5. K – I am thankful for kids (Matthew 18:1-6).

6. S – I am thankful for Scripture (2 Timothy 3:14-17).
“are able to make you wise for salvation through faith in Christ
Jesus” (2 Timothy 3:15, NIV).

7. G – I am thankful for grace (Ephesians 2:8-9).

8. I – I am thankful for intercession (1 Timothy 2:1-2).
“I urge, then, first of all, that requests, prayers, intercession and
thanksgiving be made for everyone— 2for kings and all those in
authority, that we may live peaceful and quiet lives in all godliness
and holiness” (2 Timothy 2:1-2, NIV).

9. V – I am thankful for volunteers (Isaiah 6:1-8).
“Whom shall I send, and who will go for Us?” (Isaiah 6:8, NIV).

10. I – I am thankful for the incarnation (John 1:4).

11. N – I am thankful for our nation (Romans 13:1).

12. G – I am thankful for God being God (James 1:17).

“Shout for joy to the LORD, all the earth. Worship the LORD with gladness; come before him with joyful songs. Know that the LORD is God. It is he who made us, and we are his ; we are his people, the sheep of his pasture. Enter his gates with thanksgiving and his courts with praise; give thanks to him and praise his name. For the LORD is good and his love endures forever; his faithfulness continues through all generations” (Psalm 100:1-5, NIV).

7 Ways to Sock Away Emergency Cash

Not having an emergency fund is the first step into the deep hole of debt.

With the economy forcing people to take a hard look at their finances, more people are realizing that they need to create an emergency fund, but how do you find the money to begin an emergency fund when you are just making ends meet?

Here are seven simple ways to find money to begin an emergency fund, which will allow you to create that all-important buffer for your finances.

1. Rearrange Your Current Costs
The least painful way to create an emergency fund is to rearrange the way you currently spend your money without actually giving up anything.

Chances are that you are paying much more than you need to be for a lot of the services you currently subscribe to such as cable TV, Internet access and phone service.

Calling these services with a competing offer in hand and asking for a better deal will often reduce the amount you are paying while keeping the exact same services you currently get.

The same can be done with home and car insurance as well. It usually costs companies much more money to find a new customer than it does to give you a discount, so they are often willing to give discounts to keep you from going to the competition.

You can then take the money you save to begin your emergency fund.

2. Play Saving Games
There are a number of saving games that you can play to get your emergency fund started. The most common of these is creating a money jar where you empty all your loose change at the end of each day, and collect the money at the end of the month to use for your emergency fund.

A wide variety of money games like this can serve the same purpose.

3. Increase Your Income

If you have already tapped all the ways that you know how to save money, another option is to make some extra money.

There are a number of ways that you can accomplish this, including finding a part-time job, doing freelance work or starting your own side business.

You can begin a number of jobs that cost very little money to create, and the extra money gained can become your emergency fund.

4. Sell Stuff

In all likelihood, you have way more stuff in your home than you need. A simple walk around you home looking into the closets, garage and other storage spaces should readily confirm this.

If you haven’t used it in the past year, you probably don’t need it. Instead of keeping it in storage and letting it gather dust, have a garage sale, put it up for sale on Craigslist or list it as an auction on eBay.

Set aside any money earned to initiate your emergency fund.

5. Pay Yourself

The reason that the IRS takes money out of people’s paycheck each month is because if they didn’t, they know that most people wouldn’t have the money to pay their tax bill come April 15. They want to make sure they get their money, so they take it upfront.

You should have the same attitude with your emergency fund and pay yourself first when your paycheck arrives. Have a set amount taken out of each paycheck before you pay any other bills that gets transferred into your emergency fund.

Another way to accomplish the same goal is to finish paying off a recurring bill such as a credit card or car payment. Instead of using this newly freed up money to buy new things, keep paying it, but this time to yourself earmarked for your emergency fund.

6. Set Up an Account

When setting up an emergency fund, you will want to open up a separate account so that the emergency fund money isn’t mixed in with your regular spending money since mixing makes it much easier to spend the emergency fund money on nonemergency things.

Online banks often offer money promotions for opening accounts, which can get your emergency fund started just for setting it up.

7. Pay Yourself for Things You Use

One of the easiest ways to always have an emergency fund available is to learn to pay yourself to use things you already own.

Getting into this habit ensures you have a mini emergency fund for all the things you use on a regular basis and puts you in a position of never having to buy things on credit again.

Embrace one of the above ways to begin the emergency fund, and give yourself a bit of breathing room.

* excerpt from Jeffrey Strain article at TheStreet.Com.

As lending requirements tighten even for the most responsible consumers credit scores are becoming increasingly more important. In order to get a loan these days, a consumer’s score not only needs to be healthy, it needs to be in fighting form.

Today, a FICO credit score of 750 or higher is considered the gold standard among lenders, says Ben Woolsey, director of marketing and consumer research at CreditCards.com, whereas in the past borrowers with scores of 720 or higher could land the best rates (FICO scores range between 300 and 850).

Banks are only lending to people with stellar credit and I think that will continue for some years, says Linda Sherry, spokeswoman for consumer advocacy group Consumer Action.

Those whose score falls well below this all-important 750 level can expect to hit some hurdles. They may have a harder time getting decent rates on a mortgage or student loan.

The problem is there are all sort of ways your score can get decimated and we’re not just talking about an overdue bill. Some strikes come unexpectedly and the damage is done before you know it. To prevent any surprises, here are five not-so-obvious ways your credit score can get tarnished:

Too Many Inquiries

Each time a lender looks into your credit history, the credit agencies take note. If too many creditors start dipping into your file within a certain timeframe — say six months to a year — it starts to have a negative impact on your credit score, explains Gerri Detweiler, credit advisor for Credit.com.

The problem here is that consumers don’t always realize when their credit is checked. If, for example, you shop for a new cellphone plan, the service provider will typically check your credit report and use the information in its decision to sign you up. Most utilities, including cable providers, fall into this category, as do (surprisingly) car-rental agencies. An inquiry shows on your credit report and can degrade your score if you actively sought out the credit relationship; inquiries made unsolicitedly (like when you receive a credit-card offer in the mail) won’t hurt your score, says Craig Watts, spokesman for Fair Isaac.

Similarly, when shopping for a mortgage or auto loan, Sherry advises that consumers apply for loans within a 30-day period. The FICO scoring model recognizes that if you go out to six car dealerships within two or three weeks and they all pull your credit, it’s seen as shopping for one car, not six, says Sherry. But if you visit six different dealerships over a span of several months, it might look like you’re shopping for six cars. You want to take your time but not too much, she says.

Small, Unpaid Debts

Believe it or not, that parking ticket you put off paying can come back to haunt you. The same things goes for the movie you returned a week late to Blockbuster and the book you borrowed from the library in 1999. After a certain period of time has passed, some cities will turn a bunch of unpaid debts over to a collection agency. The agency pursues the overdue amounts, and when a collection agency record shows up on your credit report, it will absolutely hammer your credit score, says Watts.

Store Credit Cards

Landing a 15% discount on that new winter coat — just for signing up for a Banana Republic store card — can be really tempting. The problem, though, comes when the collection of cards in your wallet look like the store directory at the mall. All those cards for individual retailers means you have a lot of open lines of credit, which the credit bureaus tend to view as potential trouble, especially when the cards aren’t affiliated with a national provider such as MasterCard or Visa, says Woolsey. The negative impact on your credit score will most likely outweigh those one-time discounts at the store, he says, not to mention that APRs on retail cards can reach as high as 26%.

Authorized Users

Whether it’s to make sure their college-age son or daughter can access emergency funds or pay for a hotel room over spring break, many parents add a child to their credit-card accounts as an “authorized user.” This means the principal cardholder (in this case, let’s say the mother) allows her son to use the account, but does not hold him responsible for making the payments. For the most part, it’s a win-win situation for the son. He not only gets to put pizzas for his friends on the family plastic, he also gets the added benefit of building up his short credit history. But if Mom is late paying the bill even one time, her credit score will drop and so will her son’s, says Watts.

Name Changes

Something as innocuous as a middle initial can impact your credit score for the worse. Say you’re known as Jenny E. Smith on your credit report. You apply for new credit one day and drop the E, or decide to go with Jennifer instead (or you take your husbands name). The credit bureau will create a separate file for you even though Jenny E. Smith and Jenny Smith both live at the same address, says Watts. To prevent these kinds of errors from spoiling your credit score, notify your creditors and the credit bureaus of any name change, says Watts, and make sure they understand you’re the same person.

*excerpt from October 20, 2008 article by Lisa Scherzer at SmartMoney.com. All Rights Reserved.

There have been many articles and reports written explaining supposed ways to cut your grocery bills. Sure, you can eat only bargain noodles and generic beans. That will save a little money. Wash out those plastic bags and reuse them. That will save a few cents. But there is one sure way to cut your grocery bills in half (or more!) that is easy and you can still buy brand name items. By intelligently using the system detailed in this report, you will see savings from the first day.

First, save coupons. Too many people think coupons are a waste of time, or that they only raise the prices that are charged on items. This is false! Buy a box of envelopes, and label your envelopes with the categories of food and products you buy regularly. You can be as broad (“vegetables”) or exact (an envelope for each brand of canned vegetables you regularly buy) as you want. Clip every coupon you come across and file them in the proper envelope.

Sunday newspapers are the best source for coupons. If you find a lot of coupons you can use on a particular Sunday, it may be worth your while to buy a second copy of the paper, to get another set of coupons. If your paper costs $1.00, you can make that back with two 50-cent coupons. The rest will be profit!

Next, watch the sale flyers. When you see items on sale that you have coupons for, that’s the time to buy. Here’s something a lot of people don’t realize. Say you have three 50-cent coupons for “Bill’s Beans.” You can only use one coupon per purchase. But, if you buy three cans at once, that’s three purchases, and you have every right to use all three coupons. Also, watch for stores that offer “double coupons.” That means that they will double the value of the coupon, usually up to 50-cent value coupons. Buy the sale items with doubled coupons, and your saving increase!

For best results, you should try to have a coupon for at least one-half to two-thirds of the items you buy on your shopping trip. Make a shopping list before you go and stick to it. This prevents impulse buys. Also, funny as it may sound, don’t go grocery shopping on an empty stomach. If you do, you’ll no doubt buy extra things that sound good to you at the time, but you may not end up eating.

That’s the first half of the system. Using coupons to their fullest extent is a major part of grocery bill cutting. Next comes rebates.

When you use any canned, boxed or bagged goods, save the package. Labels can be soaked from cans with warm water, and the outside layer of a box (the part with the printing on it) can usually be carefully peeled off. Use a few grocery boxes to organize these. Alphabetically is the best way. These can be stored in an unused closet or the garage. Also, keep your receipts. You’ll need them for rebates. Then, when you see a rebate for an item you regularly buy, you can get the required proof of purchase easily and quickly from the packaging.

Here’s how these fit together: For example, you have three 15-cent coupons for a 79-cent canned vegetable. The vegetables go on sale for 69-cents at a store that doubles coupons. You can now buy three cans of the vegetables for 39-cents each (69-cents minus 30-cents per coupon). Then, a few weeks later, the manufacturer has a $1.50 rebate that requires three proofs of purchase.

By sending in the rebate, you have now made a profit of 33-cents ($1.50 minus $1.17). Many manufacturers will reimburse you for the cost of postage to send the rebate and proofs in, so you get the full 33-cents.

Think about it. If you are able to do this with at least half of your grocery purchases (and you should, if you try), you can cut your grocery bill at least in half, if not more! All this for not a whole lot of work. It may seem a bit much at the start, but once you get a good, organized system in place, it will be quite easy.

To your successful journey,

Flora M. Kynard, Senior Personal Financial Trainer
Prosperity Renewal Ministries

ARE YOU LED OR ARE YOU DRIVEN?

“We are assured and know that [God being a partner in their labor] all things work together and are [fitting into a plan] for good to and for those who love God and are called according to [His] design and purpose.” Romans 8:28 (AMP)
We call it life in the fast lane.

We have never had so many comforts and conveniences designed to lift the burden, ease the pressure, and lighten the load. Yet we have never had so much stress and anxiety! That’s because we have never learned that God has a personal plan for our lives. He usually gives it to us day-to-day, hour-by-hour, and sometimes moment-by-moment.

He did not ask you to design the plan, He only asks you to seek Him and discover it. Peace does not come from winning the World Series or becoming president of the company. Usually what it costs to get there and stay there is our health, our families, and our sanity.

Child of God, real peace comes from knowing that everything in your life is in God’s hands and is fitting into His plan because He loves you and has committed Himself to this eternal principle: Everything will work out for your good and His glory.

Blessings,

Flora