As a follow-up to Sunday's message, here is some practical advice to help you to become financially free and walk in the generosity the way that you want to and are called to. (2 Corinthians 9)
Big thanks to Jackie Morris for the advice, the resources and for helping me fact-check my message. 👏
Simple Steps to Financial Freedom: A Starting Point
Pray and ask God for wisdom and direction.
Get help. Financial counselling available all over.
Trust the process. You didn't get into debt overnight and you won't get out of it overnight.
If you think you can tackle it on your own:
Do a detailed list of all your credit cards - how much your limit is, how much you owe, and the minimum monthly payment.
Make a payment plan based on above and set them up as automatic payments from your bank account.
Get rid of all your credit cards.
Don't add any new debt no matter how small.
Pay more than the minimum on the lowest balance card with any extra cash.
Pay off the lowest balance first then go to the next, etc.
Call creditors and see if they can lower your interest rates.
Set a budget and stick to it.