Focus on the Family with Jim Daly Transform Your Finances: Smart Steps for a Secure Future
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May 19, 2025 Russ Crosson, a seasoned Christian financial advisor with over 45 years of experience, shares captivating insights on managing finances biblically. He discusses the importance of financial unity in marriages and provides practical budgeting tips for couples. Crosson introduces the concept of 'posterity investing,' emphasizing the value of strengthening family bonds. He also addresses the unique financial challenges faced by single parents, advocating for strategic resource management and community generosity. Overall, it's a thought-provoking dive into aligning finances with personal and communal fulfillment.
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Early Marriage Money Struggles
- Russ and his wife Julie initially struggled with financial management due to different habits and perspectives.
- They spent months aligning their spending approach, becoming financially unified for 45 years.
Live on One Income
- Live on one income as a couple and save the second to get a financial head start.
- This disciplined approach helps avoid debt and prepares you for big expenses like a house down payment.
Budget for Financial Freedom
- Budgeting provides freedom through control by managing living expenses, not including fixed items like taxes or debt.
- Spending less than you make over time is the key to financial freedom, not necessarily high income.
