My 5 for Friday (August 17, 2018)

Does it matter how you pay off credit card debt? What are some common mistakes among new leaders? And should you give to your church before other ministries?

All these questions and more are answered in this week’s My 5 for Friday.

  1. 5 Tips for Frugal Living from Crown Financial Ministries. “Frugality is a mindset, and just like with any other skill, it sometimes takes practice and consistency to implement it into your life.” What are some ways to get started? Check out these five practical tips on how to start implementing a frugal lifestyle.
  2. 7 Rookie Mistakes New Leaders Should Avoid by Ron Edmondson. In this article, Ron Edmondson points out that “Leadership is never easy, but new leadership is extremely difficult.” In the midst of the difficulty of leadership, be careful to avoid these seven mistakes, common among new leaders. This is worth reading.
  3. Avoiding the Cash Flow Crisis by Todd McMichen. Too often the big dreams of a church vision aren’t backed up by the finances needed to see it through. Here, Todd McMichen lays out some ideas of how to answer the question, “How can we avoid the stress of cash flow and always be ready to say ‘yes’ to God’s next grand assignment?” Take a look to see how you can avoid this cash flow crisis.
  4. Should I Give to My Local Church First … Or to Other Ministries? by J.D. Greear. You may know that you’re called to generosity, but now you’re faced with the question of where to give. J.D. Greear offers his response to this common question along with a biblical explanation of why. Keep reading for helpful direction as you give.
  5. How You Pay Off Credit Card Debt Matters by Leo Sabo. Paying off credit card debt is crucial in freeing up your finances to become more generous. But there are ways to pay down this debt that are ultimately not very helpful. Leo Sabo lays out some of these unhelpful tactics so that you can gain a better understanding of the right way to pay off credit card debt.

How Do I Invest When I Don’t Have Much Money?

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