If you’re still working on your financial New Year’s resolutions for 2022, wouldn’t a long list of options be helpful? You’ve come to the right place to get your list of top 10 financial moves for 2022. Rob West chats about them with Joseph Slife, author of the <a href="https://soundmindinvesting.com/articles/view/your-10-most-important-financial-moves-for-2022">cover article in the current issue of Sound Mind Investing.</a>
<ul><li>Practice living in “conscious dependence” on God. The Lord is not just “out there somewhere,” and He is not to be acknowledged only on Sunday. People should take time each day to recognize their dependence on the Lord for “life and breath and everything else” — as the Apostle Paul said in Acts 17</li><li>Build your financial house on the bedrock of biblical principles. We never know what kind of financial storms may come our way — or when. It could happen in 2022. But if you base your financial decisions and actions on the protective principles, the stewardship principles taught in Scripture, you’ll be able to weather those storms</li><li>If you have the spiritual gift of giving, cultivate it. Every follower of Jesus is called to be generous, but we also know from what’s in the New Testament God has given some people the special gift of giving, just as he has given some people gifts of administration, and teaching, and so on. If you have that gift of giving, or think you might, study what the Scriptures say about it and make the most of that gift.</li><li>Make the most of every opportunity to give boldly. Teach your children to give generously too</li><li>Cultivate good habits. It’s easy to pick up bad habits, but good habits have to be cultivated. And means taking specific actions that reinforce good habits. For example, making a spending plan that puts you in a position to pay down your debt steadily, so you make paying off credit card debt, car loans, and other short-term debts a priority.</li><li>Start using a money-management app to plan and track their finances… like the MoneyWise app. That’s a great tool for making financial progress.</li><li>“Speak up to save money.” Ask, “Is there any better deal you can offer me?” Sometimes you can get fees waived and subscription prices lowered just by making a polite request. You never know unless you ask.</li><li>Don’t go into debt with Christmas spending. If you turn on the TV, the radio, browse online, marketing hype and financing deals are all over the place. Don’t be swayed by them. Instead, develop a plan for your Christmas spending and buy only what you can afford.</li><li>As you invest, it’s always good to keep in mind that this isn’t about just building as big a nest egg as you can. It’s about saving wisely and proportionately for future needs. Look realistically at where you are now and develop a prudent plan that moves you toward your long-term goals. Make this a spiritual matter, not just a financial one. People are well-served to pray over these matters and to seek out wise counsel.</li><li>Parents of children planning for college need to learn how to navigate the college admissions and loans process.</li></ul>Next, Rob answers these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org: 
<ul><li>If you and your husband cosigned on car loan for your son but the vehicle is now undriveable, should you stop paying if you still owe $8000 on it but you want to apply for a mortgage in the fairly near future</li><li>When is the latest you can take out of your TSP account and what is the minimum you need to withdraw if you are currently aged 56</li><li>Would it be a good idea for your husband to sign up to the 401k plan offered by the company where he works part-time if it has a match and you don't have much saved toward retirement</li><li>As a Mom, what's the best way to model smart money management for your 11 year old daughter</li><li>Should you stop contributing $1000 a month to your 401k which has no employer match and start repaying debt if you have $8000 in credit card debt and owe a family member $4000</li><li>Is it practical to continue paying for Whole Life insurance if you are age 53 and have a 13 year old child?</li></ul>Be sure to check out the rest of MoneyWise.org to connect with a MoneyWise Coach or access our books and our many free helpful resources. You can also find us on Facebook (MoneyWise Media) and join the conversation. Thanks for your prayerful and financial support that helps keep MoneyWise on the air. And if you'd like to help, just click the Donate tab at the top of the page.

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If you’re still working on your financial New Year’s resolutions for 2022, wouldn’t a long list of options be helpful?  You’ve come to the right place to get your list of top 10 financial moves for 2022.  We’ll chat about many of them just ahead.

Your Top 10 Financial Moves for 2022 with Joseph Slife

FaithFi | Dec 21, 2021

Show Notes

Where Faith Meets Finance

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