SMART Goals, Budgeting & Ways 2 Save

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Slide 1

Financial Management
Tiffany Cogdell, CEO That Makes Cents
thatmakescents.me
tiffanycogdell.com

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Slide 2

What if you could learn to steward your money God’s way, live your God dream & live generously….would you do it?

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Slide 3

Tiffany Cogdell
CEO, That Makes Cent$, LLC
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Slide 4

Objectives

Slide 5

Financial Management
The stewardship of God’s resources according to His principles. Matt 25:14-30

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If talent of gold: $2M per talent
If silver: $30k per talent

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Slide 6

Does it make sense to:

Pray for financial breakthrough if you’re ignoring financial wisdom?

Ask God for more, when you’re not stewarding well that you have?

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Slide 7

FINANCIAL STATS
The Gospels contain more warnings against money and its misuse than any other subject.
1 in every 4 verses in Matthew, Mark & Luke deals with money.
1 in every 6 verses in the N. T. deals with or references money.
Almost ½ of the Parables of Jesus reference money.
The 1st apostle to fall was over the love of money.
The 1st sin in the early church was concerning money.
2350 times, money/stewardship is mentioned.

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Slide 8

How often is money/stewardship mentioned in the Bible?

Slide 9

How often is money/stewardship mentioned in the Bible?

Slide 10

GOAL SETTING
Tiffany Cogdell, CEO That Makes Cent$, LLC
www.thatmakescents.me

Slide 11

Write down your top 2 financial goals.

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Slide 12

Commit to the Lord whatever you do, and he will establish your plans.

Proverbs 16:3

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Slide 13

The plans of the diligent lead to profit (abundance), but everyone who is hasty comes only to poverty.

Proverbs 21:5

Slide 14

Write down the revelation (vision) and make it plain on tablets so that whoever reads it may run with it. For the vision is yet for an appointed (future) time It hurries toward the goal; it will not fail. Even though it delays, wait for it, because it will certainly come; it will not delay

Habakkuk 2:2-3 This Photo by Unknown Author is licensed under CC BY-NC-ND

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Slide 15

What are your God dreams?

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Slide 16

GOALS

Slide 17

Barriers to your goals

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Lack of knowledge/wisdom, not setting goals, no accountability, undisciplined
Sometimes YOU are your biggest barrier

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Slide 18

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+ Define the goal s much as possible with no unclear language
J+ Who is involved, WHAT do | want to accomplish, WHERE wii be done,
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+ Canyou track the progress and measure the outcome?
+ How much, how many, how wlll know when my goal is accomplished?
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+ Isthe goal reasonable enough to be accomplished? How so?
+ Make sure the goal isnot out or reach or below standard
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+ Your objective should include atime limit. 6c will complete this step by
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+ It wil establish a sense of urgency and prompt you to have better time
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Slide 19

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Slide 20

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Slide 21

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Slide 22

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Slide 23

Example Goal
Goal 1: Get in Shape.
Goal 1 Specific: Tone up my body and lose 5 Ibs in the next 30 days.
Yes. Measure weight and BMI. Track water intake and exercise days
Workout 4 days a week (3 days meet friend at the gym) weekend day workout at home. Drink more water - half my weight in oz. Use Fitness Pal app to track progress.
Will allow me to feel better and have more energy throughout the day.
Enter info in MyFitnessPal. Re-measure after 30 days.

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Slide 24

Example Goal 3

Slide 25

Make this a SMART Goal
Save $1000 for emergencies

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Slide 26

Example Goal 2

Slide 27

Make your top 2 financial goals SMART goals

Accountability
Reward

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Slide 28

Budgeting
Tiffany Cogdell, CEO That Makes Cent$, LLC
www.thatmakescents.me

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Slide 29

Budgeting

Slide 30

FINANCIAL STATS

Slide 31

FINANCIAL STATS (CONT)

Slide 32

BUDGET(Areas to Watch out For)

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Slide 33

FACTORS THAT IMPACT YOUR BUDGET

Slide 34

FACTORS THAT IMPACT YOUR BUDGET
Mindset
Stewardship
Avoid Use of Debt
Prepare for Emergencies
Spend Less Than You Earn
Distinguish b/t wants & needs
Don’t be pressured by society/culture
Plan for holidays & trips

Slide 35

What is a Budget?
Organized plan tracking your income and expenses.
Financial Awareness
Discipline & Planning
Emergency Preparedness
Peace of Mind
Goal Achievement

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Slide 36

Budgeting Method
Paper
Excel Sheet
CashCourse
Empower, Nerdwallet, Rocket Money, etc.

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Slide 37

Budgeting & Ways 2 Save

Slide 38

Budget Example

Slide 39

Tiffany Cogdell, CEO
That Makes Cent$, LLC
www.thatmakescents.me
919.373.5105
Questions?

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