From My Heart, Out Of My Mind

Archive for March 22nd, 2009

“Generation Debt” and the Church

Posted by Don Bryant on March 22, 2009

Here is a story about a spirited competition at Park Street Church on the Boston Commons, the Biggest Saver. modeled after TV’s The Biggest Loser.  A great idea for younger couples starting out, and not a few of the rest of us.

Some tips:

Take control: Gain a full understanding of your finances by putting together a budget and spending plan, and assessing your debts.

Time is money: The earlier you start paying off debt and start saving, the more you benefit from the exponential effect of compound interest.

Retirement: It’s never too early to start saving.

Accountability: Share your goals and plans with someone who will help keep you in check.

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