Good Sense Ministry ...
What could the People of God do for the Kingdom of God if they were DEBT FREE?
Have you ever thought ...
- "A little more money would solve all my problems."
- "Just a few more things, then we'll be happy."
- "Debt is expected and unavoidable."
- "It's ok to carry a credit card balance, as long as I can pay the minimum payment."
The mission of Good Sense Ministry is to educate people about the Biblical Financial Principles of money management so they can move out of financial bondage into financial freedom.
Financial Nuggets ...
Credit Card Math
Based on paying the minimum payment on a $5,000 balance |
| Credit Card | Interest Rate | Min % Payment | Total Interest Cost | Years to Pay Off |
|---|---|---|---|---|
| A | 9.90% |
2% |
$3,307 |
21.7 |
| B | 3% |
1,828 |
13.6 |
|
| C | 4% |
1,265 |
10.1 |
|
| D | 16.15% |
2% |
9,593 |
36.3 |
| E | 3% |
3,908 |
17.3 |
|
| F | 4% |
2,465 |
11.9 |
|
| G | 19.80% |
2% |
21,779 |
63.7 |
| H | 3% |
5,858 |
20.8 |
|
| I | 4% |
3,410 |
13.3 |
Savings Momentem
Saving $325/mo at 12%, it will take 20 years to save your first $300,000; but the second $300,000 will be added in just 5 years; and the next $300,000 in just over 3 years. That's the power of mometum! *
A Tale of two brothers
Ben saved $100/mo @ 12% from age 22 to age 72. At the end of 50 years, he retired with $3,905,833. His brother Dan also saved $100/mo starting at age 22. But he removed $5000 for a down payment on a house at age 27. He continued to save $100/mo until age 72; but he retired with only $2,828,000. That $5000 removal cost Dan over $1 million. *
How we can help...
Whether you're financially secure, or in financial distress, the Good Sense Ministry at Hillside can assist you in the following ways:
Attend a Good Sense Budgeting Course
What is the Good Sense Budgeting Course?
The “Good Sense Budgeting Course” is a six hour course which teaches the biblical principles related to money and trains on basic budgeting tools. Attendees leave this course with a God-honoring budget in their hands, knowledge in their heads to implement it and hope in their hearts to follow through.
When is it offered?
The course is generally offered twice a year, the next course will be sometime in the fall.
Join Financial Peace University
What is Financial Peace University?
Financial Peace University is Dave Ramsey’s 13 week, life-changing program that empowers and teaches you how to make the right money decisions to achieve your financial goals and experience a total money makeover.
When is it offered?
This course is offered each semester at Hillside. Registration for the current semester's course is currently closed.
This course is also offered to small groups at Hillside. If you are a small group leader or member and would like to find out more information about bringing FPU to your small group, send and e-mail to GoodSense@YourHillside.com
Request Help from a Good Sense Counselor
Hillside has trained Good Sense counselors that can sit down and assist you confidentially with preparing and living on a budget. Counselors are also available to provide perspective on financial choices.
If you'd like to speak with a counselor, or would be interested in becoming a counselor, please contact the church office or send an e-mail to GoodSense@YourHillside.com.
If you are ready to request assistance, please click here to download a Client Profile Application Form. Once you've completed the application; click the "Submit" button on the form to forward your application to a Good Sense Counselor.
Resources
The following links can be used to download various budgeting resources ...
- Client Profile Application Form
- Biblical Financial Principles
- Monthly Spending Record
- Gift Worksheet
- Debt Reduction Plan Worksheet
* Dave Ramsey - "More Than Enough", 1999 Penguin Books