Resources for Christian Women, Encouragement for Families

Finances, Finances, Finances

Happy New Year to all!

As we begin a new year, we often set new goals, make resolutions, establish priorities. An area sometimes neglected in the new year goal setting (or any goal setting period) is finances. A wise man of old summarized how to handle finances in three easy maxims: Earn all you can; Save all you can; Give all you can. Now each of these could be a message in itself and we may give more details in the coming months on these maxims, however, we have been listening to folks for years and a recurring struggle that folks are having is debt elimination.

For us just to say, don’t get into debt won’t really help those who find themselves in debt, whether $1000 or $10,000. In the next few blog entries, we will be discussing a book called: Radical Debt Elimination. Check out the website at:

There are many books, programs, and people stressing debt elimination. “Just pay off the smallest debt, then use that money plus the money budgeted for debt elimination to pay off the next smallest………..da de dah………” What’s unique about the approach in the book Radical Debt Elimination is what the Boynton’s call The Malachi Factor (TM). “We coined the phrase “The Malachi Factor (TM)” from the last book of the Old Testament, the book of Malachi…..We had nearly $80,000 worth of debt that was eliminated in just six years (including the mortgage)! While we were paying off our debt, we added five children to our family. At the end of those six years, we had a total of eight children (we have nine now) and my husband’s annual income averaged $28,700 over the six years. We want you to see that it is not necessary to earn a huge paycheck to eliminate debt quickly…….”

Check out their website, check out the book and stay tuned for more information on Radical Debt Elimination soon!