Heartbeat
August 31, 2014
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Please Pray For the Ill.
Amy Schenk (personal difficulties),Ruth Orr (stage 4 cancer), Lisa Sholty
(leg continues to heal),Heather Booker(due date is approaching), Randy Doty and Terri Levin (both have severe stomach problems), Jeff Anderson (continuing health problems),Andy Johnson (chemotherapy),Alan Gunnerson(Janet Gibb’s brother – his family is trying to cope with the side effects of his medications), Kenley Martin (seizures),Clara Fischer (Beth Fisher’s mother - undergoing cancer treatment), Jan Hurst (cancer)
Good News: Chris Reeves now has a job at PekinHospital and he and Jess will be moving back to Illinois.
Disaster Relief Volunteer Picnic
Sunday Sept. 7
3:00-5:00
Grieves Shelter at VFWPark
301 Springfield Rd
East Peoria, IL61611
Meat items, drinks, tableware, plates, etc. will be provided. Each family should bring a dish to share. Possibly side dishes or deserts.This pavilion has plenty of tables and benches, electricity, playground equipment and restroom facilities.
This picnic is for any who have volunteered in the relief work, in all of the different ways, including those who helped unload trucks, deliver furniture or other items, staff the ResourceCenter, sort items, made phone calls, or anything else.
Smile Boxes: We are now collecting items for the children in Nicaragua. The deadline to bring your donations will be sometime next month when we will put the boxes together. Please sign up so Bryan and Ann will know which items you plan to donate.
Gifts for Brittany Levin: Brittany is getting married on October 4. Those who would like to send a gift are encouraged to purchase a gift card from Walmart or HyVee or make a cash gift. See the details on the bulletin board.
10/10/10/70 Principle
Are you having financial troubles? I recently read a suggested guideline which can bring your finances back into line. It is called the 10/10/10/70 principle. It goes like this. The Bible says there is an appropriate way to spend your money. The first 10% of our income always goes to God. This is called tithing. This may sound like a lot, but statistics have proven that those who tithe have the greatest control of their finances and meet their expenses. This is because they are putting God first. Though we are not commanded to tithe, 10% is a reasonable number. The Old Testament commanded this amount. The New Testament demands that we offer everything to God and 10% of our income is an amount that shows we take our commitment seriously. If you can’t give that amount now, why not make it your goal? If you just can’t tithe and meet your necessities, give whatever you can. But always give to God first. Find other ways to give besides from your money, such as your time or your service.
The second 10% goes to savings. This is the most neglected area. The demands and desires of today cause us to forget what our needs may be tomorrow. But unexpected expenses always come. There will be things that need to be replaced. If we don’t have the necessary funds to meet these expenses, we can quickly find ourselves deep in debt.
The third 10% can go to one of two places, either to pay down your debt, or it will go to long term investment. This is building financial security. We need to get out of unnecessary debt and begin setting aside for our future. If you pay down your debt, then you can start investing for the long term.
Then you must live on 70%. So you will have to learn to live on less than you make or else you will constantly be falling back into the debt trap. So that’s the principle of 10/10/10/70.
The Snowball Plan from Dave Ramsey
First, list your debts from smallest to largest. Show the amount owed on each debt and the minimum monthly payment on each. Second, focus on paying off the smallest debt first. Each month, pay the minimum payment on all remaining debts but the smallest one. Pay the remainder of your budget for debt payments on the smallest debt. This will allow you to retire this first debt quickly, gain some confidence, and move on to the second debt on the list. Third, once the smallest debt is paid off, move to the next smallest debt remaining and attack it. Fourth, continue the snowball until all of the debts have been retired.