Coffee and Money

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How to boss your budget. Coffee with a financial friend. Q&A with Emily Stroud, author of Faithful Finance. Biblical truth is finances! www.huntandhost.netNo one really ever says, “Hey, we should go have coffee and talk about money” for a variety of reasons. Money is personal and finances freak us all out in one way or another. Some of  us worry too much, some not enough. Some know a ton about handling money, other zilch. Either our money is bullying us around or we are the boss of our budget. But we don’t casually chat with our besties about it.

But honestly, don’t you ever wish you could sit down over coffee and get the scoop from a really smart financial friend? A sister who would share all the secrets to financial freedom? You know the kind of girl that would speak plain English and not highfalutin financial jargon that intimidates you? One that would let you know what she’s doing and what the bible says about fiscalness. I made up that word…that’s how much I don’t talk about finances.

Well, I have a friend for you.

Last summer I had the privilege of attending the She Speaks conference hosted by Proverbs 31 Ministry. It’s for aspiring writers and speakers and it was completely delightful. Especially the moment when a tap on my shoulder had me turning around to see a sorority sister from college standing before me. Emily and I had not been super close in college, likely because she had her head on way more straight than I ever imagined at that time and she was not prone to hanging out in the same places I was back then. However, this familiar face brought me such joy and peace. I instantly had a desire to reconnect and learn about what she was up to.How to boss your budget: coffee with Emily Stroud, author of Faithful Finances. www.huntandhost.net

A few months later I reached out and learned that Emily’s aspiration to share the gospel through her gift of financial understanding and counsel had come to fruition through her new book, Faithful Finance. We swapped stories and caught up over a lengthy phone conversation, it was so sweet for my soul.  Of course I ordered her book in a fast frenzy. No one says, "Hey. let's have coffee and talk about money" finances can be the boss of us. Come over as I chat with Emily Stroud, author of Faithful Finance over coffee and see how easy she makes talking about money! www.huntandhost.net

I am so proud and impressed by my friend. This book is the real deal. It’s so much more than a book about money. It’s a book about life and love and caring for your loved ones and loving the Lord and trusting Him. Emily has such a sincere and non-intimidating way to set you on a journey of not only financial success, but an eternal path.

With all my heart I believe in the power we have as women when we learn how to marry our God given gifts with His purpose. Emily is a shining example.

You may be wondering why I am talking finances on a home décor/DIY type blog. It’s because I think the two go together like PB&J. So often we hold back in decorating our homes or tackling grandiose dreams because fear of finances bully us around. OR…our love of shopping and crafting cause us to overspend and get us into deep financial trouble. The freedom comes in both of these extremes with knowledge. Emily has the knowledge to help you know how much you can responsibly spend on your shopping habit each month or how to devise a plan to live out those big dreams in your head. Knowledge friends…it’s a good thing.

Here are a few Q&A’s from my chat with Emily I thought you’d enjoy!

1. Many women feel reluctant to spend money on decorating their home. It can feel worldly and frivolous. As a financial planner, how would you address that issue?
If I said decorating was bad, I would be the world’s biggest hypocrite.  However, please know that it is so important  to have your finances in order first!  If you have credit card debt or do not have an adequate cash reserve, then you should not be shopping at Hobby Lobby for ideas on how to decorate your home.  Your number one priority has to be necessities for your family and living “below your means”  before you spend any money you may or may not be able to afford on decorating.
 
Decorating your home is definitely not a “need.”  It is a “want.” However, I do think God calls us to be hospitable and to open our homes in order to love and serve our family and friends.  I personally love to decorate and I love to make my home feel beautiful and inviting for my friends and family.  I want people to leave my home feeling more refreshed, relaxed, and encouraged than when they first arrived.  I think the key is to find ways to decorate your home that are within your specific budget.  Do not try to compare yourself to others. It is not a competition.  This is where we can fall into a very bad trap financially.
2. You stepped out in faith and calling to write this book. What one piece of advice or resource would you give to someone who is feeling a similar tug, but feeling hesitant to leap?
 Get quiet.  Pray.  Seek wise counsel from friends or family you can trust.  If you feel God is calling you to do something way bigger than you, analyze the potential calling to see if it lines up Biblically with Scripture and if it is part of your unique skill set.  We are all unique and God CAN use each and every one of us.  However, most of us are so busy running on the hamster wheel of life, that we do not get quiet and still long enough to really LISTEN.  God will speak to you through prayer, his WORD, other people he puts in your path, if you will just listen.  He will lead you and guide you one step at a time.
3. How did you connect the dots between your call as a Christian and your gift of fiscal understanding?

Money is a tool to be used wisely.  It can be the root of all evil but it most definitely is not the root of all evil.  This is a very common misconception.  Working hard and creating wealth is also not bad. God honors hard work and He wants us to be wise stewards of the resources He has given to us.

There are two types of people that make up the church and the Body of Christ. I talk a lot about this in Faithful Finance.
 
Priests are missionaries, ministry leaders, and pastors with pulpit ministries in God’s kingdom.  Kings are the people in God’s kingdom who have resources and create wealth in order to support the ministry of the Priests.  We cannot all have pulpit ministries.  God needs both Kings and Priests.  I personally am a King in God’s economy.  I use my resources to support many people in ministry.  I am also on mission to teach the knowledge that I have learned through being a Financial Advisor for over 17 years to as many people as will listen.
 
Not only do I want fellow Believers to support God’s church financially by giving, but I also want to teach people Biblically sound personal financial planning advice.  The Bible has a lot of truth about how to handle your money so you can live a more fruitful and peaceful life.No one says, "Hey. let's have coffee and talk about money" finances can be the boss of us. Come over as I chat with Emily Stroud, author of Faithful Finance over coffee and see how easy she makes talking about money! www.huntandhost.net
4. What is the one thing you hope people walk away from your book knowing?

God is a good God.  He wants a relationship with each and everyone of us. The only way to know if your life is truly insured is to have a relationship with Jesus Christ.

5. Finances can be intimidating. What is one thing you would encourage women to start doing with their finances TODAY?

The very first step to achieving financial freedom is to create a realistic and detailed monthly budget.  I have already done the hard part.  I have created a budget worksheet for you.  Simply go to: www.emilygstroud.com and enter your email address and I will send you a budget worksheet.  This takes one more excuse away for not doing this today!

Having a realistic monthly budget is the first step in achieving financial freedom.  I want you to be informed. Having a budget will allow you to know exactly how much money you are bringing in to your household from all sources each month compared to how much you are spending.  Be prepared to be surprised!  It is so easy to pay for most of our daily expenses with credit cards these days.  As a result, most people are truly shocked to see how much money they really are spending each month.
 
Once you have a realistic budget, you will know how much money you have left over at the end of the month.  We call this discretionary income.  Then you can create a plan to allocate your discretionary income to your specific financial savings goals and needs.
6. Do you have any budget friendly decorating tips?
I like to repurpose what I already have.  I often move furniture around my house.  It makes me feel like I have new furniture and the rooms do feel different. However, it costs me nothing financially! I also try to keep most of my furnishings and accessories within the same color palette.  I can easily use throw pillows, accessories, and furniture in multiple ways around my home. When I get bored or want a change, I just move stuff from room to room.  
If you want to learn more about how to wrangle your finances from a Christian perspective you can order Emily’s book Faithful Finance: Money Essentials & Biblical Principles here***! She wants to sit and have that finance chat over coffee with you today friends!
Follow her on: FACEBOOK TWITTER or check out her blog Emily G. Stroud

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8 Comments

  1. Sounds like a great book. I think your friend is on point in her idea to create a welcoming home within our financial means. There is SO much you can do to create a beautiful home, even without a ton of money.

  2. I think this would be a helpful book with lots of encouraging ways to get you on the right track with money! We are living in such a social media world, its all around us, and it can be so easy to fall into this trap of buying and comparing. I think her spiritual view and experience will be helpful to many woman out their! God wants to give us our desires and to be able to express them, but she is so right you have to find the balance and rest in that! All the best to her ! :))

  3. Thanks for sharing this! I’m really good at creating a budget but really bad at sticking with it. I track every single expense but we rarely sit down and actually discuss it….accountability is lacking in my house. 🙂

    The Queen in Between

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