Widows Well, a service of Church Investors Fund1-800-543-2343

Widows Well - Continue the Journey



Within the First Year

Develop a long-term plan for your financial stability.

Financial Housekeeping

  • Update your estate plan
  • Develop a budget
  • Use Budget Forms - consider these suggested percentage of income for each major expense
    • Example: Tithe = 10%
      Savings = 10%
      Debt = less than 7%
      Housing, (mortgage, taxes, insurance and utilities) = less than 38%
      Auto/Transportation, (auto loan, maintenance, fuel, insurance, registration) = less than 15% Food costs = 12%
      Insurance, (disability, life, health) = 5%
      Entertainment and recreation = 5%
      Medical and dental expenses, (medication, co-pays and deductibles) = 5%
      Miscellaneous for incidental expenses = 5%
  • Develop a short-term and long-term financial plan. Meet with a financial planer for this.
  • Assess your net worth

Path Markers

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Along The Way