Mary B. Pearson, CPA
MAcc, Assistant
Professor of Accounting
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 Money
is the number one cause of stress for
75% of all Americans
 Money is the number one cause of
divorce(73%)
 50% of consumer purchases are made on
impulse
 The average American earns less than
$30,000 per year.
 The average US credit card debt per
household is over $16,000
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 Most
people misspend approximately 1% of
their annual yearly income monthly.
 Over 57% of households do not have a
budget.
 61% of Americans live paycheck to
paycheck
 40% of Americans spend more than they
earn.
 63% of Americans have less than 1% in
Savings
3
Often
when we lose hope and
think this is the end, God smiles
from above and says,
“Relax, it’s just a bend, not the
end!”
4
•Purchased a general store in
1832
•Started buying inventory on
credit
•Lincoln’s partner died and left
Lincoln with $1,000 debt.
•Creditors seized the only assets
Lincoln had, a horse and
surveying gear.
•It took Lincoln over 8 years to pay
off his debts.
5
•In 1922 Disney started
Laugh-O-Gram studios.
•A New York distributor
Failed to pay forcing
Disney into bankruptcy
in 1923.
•Mickey Mouse debuted
In 1928.
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•Hershey began his first
candy shop in New York in
1876.
•Six years later his shop
went under and Hershey
returned to Lancaster
Pennsylvania.
•Hershey began a caramel
Company and sold it in
1900 for 1 million so he
could focus on
Chocolate.
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 Burt
Reynolds
 P.T. Barnum
 H.J. Heinz
 Thomas Jefferson
 William McKinley
 Ulysses S. Grant
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Financial
Stress is not caused
by a lack of money, but by not
having a system that causes us
to make wise decisions about
the way we spend money.
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
Just by eating at home 3 – 4 days per week, instead of eating
out can save $250-300 per month, $3400 per year.

For every $100 purchase you consider spending, take 10,
10% of the purchase in time. IS THIS A WANT OR NEED?

Shop Less! Purchase groceries once a week, or every other
week. Every time you enter a store, 10% of the total spent is
unnecessary.

Pay with Cash. People spend 18% more when using a credit
card.

Cut unnecessary expenses: Phone Bill, $70 or more per
month and nearly $1000 per year.
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We
are judged not by how
much we have,
but by what we do with what we
have.
13
Change is an
Action
Word!
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 What
is one financial action you do
right?
 What is one take away you have
received from the Financial Wellness
Series? (Budgeting, Insurance,
Investments)
 What is one short term financial goal
you will accomplish?
 What is one long term financial goal you
will accomplish?
15
When
God solves your
problems, you have faith in
His abilities; when God
doesn’t solve your problems,
He has faith in your abilities!
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Life
is not a competition that we
win if we acquire the most money
or possessions. How we respond
to our economic condition,
especially the manner in which
we acquire and manage our
financial resources, is part of
life’s test.
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