Tuesday, May 13, 2008

Money..what can we do with it!

5 things you can do with your money:
1. Spend it
2. pay back debt
3. taxes
4. save it
5. give it
(HOW MOST OF US DO IT)

or consider this order:
1. give
2. save
3. taxes
4. reduce debt
5. spend

It becomes more important to me to see where the dollars are going as gas has continued to climb!!! $.46 in one month and still climbing....I just wanted to share a few points from a lesson a few Sundays back.....

Lust of the eye--you didn't NEED it until you saw it! Set boundaries!!! (I am good at this in most areas except I love to buy for my girls!! So I need to NOT buy clothes just because they are cute or on sale....how many clothes do they really need, seriously!)

Everyone lives that way....well so what...it is NOT OK....I do not want to be a slave to debt!!!

God loves a cheerful giver....give anyway--you can become cheerful later! Break the cycle of greed....and watch how you get money back...an unexpected check in the mail, a cheaper bill, a free prescription, the thing you need is on sale for super cheap.....it is kind of fun to see where the blessings show up!!

Create a budget!
1. find you annual income (net)
2. Debts (home, utilities, clothes) how much you spend!

One big point that was made that stuck with me follows. We are a nation of gratify now--Parents and grandparents delayed and saved until they could pay--and they appreciated it much more. We rush out and borrow money to have it done NOW not when we can pay cash. So what are you teaching your kids--something to think about! Think of what you can do for your children and your grandchildren if you were debt free!
Ending with 2 verses:

Proverbs 13:20 Walk with the wise and become wise; associate with fools and get in trouble.

Proverbs 16:3 Commit your plans to the Lord, and your plans will succeed.

No comments: