Solomon in all his wisdom tells us that haste leads to poverty. Haste -- as in impulse buying. I see it and I want it. I've just got to have it.
The average American is overloaded with debt and one of the primary reasons is impulse buying. It is the easiest way in the world to do is go into debt.
This week I got something in the mail that said, "Just 142 easy payments." There is no such thing as an easy payment! Payments are always hard. Going into debt is like drug addiction. You say, "Just this one time" and you get hooked and end up giving all your money to impulse buying.
How do you get control? By keeping good records and planning your spending, that's called a BUDGET! A budget is simply planned spending. A budget is telling your money where you want it to go rather than wondering where it went.
Sent from my iPad
Monday 7 April 2014
Sunday 6 April 2014
Keep track of your finances
In biblical times, a shepherd's flock was his means of support, his finances. What I want you to get from today's verse is this: "Pay close attention to your money."
The Living Bible translation it puts it this way, "Riches can disappear fast so watch your business interests closely." Bottom line -- if you want to manage your finances well, you need to keep good records.
You need to know what you owe, what you own, what you earn, and where it's going. Ignorance with your finances can get you in trouble. How many times have you gone into a shop and said, "I wonder if we can afford this? Never mind! We've got credit." You put it on the credit card without realizing you don't have the money to pay for the credit card.
Since 1978, my wife and I have kept a record of everything we've spent. Even when we didn't have any money, we kept a record of it. It has helped us in the times it was difficult to decide what was really important. You might be saying, "I don't have the time to keep good records." If you will use the time that you use to worry about your finances to instead keep good records of your finances, you will have a lot less to worry about.
Sent from my iPad
The Living Bible translation it puts it this way, "Riches can disappear fast so watch your business interests closely." Bottom line -- if you want to manage your finances well, you need to keep good records.
You need to know what you owe, what you own, what you earn, and where it's going. Ignorance with your finances can get you in trouble. How many times have you gone into a shop and said, "I wonder if we can afford this? Never mind! We've got credit." You put it on the credit card without realizing you don't have the money to pay for the credit card.
Since 1978, my wife and I have kept a record of everything we've spent. Even when we didn't have any money, we kept a record of it. It has helped us in the times it was difficult to decide what was really important. You might be saying, "I don't have the time to keep good records." If you will use the time that you use to worry about your finances to instead keep good records of your finances, you will have a lot less to worry about.
Sent from my iPad
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