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Personal Finance Basics: Saving (How to Save Money?)

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  Why do people save? Too often, it’s just "what's left over." For a steward, saving is intentional . It's deciding that future needs are more important than current wants.  Saving is prudence. Scripture warns against the foolishness of squandering resources today without planning for tomorrow (Proverbs 6:6-8, Parable of the Talents). Saving is taking ownership of your future provision.  Scripture also warns against saving and investing without being rich toward God with our finances Luke 12:13-21. We have seen how God has provided us an income and we want to wisely consider the expenses that we have chosen to use these finances for and now we have a surplus.  What are we to do with these finances? This is when saving rightly comes in. How to Save Money: Making it Non-Negotiable The biggest myth about saving is that it happens automatically with whatever cash is left over at the end of the month. That approach simply doesn't work because discretionary spending alw...
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Personal Finance Basics: Debt

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Do you feel the burden of debt—the constant payments, the rising interest, the lack of margin? Debt is a tool that can become a burden that limits generosity and future potential. Many of us use debt to make it through the month and if that is where you currently are, that’s OK.  Let’s continue to learn more about personal finances.   First we learned about our income and how  it is a powerful wealth building tool that God uses to provide for us.  We then discussed our expenses and how as stewards it's up to us to make wise decisions with the money God has given us.  Now what happens when we spend more than we make at any given time?  Often time that leads us into debt.   Some common causes of debt are lifestyle creep, keeping up with the Jones’s, purchasing a house, purchasing vehicles that are more than our budget, medical bills, furnace goes out, student loans, signature loans, payday loans, having poor insurance coverage, and retail thera...
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