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Showing posts with the label Family Finance

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...

Why Budgeting is Important for Individuals and for your Family

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  Why Budgeting is Important for Individuals and for your Family Budgeting. The word itself can sometimes evoke a groan, a sigh, or perhaps a sudden urge to check social media. It’s often seen as a restrictive, tedious task, a financial straitjacket that limits fun. But what if we reframed budgeting not as a constraint, but as a powerful tool for freedom, peace of mind, and even stronger family bonds? In reality, embracing a budget is one of the most impactful steps you can take for your financial well-being, both as an individual and as a family unit. It echoes a timeless wisdom found in scripture, highlighting the importance of diligent stewardship. "Know well the condition of your flocks, and pay attention to your herds; for riches are not forever, nor does a crown endure to all generations. When the grass disappears, the new growth is seen, and the herbs of the mountains are gathered in, the lambs will be for your clothing, and the goats will bring the price of a field, and th...