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Showing posts with the label Money Management

6 Practical Ways to Spend Less and Create Financial Margin

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Feeling like you're living paycheck to paycheck? The secret to building wealth and reducing financial stress isn't always about earning more; it’s about creating financial margin —the space between what you earn and what you spend. By taking control of where your money goes, you can align your spending with your values and start working toward your goals. Sometimes it seems that God’s financial provision for us isn’t constantly growing larger and larger and we need to be wise about how we spend these resources.  If you are not regularly receiving raises at work and extra income for side jobs or business isn’t a possibility in this season of life, you may want to consider how to save money by spending less on your everyday expenses.   In Genesis 41: 34-36, we read, “Let Pharaoh proceed to appoint overseers over the land and take one-fifth of the produce of the land of Egypt during the seven plentiful years. And let them gather all the food of these good years that are comi...

From Avoidance to Action: How to Build a Budget that Works

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  I ask a simple question, but the response is often the same: "Do you have a budget?" "A what?" "Do you have a spending plan so you know where your money is going?" "Ummm... no." "How do you keep track of your money?" "We don't." That feeling of dread, of wanting to keep your head in the sand—I can understand it. It feels easier to just worry about money when a bill collector is calling. But they will call, and sometimes they will even take a piece of your income. Working in Human Resources and Payroll, I saw it happen on a regular basis. I would call an employee to let them know a garnishment had come in, and the common response was, "What do you mean? I was never informed about it," or, "Which company is garnishing now?" Not tracking your money and not paying your bills will only lead to more problems. In my own family, there were periods when our income didn't cover our expenses. We didn't b...

The Path of Financial Unity: Connecting Your Finances as a Couple

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A couple years ago, when I was in high school, I played tennis.  Ok, Ok, it was actually a few decades ago.  Playing singles tennis was fun.  If the ball came over the net, it was up to me to return it.  Run up to the net or back to the base line, it was all up to me.  When I played doubles it was a different story, the boundaries were bigger.  I had to pay attention and not run into my partner or worse hit them with my racket or the ball.  One of the fun things to do though was hit the ball right between the partners playing on the other side of the net.  Many times neither one would hit the ball, even though it would be easy for either one to hit it expecting the other would either get the ball or wouldn’t want to hurt the partner.  We called it the “Hubby Wife Area” lack of communication was a real issue.   This simple game of tennis reveals a profound truth about relationships. When it comes to a couple’s finances, that same lac...