Religion & Spirituality:Christianity
We have no problem spending. Americans spend 90% of their income. We are not so great at savings, but it does not have to be so in your family finances.
In This Episode, We Look At:
Why Save?
The Bible teaches us that it is wise (Proverbs 21:20) and, practically speaking, expenses come up as well as God-appointed opportunities and when we are not saving we miss out on those opportunities, and are tempted to take on debt for expenses we cannot afford.
When to save?
With every paycheck, commission, sale, however you earn your living.
How much?
The earlier you can start saving, the more beneficial it is to your finances. We tend to limit ourselves within the conventional guidelines handed down from generation to the other, try to save 10%.
Why not 15%, 20%, or more?
There is a saying, If you think you can, you're right. If you think you can't, you're right.
There is a trade off.
There are countless pleasures that money could be spent on rather than saved. Obviously we each to make saving a priority in our financial picture if we expect to accumulate a reasonable sum.
Improve Your Faith and Finances:
Save and trust. Pay yourself, preparing for the future and trust in the Lord as Provider and Protector.
Share Your Thoughts:
If you have a question or comment about today's topic, we invite you to share your thoughts.
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