Hello JFWD Readers,
As a Chartered Accountant and Business Administrator wont be doing enough justice on this blog if i don't include some basic financials, that why I made the decision to include some basic finance talk. Enjoy the post.
When we work hard for something, we feel a sense of ownership over it. Whether we're working for a wage, salary or commission, we see the results of our hard work as ours. We have a responsibility to manage it well. Have you ever thought that what's the one thing you can do today to be a better manager of your wealth?
God cares how we manage everything that He's given to us. When it comes t honouring GOD with our money, the first step is to TITHE. Tithing is bringing the first 10percent of your income back to GOD, when we do this, we are thanking GOD for the provision. Tithing is an essential part of money management!!!
Its shows commitment and helps you fight against greed.
Being a good money manager means being cautious and aware of spending habits. A BUDGET is a tool to help us manage our money. Budgets show us how much money is coming in and where it's going. Budgets hold us accountable so we save for the things we want.many people hear the word "budget" and cringe. But "budget" is not a bad word. Budgets are essential for great money management.
Do you know where your money goes each month? What's your biggest challenge when it comes to keeping up with your spending? Do you have a budget?
Most of the time, what we want isn't what we need. We need food, clothing and shelter. We want everything else. So how do we find joy when we can't get what we want? Contentment is contingent on our attitudes, not our bank statements.
We all know people who are impulsive spenders. As soon as a wage/salary/commission comes in, they're out the door to spend everything they have earned. It's easy to get struck in the same wage/salary/commission-to-wage/salary/commission life style without any thought of the future. SAVING is about planning for the future. Saving will enable you to support yourself and your family if you lose your job or have an emergency. Every time we get income, we should TITHE first, then plan to save. When we spend each wage/salary/commission with no money set aside, we're enslaving ourselves to our circumstances.
Setting aside #5000 one time won't change your financial future. However, setting aside a little bit of money consistently over a long period of time will build great rewards for the future. There's no amount too small to start saving and no better time than NOW. You may not be a millionaire, lottery winner, forex trader or a stock broker, but that doesn't mean you can't start saving. Daily Diligence with what you have can lead to long-term benefit.
Big goals require focus, sacrifice and a lot of hard work. You have to want the outcome with a passion, saying "no" to other things that are competing for your time. Breaking big goals into daily activities will help you achieve them. We all have the ability to manage money like amateurs or like professionals. The difference comes from practice and perseverance in making wise choices.
Do you have the heart of A GIVER? Having more money is not the answer to a happy life. It may seem that money can solve it all and if you just had a better job or a bigger wallet, you'd have a better life. However, joy is not found in the size of our bank accounts, but the size of our heart. Have you ever been so excited about finding the perfect present that you couldn't wait to give it? Maybe it was the engagement ring that felt like it was burning a hole in your pocket. Maybe it was the toy you couldn't wait for your child to discover under the tree on Christmas Morning. Whatever the perfect gift was, you got excited because you loved the recipient and you knew the gift would make him or her happy
The Summary to finding you financial path includes TITHING which is for GOD; Set a BUDGET for your inflows and how you intend spending them: SAVE out of you income...nothing is too small; GIVE to your loved ones and the needy around you....
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