Sunday, September 20, 2020

MoneyWalk 67 Balance Your Accounts Monthly


This program will help you undo financial bondage.

It is vital to your financial health, at the specific moment of each transaction, to subtract from your account balance all ATM withdrawals, EFT withdrawals, debit card withdrawals, and checks written. Never throw away withdrawal, deposit, and check slips / receipts until you've balanced your accounts for the month in which they occurred.

Every banking institution has an easy to use balancing method it will provide when you ask. If you feel you cannot understand the directions, make an appointment so a bank / credit union representative can show you how to use its suggested balancing method. Alternately, you could sit down with a friend who is used to balancing his / her accounts so he / she can show you how it’s done.

Always balance the last month for each account at the beginning of the new month immediately after you receive your monthly statement from the financial institution or go on-line to obtain it. This process takes less than an hour each month and gets much easier as you build and maintain the account balancing habit.

Carry a check and/or use debit cards only when you're purchasing products and services planned in advance and agreed on by husband and wife or an accountability partner, otherwise wasteful spending will occur. Stay away from unplanned purchases as much as possible. If you need help developing good financial habits you can select a trustworthy accountability partner who is a good steward of money the LORD entrusts to him / her.

You can help yourself become a good money manager by (a) watching this person’s example, (b) understanding what he / she does that is founded upon biblical instruction, (c) following examples in those areas, (d) refusing to follow any example that is not in line with biblical instruction, (e) asking your accountability partner a variety of questions over time that will help you manage better, and (f) asking him / her to help by pointing out when he / she sees you engaging money management habits that are not fruitful or are destructive.

Balancing your bank accounts is necessary to know the true state of your finances so you can make sure that your monthly expenses do not exceed your monthly income. You will be unable to accumulate wealth to support proclamation of the gospel, service to others, and a desired lifestyle when you do not know the state of your flocks and herds.

Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

Proverbs 27:23-24, Isaiah 55:10-11, Luke 14:28-30, 2Corinthians 9:10

Please forward these bondage-breaking articles to other people who can use helpful insight!

You can find books authored by Randy Parlor and Karen Parlor at

https://www.amazon.com/s?k=Randy+Parlor&i=stripbooks&dc&qid=1573343045&ref=sr_nr_i_1

https://www.amazon.com/s?k=Karen+Parlor&i=stripbooks&ref=nb_sb_noss

You can find many other MoneyWalk articles on Facebook at https://www.facebook.com/randy.parlor by viewing Notes in the More menu on the right side of the computer screen

You can connect with Randy Parlor on

https://biblicalmoneymanagement.blogspot.com/

Twitter

https://twitter.com/RandyParlor

Linkedin

https://www.linkedin.com/in/randyparlor/

You can also view and/or listen to MoneyWalk articles at

https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ

https://www.instagram.com/randyparlor/channel/

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