This program will help you undo financial bondage.
The
only way to truly prosper financially is to consistently spend less than you
earn so you have money left over to build an emergency fund, pay off debt, and
invest for future growth for greater giving and living. For when your outgo
exceeds your income your upkeep will be your downfall. Rest assured, a fool and
his money are soon parted. You need to tell money what to do according to the
Lord’s will and design for your life so circumstances and other voices do not
misdirect the money and mess up you and your family’s future.
For
the next six months, use a budget to identify your estimated income and
expenses each month. Getting all your income, debt, and expense information
together and drafting your initial budget will take about four hours. The
process can be faster if you have a computer or online budget program because
you can copy and paste entries you otherwise would have to write down numerous
times. Once you've finished your initial budget, it usually takes less than an
hour every pay period to maintain your budget and track your results including
revising income and bill payments that differ from your original estimates.
If
you remain disciplined and conservative in your spending, using as your
original income estimate only average net monthly income as the basis for
budgeting, then it’s easier to maintain control over your situation so you can
reap savings and investment benefits when raises and promotions come your way.
On a sheet of paper, enter your average net monthly income. Then, subtract a
tithe of your gross income plus an offering. Next, subtract the minimum monthly
payment due for each bill that you have, such as mortgage/rent, car note, visa,
mastercard, school loans, retail charge cards, gas, electric, water, cable,
telephone, etc. The remainder is what you expect to have available for personal
expenses, savings, and debt elimination. Personal expenses include groceries,
gas, bus fares, clothing, movies, etc.
The
moment you know the amount of your next paycheck, you should revise the
original estimate for that pay period so you have a more accurate picture of
income going forward that you actually can use to pay expenses, give, save, and
invest. You should do the same when you know the actual amount of expenses you
will have to pay during particular pay periods. Remember, continuing to
maintain categorical expenses that compromise your ability to stay financially
solvent is largely up to you based on how much debt you take on in order to
have things. Only you can stop the madness! And, you can do so when you decide
to do so. The simple process described above helps you maintain the control
necessary for financial vitality by encouraging you to write the vision down
plainly, know the state of your flocks and herds, and count the cost before
building so you can experience greater financial prosperity. You can do all
things through Christ that strengthen you!
Proverbs 27:23-27,
Habakkuk 2:2-4, Luke 14:28-32, Philippians 4:11-13
Please
pray for this ministry and email questions to parlor@ameritech.net and
share the links below with others who need guidance. May the LORD bless you
richly as you follow His plan!
Share https://kminfo.org/ministries/financial-freedom weekly with family and friends so these
bondage-breaking articles and other financial information can help them gain
helpful insight! @everyone
The
book at the link below provides principles and practical steps that help you
use the Power to Get Wealth. By 1992, we had $135,000 of debt and
a negative $35,000 net worth. Financial bondage and turmoil led me to seek
principles and a process for employing good stewardship. As a result, we became
constructively debt-free in 1998, mortgage free January 2004, millionaires in
2012, multi-millionaires shortly thereafter, and retired in 2018 in my
mid-fifties from public servant jobs while giving abundantly to fund the gospel
of our LORD Jesus Christ. The same power is available to you!
You can find books authored by Randy and
Karen Parlor at www.Amazon.com.
You can also connect with
Randy Parlor on Facebook, Twitter, Linkedin, Instagram, Google Blogger,
WordPress, Pinterest, TikTok, Tumbler, and You Tube.
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