Sunday, February 14, 2010

MoneyWalk 46: Know Your Flocks & Herds

This program will help you undo financial bondage.

You must keep the amount of expenses below your income in order to have peace in your life because this helps you take care of all your needs and responsibilities in life including you, your spouse, and children. You don’t have to log all your expenses over the past few months nor log every single expense on a ledger for the next few months in order to decide what route to take to correct your situation. The pain of your present suffering should make you willing to follow biblical money management principles that help you establish a godly mission for your life, set proper goals, know your income, identify unnecessary expenses, and establish a budget for your family.

Many people don't like to hear the word "budget." However, when you don't develop a spending plan based on the reality of your present income then your reality throughout life will be that your expenses inevitably outgrow your income and leave you in financial turmoil with many headaches, torment, and bill collectors hounding you and credit card companies raising your interest rate to take even more from you while your suffering financially.

By counting the cost first - identifying your income and spending priorities on paper or computer via a budget – you turn your dream of financial freedom into a reality because it helps you spend less than you receive in a pay period so you can get out of debt in the most expedient manner. It helps identify your needs versus your wants, so you can focus on purchasing materials and services that have the highest priority.

Knowing the state of your finances at all times is essential to obtain financial health, wealth, peace, and joy. Indeed, it is a part of pressing upward for the mark of the prize of the high calling of God in Christ Jesus, being like-minded with Him and His saints, and holding true to that which you have attained through salvation. In this way, you will maintain the maximum ability to have the maximum fruitfulness He desires you to have in this earthly portion of your life.

Please email any questions and pray for this ministry. May God bless you richly as you follow His plan!!!
Proverbs 27:23-24, Habakkuk 2:2-5, Luke 14:25-30, Philippians 3:14-15
Please forward these bondage breaking articles to other people who can use helpful insight!!!

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