Living by a budget enables you to shed burdens thrust on you by a lifestyle of debt. Write your net monthly income down and subtract a tithe so you can play a substantial role in helping the good news of Jesus Christ implanted in the hearts of men, women, and children worldwide. Now, subtract every minimum monthly payment due for each bill (home mortgages, car notes, credit cards, cable television, retail accounts, etc.). For utility and other bills that vary in amount each month or that are payable quarterly, semi-annually, or annually (gas, water, electric, telephone, car and home insurance, lawn maintenance, snow shoveling, etc.), subtract the monthly average of these bills for the prior twelve-month period. Your disposable income is what remains.
You can spend disposable income on free-will offering, groceries, gas, personal care items, reducing debt, saving, and entertainment. You’re already saving if your employer withholds a percentage of your pay for a 401k or similar saving / investment plan. Do not spend amounts subtracted for payments due quarterly, semi-annually, or annually. Allow this money to stay in your budget until it is time to pay the bills. Discipline yourself to budget for at least three months at a time so you can see any irregularities that you may have to consider and account for as you move forward. Refuse to borrow more money as you follow this plan, otherwise it is likely you’ll wind up in a worse position than you’re currently in.
God has a plan for your release from financial bondage but it takes your commitment to budgeting your income and expenses to eliminate and stay out of future debt so you take on a lifestyle where giving comes first, saving & investing come next, and spending on more than your needs is the last priority. Your desires can wait until you have enough extra cash to pay for them. As you become debt-free according to the LORD’s design you will find that not too long down the road you’ll have enough disposable income after giving, saving & investing, and spending on your needs that you will be able to also spend on many items that you desire in a way that does not put you back in financial bondage.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Proverbs 30:24-28, Ecclesiastes 10:19, Habakkuk 2:2-4, Luke 16:9-13
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 www.Amazon.com
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