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A simple blog about seeking the Lord, savoring life and joyfully serving.


Thursday, July 25, 2019

Proven Biblical Money Principles

We have gone through Financial Peace University twice as well as read Dave's books. I find his no nonsense, Biblical approach to be helpful and motivating. We decided to start on a debt free journey. Read more about that here. We sold our home, paid of our credit cards and cars and we were finall debt free. We built our rental home with cash. After living in our rental for two years, we decided to take out a home equity loan on that  and build our dream home. We have acquired some debt but we know that by following the principles below we can be debt free again.




1. LIVE ON A WRITTEN BUDGET Get on a budget. On paper. On purpose. Every month. stick to the budget. Decide to start managing money well. TODAY.
"For which of you, intending to build a tower, does not sit down first and count the cost, whether he has enough to finish it?" Luke
14:28

2. AVOID DEBT

This is a hard one for us right now. We are praying through what we feel is best for our family but we will take the debt snowball tactic with what we do have. Look up debt snowball to pay off debt. 
"The rich rule over the poor and the borrower is slave to the lender." Proverbs 22:7

3. FOSTER HIGH-QUALITY RELATIONSHIPS
You become like the 5 people you hang around with the most. Choose your friends wisely.
"Do not be deceived: evil company corrupts good habits." 1 Corinthians
15:33

4. SAVE AND INVEST
"In the house of the wise are stores of choice food and oil." Proverbs
21:20
A foolish man devours all he has... don't spend everything you bring in!
5. BE INCREDIBLY GENEROUS I love what he says about leaving a tip! BE GENEROUS.
... for God loves a cheerful giver. 2 Corinthians 9:7 Blessings to all of you and thank you for reading. Grace & peace, Adoring Family

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