There are four simple words that are the keys to a financial turnaround in your life. You need these words and they will work!
A survey of people in 16 countries found that their top source of stress was money. Anxiety over money can can cause health issues, marital problems, loss of sleep, and an overall miserable life. The Bible says it like this:
For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs. 1 Timothy 6:10 (ESV)
Are you tired of the pangs of money being your greatest concern? If so, then this week I am going to give you the four words you need for peace of mind when it comes to your money. Each day I am going to give you a new word to add to the equation to relieve the stress and make progress towards greater financial success. _____ + _____ + _____ + _____ = a financial turnaround in your life. Are you ready?
Word #1 - Budget - 1 Timothy 6:6-10, 17-21
You either make a decision for a dollar or a dollar will make the decision for you. Budgeting is making decisions for your dollars.
Budgeting is simple. Spend less than you make.
The problem is that most people have some idea of how much they make, but have no idea of how much they spend.
It is a proven fact that people who budget have better financial success for one simple reason, they know where their money is going. Because they know where their money goes, they are able to eliminate frivolous spending. People who budget don’t buy on impulse, they buy on plan.
Impulse buyers spend what they have. Budget buyers are better able to make controlled decisions because they know what’s in front of them may not be as important as what’s coming next week, or even next month.
Budgeting helps us practice self-control and learn contentment (Philippians 4:12).
Budgeting will go a long way in helping you to eliminate the stress of always coming up short.
There are many great tools and apps that can help you budget. I use the Mint money manager (https://www.mint.com/). If you need motivation, training, and accountability to start budgeting, I would recommend finding a Dave Ramsey Financial Peace University Class in your area. The class costs $93 and many people object to paying almost 100 bucks for a class on finances, but I would tell you its worth every penny. Why? Because 1) you won’t do what you don’t invest in. You do better when it costs you something. 2) We have hosted the class 3 times at our church and have seen on average a $3,000+ financial turnaround in 90 days with every faithful participant. Why would you not invest $93 in something that could not only pay for itself, but may help you put $3,000 in your pocket in 90 days - and even more over the course of your life? DO IT!
So there’s the first word, BUDGET. Tomorrow I will give you the next word to add to the equation. BUDGET + ______ + ______ + _______ = your turnaround!
Until then, what budgeting tools work for you? If you’ve budgeted before how did it go. What works and doesn’t work in your spending plan? Please scroll to the bottom of the page and leave a comment. I want to hear from you!