Tuesday, June 09, 2020

3 Tips on Christian Money Management

Are you interesting in finding out how God wants you to handle your money? Sadly not many people know how to properly manage their money. For example, do you ever plan to have so much money by a set date but when the time comes you're still struggling with your finances? The main reason is that people do not know how to properly manage their money. In order for your money management to be effective you must first have some basic skills in managing your money. For those of us who are Believers, it's important to implement sounds Biblical practices and teaching in order to be successful stewards of our money.

This is where Christian money management comes in. Proper educational resources will teach you to how to correctly manage your money so that when you budget and plan to save money, you will actually have it. Having proper money management will help prevent debt which will in turn create a much easier and less stressful life. Just remember money can not buy happiness, however when you suffer from financial difficulties it can bring stress, tension and misery. God designed us to live abundantly!! He wants to you share in His riches! Simply giving your finances to God and educating yourself properly will make a world of difference in your life. Money is the smallest part of your finances!

Christian money management skills are extremely important. Educating yourself how to properly budget for your needs, will help you to know when you can realistically buy your wants. You can also learn the proper steps to invest the money you save with money management. Although you may think you have great money management skills, there is always be room for improvement. Here are some tips that will help you to get on track and keep a balanced mind. Many times our fear is what keeps us from financial stability. Fear is a huge part of what keeps us from making sound financial decisions.

1. TRACK YOUR EXPENSES!!! - It's impossible to know how to budget if you don't even know where your paycheck is going. Everything from candy for the kids to new tires should be documented. Be strict for a short period of time and you will have a much better idea of where to start your budget. Never wonder where your money goes again! Breaking bad spending habits begins with figuring out what triggers them.

2. Have support - Working with a friend or coach who is educated on financial matters, will hold you accountable and cares about your success is paramount to your ability to master your money. No great athlete reaches the goal with out coaches and friends cheering them to the finish. Having someone to help you along the way will give you long term personalized perspective for Christian money management.

3. Trust God! - This sounds simple, but one cannot live in fear and in love at the same time. Fears that are given free rein in our hearts and mind begin to determine our reality. Knowing what God has in store for us and trusting in him are huge pieces to solving our financial puzzle. Don't be afraid to make money and spend it as God intends for your life.

Christian money management is much more simplistic than some may think. Learning the proper steps to investing your money along with using your management skills to increase your financing skills will be on of the best investments you ever make in your future. There is a difference in money management and being over cautious. For instance using your money properly will help keep you debt free. But being over cautious can lead to loss opportunities. Great wealth comes from great calculated risk.

Are you serious about money management? If you don't feel as confident as you once were seek the help of Christian money management coaches or counselors. They will take a look at your current financial status while looking at your management skills. If there is room for improvement they will show you how to fix it. There are only positive things that can come out of improving your skills. Learning proper money management can prevent debt, hardship and undue stress for you and your family.

Once you improve your money management skills, you will soon find that when you plan to have money by a certain date whether it be for a bill or a trip, the money will be there! This is due to the proper budgeting that you learn through increasing your money management skill set. Some individuals find that they have a hard time when it comes to managing money, this is due to putting your wants over your needs. By flipping this process, and finding out what triggers it, you will find that you will not only save money, but you can invest, give to others and be a Godly steward of what you have been given.

Article Source: http://EzineArticles.com/4623904

No comments: