Tag Archives: Money

Money Decisions

money decisions

1. Accept admission to the most expensive college that accepts you even though you have no idea what your career will be or how much you’ll earn.
You are not doing yourself any favors by attending an expensive school that may saddle you with tens of thousands of dollars in student loans until you have a clue as to what you may be doing for a career. Until you find your passion, keep expenses in mind and consider a lower-cost university or community college and limit the amount of loans you secure.

2. Get married without checking your fiance’s credit report.
Show me yours and I’ll show you mine. I know it’s not very romantic, but neither is finding out you won’t be able to buy a home when you wanted because your spouse has horrible credit and a large debt load. Knowledge is power. You owe it to yourself (and your intended) to find out what financial situation you are marrying into before you say I DO.

3. Apply for a job without first checking your credit report.
Like it or not, many employers use the information contained in applicant credit reports as part of their selection process. You don’t want to be surprised by a question about your finances in an interview. Or worse, never get to be a finalist because of an inaccurate or explainable negative item from your credit report. Remember, 25 percent of all credit reports have errors!

4. Don’t save for emergencies because you can’t afford to.
This is an oldie but a goodie. No emergency savings means you are setting yourself up for debt. You can’t be the master of your finances if you don’t have a savings cushion in place.

5. Take out a payday loan just until you get paid next week.
The payday loan cycle is very hard to break. If you didn’t have the money for that unexpected expense this paycheck, why do you think you will have the money next paycheck? Look for alternatives to fund the expense such as selling something you don’t need or borrowing from a friend or family member.

6. Purchase a car with little or no money down.
Cars immediately depreciate in value by as much as 25 percent in the first year. Without a large down payment to compensate for depreciation, you’ll be upside down in your loan quicker than you can text JLM!

7. Co-sign a loan for a friend or relative to help them out.
Never, ever co-sign a loan unless you can afford to and want to make their payments for them, period! Unless, of course, you never want to speak to them again.

Cont… 

Parents Should Teach Their Children How To Manage Money

married couple, marriage, interracial relationship

How was I to know that the result of hard work is money stacked in the ATM?  Unknowingly, parents miss valuable opportunities to teach their children what it means to earn and manage money.

Money, and the concept of earning and managing money, is a process that must be respected.  As soon as the child is ready for school, they should be given their own income to manage.  It doesn’t have to be a lot of money, but enough to show them the importance of earning, saving, and giving the money he/she has made.  The amount of the income that you give your child is not as important as how they handle it.

If little Brittany/Brian wants to cry to get that new toy from the shelf at the toy store, a Happy Meal from McDonalds, or a drink from the grocery store, let them blow their entire budget on the item.  When the “law of natural consequences” takes place, and they realize that they have blown their entire income on the first day for an unwise purchase, don’t think about bailing them out.  Create some boundaries and offer advice on how the money should be spent, but give the child freedom within these boundaries.

Since money is important part of life and a huge tool used by the devil it helps to have a healthy respect of it. It also, helps to establish a correlation between work and money. We know that money answers all things and that we can either serve God or money. Giving them the proper understanding of money will set them up for ruling over money and wants, instead of being ruled by them.

RICH PEOPLE BE MADE AWARE


                                                                   James 5:1-9

The Lord of Host takes seriously his children which labor in love and cry out to him. The Lord loves the poor and reminds us throughout scripture to remember them always. Jesus said, “the poor ye shall have with thee always.” This statement does not negate the responsibility the believer has of working toward ridding the world of poverty, but is a challenge to make it as minimal as possible.

James asks “the rich to weep and howl for the miseries that are coming upon them. 2Your riches have rotted and your garments are moth-eaten. 3Your gold and silver have corroded, and their corrosion will be evidence against you and will eat your flesh like fire. You have laid up treasure in the last days. 4Behold, the wages of the laborers who mowed your fields, which you kept back by fraud, are crying out against you, and the cries of the harvesters have reached the ears of the Lord of hosts.”

            When you cry out, make sure the Lord is the first recipient of your cry. He alone sets up a leader and removes another. Yes! He will use people to do all of his work, but work in your favor is directed by your acknowledgment and prayer to him. The Lord is your help and not the government. The Lord will place whomever the people cry for in office. The people in the Old Testament wanted Saul to be their king like the other nations and God told them he would enslave them and make them work for him and his kingdom, they cried to the Lord and God gave Samuel the commission to anoint Saul to become king and he did. The story goes on and Saul does exactly what God said he would do, which was to place the people in bondage. You hold the keys in your mouth and in your actions.

James continues saying to the rich “5You have lived on the earth in luxury and in self-indulgence. You have fattened your hearts in a day of slaughter. 6You have condemned and murdered the righteous person. He does not resist you.”

It is important that you remain patient in the process. Be patient until the coming of the Lord. The coming of the Lord is at hand. Remember do not grumble against one another, so that you may not be judged; behold the Judge (Jesus) is standing at the door.

*Note – God is responsible for working poor people, the Bible says wages, which are not received if you are not working. As an example, fraud would be McDonalds paying workers $6.00 dollars an hour when the company’s profit in 2009 is 1.26 billion and money given away freely  to someone who will not work and is able to work, the Bible (2 Thessalonians 3:10) says “that if any would not work, neither should he eat.”

Solution: Stop giving away free money to those who can work and choose to be lazy and will not work. Pay those who are working, more money, especially places like McDonalds, Target, Wal-Mart etc. It’s easy, if businesses cannot afford to increase the salary, which I highly doubt, have the government take the money they would use on welfare and add this to the worker at McDonalds. Everyone has their proper gift and we do not all have the same IQ do not punish those with lower IQ’s and this is not an insult, because I am among the lower IQ, this is simply a solution that has Biblical backing. This way more people will choose to work and with more working the economy grows as more spend. If I can receive more money sitting at home than working something is wrong (not including the retired population).

If this speaks to you or you have something to add to make this more plenary please comment.

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Yes We Can?

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  by  VinceHuang  Is it possible to trust in God and money at the same time? Is it possible to place ones faith in the mighty dollar and forsake the creator of heaven and earth? Is it possible to elevate money to … Continue reading

Gallery

THE PRICE OF LIVING HOLY

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I find within my members a temptation to live outside the will of God and yet I also understand his way is better. I have come across the news of the Miss USA winner Olivia Culpo from Rhode Island and … Continue reading

Would Jesus have an emergency fund?

emergency fund, saving, rainy day

Jesus had one purpose on earth to shed his blood, for without the shedding of blood there is no remission of sins. If there is no remission there is no salvation, and if there is no salvation than being on earth would be most miserable for all. It is my opinion that Jesus did not have an emergency fund. I also believe that as humans we are to imitate Christ but also understand that we are human and can never be Jesus. While the disciples were with Jesus they did not need to fast they didn’t need to store in barns because the bridegroom was with them. Hence, Peter receiving the coin from the fishes mouth. Notice the change after the death and resurrection of Jesus. The disciples then began to fast and individuals shared all the wealth so that all had sufficiency. Where are the five loaves and two fish miracles? Don’t misunderstand me, Jesus still performs miracles today and uses his people to perform them, however the new covenant is that each individual who believes in Jesus Christ receives the Spirit of God and through obedience of the Spirit receives his revelation and knowledge to lead a life that keeps the saved individual from becoming busybodies. So wisdom for us today is save for the bridegroom is coming, but not yet here.