A Christian Perspective on Money Management - Week 2
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The sermon series at Hope Pres about money management and financial peace continued this week. Last week was a summary of sorts, and this week Craig started to delve into specific things you can/need to do in order to achieve “financial peace”.
While most of the suggestions are old news for me and my family, they do prompt some new ideas on ways to save, be more frugal, and manage money as a family. Perhaps the most important thing that keeps coming up is the necessity of good communication within the family unit. That’s something I probably don’t do as well as I should, but we’re working on it.
A nifty little tool developed by Dave Ramsey called The Gazelle Budget was showcased. For those of you who do not have a budget, this is an easy way to get started.
The Cliff Notes from the sermon are as follows:
- Use a written budget.
- Take control of your credit cards.
- You have got to communicate.
- You have got to learn to say NO!
- Wait 3 days for purchases < $100
- Wait 1 week for purchases $100 - $1000
- Wait 1 month for purchases > $1000
- Spend the time praying about the expenditure…if you still want/need it after that time, go ahead and buy it.
- Create a debt snowball.
- Reduce debt.
One man pretends to be rich, yet has nothing… - Proverbs 13:7 (NIV)
From a Quicken perspective, this sermon seemed to be related to the Debt Reduction Planner and Budgeting tools provided in the software. I plan to do a short post in the next couple of days about these two powerful tools.
DK
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[…] 123 Aaron wrote an interesting post today onHere’s a quick excerpt The sermon series at Hope Pres about money management and financial peace continued this week. Last week was a summary of sorts, and this week Craig started to delve into specific things you can/need to do in order to achieve “financial peace”. While most of the suggestions are old news for me and my family, they do prompt some new ideas on ways to save, be more frugal, and manage money as a family. Perhaps the most important thing that keeps coming up is the necessity of good communication […]