Financial troubles are a major problem for many families. These financial
problems can be addressed and fixed using the five secrets for financial freedom
listed below. Money is an integral part of life and should be used to enhance
our life experiences, not make them stressful. Before applying these secrets to financial freedom there are a few roles that
need to be filled by you or your spouse. These roles are important and their
responsibilities are to be respected by the other spouse. These means that you are
agreeing to not, put down or ignore the execution of these roles. You agree to
respect the decision of the spouse who has taken on the particular
responsibility.These are:
Who will handle the money? Write down the skills, talents, and pros and cons of both spouses. Together you must decide who will be responsible for the money handling.
This person will have the responsibility of keeping track of deposits, withdrawals, and keeping the checkbook balanced.
Who will pay the bills? In many families this will be the same person who handles the money. However, I recommend that the opposite spouse takes on the bill paying responsibility. Why? By paying the bills the opposite spouse will see where the money is going and how much is going where.
In this way each spouse will be consistently reminded of the bills that need to be paid and can use this information to decide whether a purchase is truly necessary.
Set a budget and stick to it! Decide together what is important and where your family's money should go. Remember to add in savings and charitable donations. Live within or under your means and you will soon discover financial freedom for your family.
Secret One to Financial Freedom "The earth is the Lord's and the fullness thereof." Psalms 24:1
Recognizing that nothing is really ours, it all belongs to God. There is nothing that we can take with us when our lives end, just like we are born with nothing. By keeping in mind that "our money" is not ours you will find yourself and your family making better decisions.
By knowing that this is God's money, a weight will be lifted off your shoulders.And even when you don't have it in your hand you know you will have it because you are connected to the source,you are connected to the owner,God.
Secret Two to Financial Freedom Accept where you are at financially, and spend accordingly. It has taken many families, years to get into the debt that they have and those debts will not disappear over night. You must accept the truth about your financial level and from that setw a budget and spend accordingly.
Decide today to live within your means, even if that means eating out less and not buying the newest fashions. Never charge another item again, you now rule your finances, instead of your finances ruling you.
So how will your family have fun without eating out? Visit local museums and zoos on their free days or just go to the park and have an old fashion picnic, so as to lower your spending.
Secret Three to Financial Freedom.
Pay your Tithe regularly.
"Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this," says the LORD Almighty, "and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it." Malachi 3:10
Pay your tithes and you will be blessed. The key to step three is paying your tithes regularly. Tithing is investing in the kingdom of God. and where your investment is your heart is. when you give tithe you connect your heart to God, who is the source of everything you need.If you are a christian step three is not an option is a must, and a principal to financial health.
Secret Four to Financial Freedom
Save, save, save. Every finance guru, every finance book, will all tell you the same thing. As well the bible speaks about saving.(Provebs 6:6-8.....go to the ant...it stores its provision in summer and gathers its food at harvest)
You must save for the future. Even if all you can save at first is 50shs, that is 50shs is more than you would have saved. At the very minimum your savings should be in a savings account earning interest, however there are other safe ways to increase your savings at a higher interest rate. If you do not trust yourself or your spouse to not spend the savings be sure to invest the savings into an account that cannot be accessed early.
When setting your budget, budget in 1-10% of your earnings. Start at the 1% if you must, but the goal is to be saving 10% of your income within the first year of your financial freedom plan.
Secret Five to financial Freedom
Invest.invest, invest.Learn to invest at the small things,and later on bigger ones. An investment is your money working for you, not you working for your money.
It can be a short term investment or a long term investment.Money invested is not money wasted, its return might not be seen quickly but it is there and in time you will eat its fruits!In Eccl 11:6 we are told; Sow your seed in he morning, and at the evening let not your hand be idle, for you do not know which will succed,whether this or thst, or both will do equally well.
Decide today to not be a slave to your finances!
Email:firmina.matee@gmail.com
Who will handle the money? Write down the skills, talents, and pros and cons of both spouses. Together you must decide who will be responsible for the money handling.
This person will have the responsibility of keeping track of deposits, withdrawals, and keeping the checkbook balanced.
Who will pay the bills? In many families this will be the same person who handles the money. However, I recommend that the opposite spouse takes on the bill paying responsibility. Why? By paying the bills the opposite spouse will see where the money is going and how much is going where.
In this way each spouse will be consistently reminded of the bills that need to be paid and can use this information to decide whether a purchase is truly necessary.
Set a budget and stick to it! Decide together what is important and where your family's money should go. Remember to add in savings and charitable donations. Live within or under your means and you will soon discover financial freedom for your family.
Secret One to Financial Freedom "The earth is the Lord's and the fullness thereof." Psalms 24:1
Recognizing that nothing is really ours, it all belongs to God. There is nothing that we can take with us when our lives end, just like we are born with nothing. By keeping in mind that "our money" is not ours you will find yourself and your family making better decisions.
By knowing that this is God's money, a weight will be lifted off your shoulders.And even when you don't have it in your hand you know you will have it because you are connected to the source,you are connected to the owner,God.
Secret Two to Financial Freedom Accept where you are at financially, and spend accordingly. It has taken many families, years to get into the debt that they have and those debts will not disappear over night. You must accept the truth about your financial level and from that setw a budget and spend accordingly.
Decide today to live within your means, even if that means eating out less and not buying the newest fashions. Never charge another item again, you now rule your finances, instead of your finances ruling you.
So how will your family have fun without eating out? Visit local museums and zoos on their free days or just go to the park and have an old fashion picnic, so as to lower your spending.
Secret Three to Financial Freedom.
Pay your Tithe regularly.
"Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this," says the LORD Almighty, "and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it." Malachi 3:10
Pay your tithes and you will be blessed. The key to step three is paying your tithes regularly. Tithing is investing in the kingdom of God. and where your investment is your heart is. when you give tithe you connect your heart to God, who is the source of everything you need.If you are a christian step three is not an option is a must, and a principal to financial health.
Secret Four to Financial Freedom
Save, save, save. Every finance guru, every finance book, will all tell you the same thing. As well the bible speaks about saving.(Provebs 6:6-8.....go to the ant...it stores its provision in summer and gathers its food at harvest)
You must save for the future. Even if all you can save at first is 50shs, that is 50shs is more than you would have saved. At the very minimum your savings should be in a savings account earning interest, however there are other safe ways to increase your savings at a higher interest rate. If you do not trust yourself or your spouse to not spend the savings be sure to invest the savings into an account that cannot be accessed early.
When setting your budget, budget in 1-10% of your earnings. Start at the 1% if you must, but the goal is to be saving 10% of your income within the first year of your financial freedom plan.
Secret Five to financial Freedom
Invest.invest, invest.Learn to invest at the small things,and later on bigger ones. An investment is your money working for you, not you working for your money.
It can be a short term investment or a long term investment.Money invested is not money wasted, its return might not be seen quickly but it is there and in time you will eat its fruits!In Eccl 11:6 we are told; Sow your seed in he morning, and at the evening let not your hand be idle, for you do not know which will succed,whether this or thst, or both will do equally well.
Decide today to not be a slave to your finances!
Email:firmina.matee@gmail.com
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