Mary Crisp Jameson - copyright material







Saturday, February 22, 2014

Financial Independence


     Being financially independent goes a long way in how you feel about yourself and in the way you live.  It is never too early to plan for your future or to teach your children about money.  If I had a child just graduating from college and getting ready to live on their own here are a few suggestions I would make: 

Pray about your financial decisions.

Do not spend more than you earn.

Give God the first 10% of your income.

Give yourself 10% of your income before other expenses. Place it in some type of savings account and allow it to grow.  

Develop a financial plan or goal.    

Credit cards should be paid off every month, if possible 

If you have an unexpected large expense and must use your credit card, do not continue to charge on it until that expense is paid off.

In today’s world, cash is  mostly a word of the past.  In using credit or debit cards monitor those purchases.  Keep a record of what you are spending and will expect to have to pay to clear up those expenses when the monthly bill appears in the mail.

Pay bills timely to avoid needless late fees. 

If your employer offers a matching IRA, contribute at least the amount needed to obtain those matching funds.

If you have a job, value it, even if it is only temporary.  Perform the best work possible.  Be on time and respect your boss.  Remember, this is your livelihood.

Dress for success on the job.  This does not mean to go out and buy clothing beyond your budget.  Do obtain one nice outfit that can easily be mixed and matched to provide an attractive appearance on the job.

Determine what is a necessity versus a desire to stay on budget
 
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 there will not be room enough to store it.  Malachi 3:10
 

 

 

 

 

 

 

 

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