A Bit more about money and attitude and priorities

Ok. we have been talking about a attitude, debt, and more attitude, Lets talk about faith now, James says that faith without works is dead. So lets put this faith to work and set up a budget. The first thig we need to do is recognize how income is divided.

  1. The first part belongs to God. This is returned to Him in recognization that He owns all that we have, that we are the stewards or managers of His reosurces.
  2. Now, the government wants its share- that is called taxes.

    Now we come to what is called net spendable income.\

  3. The familise needs have to be met. This is the most important part of the budget as we can see from 1 Tim 5:8

1 Timothy 5:8

New King James Version (NKJV)

8 But if anyone does not provide for his own, and especially for those of his household, he has denied the faith and is worse than an unbeliever.

The we come to paying the debts we can that this is a prioroty from Psalm 37: 21

Psalm 37:21

New King James Version (NKJV)

21 The wicked borrows and does not repay,
But the righteous shows mercy and gives.

And with faithful and obedient management a fifth portion will be created – a surplus! I like that!

Creating a surplus should be a major goal for every Christian and we see why in 2 Cor 8:14:

2 Corinthians 8:14

New Living Translation (NLT)

14 Right now you have plenty and can help those who are in need. Later, they will have plenty and can share with you when you need it. In this way, things will be equal.

Even if there is no debt the finances should be managed to maximize the surplus.

So we see the division of income as

1.tithe

  1. taxes
  2. Family Needs
  3. debts
  4. and finally we get to a surplus!

But how? First of all you need to know where you are at

What is the present level of spending? To determine this you need a way to track your spending. The best way, I think is to buy one of those little pocket notebooks and write down how much you spent and what it was spent on. This includes everything from utiltity bills to that fountain soda you baough at the gas station. Also I this book record the amt you got paid for the month. After that first month subtract from your income what your expenses were- Income -Outgo= ? Or lets make an algebra problem out of this, just for fun:

I-O=X

Now is x a postive number or a negative number?

Just to keep it simple lets say your income for the month was $1,000 and your outgo or expenses were $900- that leaves you with a $100 surplus for the month- That is great! Now you have$100 to share! Now suppose your income for the month was $1000 and your outgo (expenses) were $1500- that means you have a 500 dollar deficit- you could be a senator or congressman/woman!

 

But only if you do not address the deficit and the reason for it and the attitude(what scriptural principle was violated?) that got you in the red to start with. Once this occurs a few other things happen- family needs can’t met for one. What does the Bible say about this?

 

1 Timothy 5:8

New King James Version (NKJV)

8 But if anyone does not provide for his own, and especially for those of his household, he has denied the faith and is worse than an unbeliever.

Very strong words from a man, the Apostle Paul, and he did not beat around the bush about this. That is good reason enough to get a handle on your money ills as quickly as possible! If you do not handle your money properly- it will handle you- and that means it will control you instead of you controlling it! How do you get control over your finances in a timely manner so you can be sure to meet the needs of your family? No one likes this word and many will say it is restricting but it will actually give you more freedom- it is called a budget. As of this writing the US government has been operating without a buget for over 1,000 days and our elected leaders cannot seem to understand why we are in debt and operating on a defict- An intersting figure I came across- the debt owed by the US – each individual person, man, woman and child portion of that debt is $148,000! I am not being political here but am pointing out the dire consequences of not having a budget and how being that irresponsible efefcts those that depend on you to take care of them and provide for them. Ok so what would a budget look like? Something like this for one month

Income: _________

Taxes: __ ________

Tithe:___________ (we will discuss this in more detail later)

Icome less taxes and tithe = net spendable income.

Net Spendable Income=

Living Expenses ( remember this should not exceed 70% of the net spendable income.)

Mortgage or rent_______

Utility bills

electric bill _______

Gas Bill ___________

Water______________

Sanitation________

Groceries__________

Clothing_________

Entertainment_________

Misc________________ (such as haircuts, school lunches ect anyting that does not fit in any category)

Auto

Car Payment_______

Insurance ________

Gas& Oil________

Repairs _______ ____ you have been lucky so far!

Tot Living Expenses___________

Insurance – Look at your paystub for this the reason I do these deductions seperate is that this give a cleared picture od the spending

Life_____

Medical_______

Dental__________

Debts

Credit Card(s) ________

 

Personal Loans______

 

Savings ______

 

 

Net Spendable Income________

Less

Total Monthly Expense______

A positve number = a surplus

Anegaftive number = a deficit

 

Input your numbers in the blanks and see where you stand!

 

Do you have a surplus like the state of Indiana? Or do you have a deficit like the federal government?

********

If you have a surplus that great, but there are things you can do to maximize that surplus and we will discuss those too. If you have a deficit then we have a lot of work to do. Now that you know where you stand you need to analyze this information. But first we need to get at the source of why- what scriptural principles were violated that caused the defict to begin with and what are the current consequences- that means it is time to come clean with yourself and family and God. The next step is anaction plan to deal with it. When there is debt and deficit it is usually not a problem with the income but with the spending. Many people will even get a second or possibly even a third job and the problem is compounded by the increased income. Let me reitirate once again- it is not normally a lack of funds that causes debt but it is spending habits that have gotten out of control due to a lack of self discipline to save for a desired object or an obessession with “keeping up with the Jone’s” That is an attitude of covetouness which is a fancy word for simple greed. Once again the first result of being in debt and a deficiet budget is going to be not meeting the families needs. If you have unment family needs and give to the church or any other activity -you are outside of God’s will. Lets look at Matthew 15:5-6 and see what Jesus says about the needs of the family:

 

 

5 But you say it is all right for people to say to their parents, ‘Sorry, I can’t help you. For I have vowed to give to God what I would have given to you.’ 6 In this way, you say they don’t need to honor their parents. And so you cancel the word of God for the sake of your own tradition.

 

Now, lets look at 1 Tim 5:8 again:

 

1 Timothy 5:8

New Living Translation (NLT)

 8 But those who won’t care for their relatives, especially those in their own household, have denied the true faith. Such people are worse than unbelievers.

With the pressure on to keep up with the bills there may come an overcommittment to work and a reversing of proper priorities which will cause further financial suffering as well as spirtual suffering- again the Bible tells us what our basic commitments are:

Matt 6:33

Matthew 6:33

New Living Translation (NLT)

33 Seek the Kingdom of God above all else, and live righteously, and he will give you everything you need.

 

 

Genesis 2:24

New Living Translation (NLT)

 24 This explains why a man leaves his father and mother and is joined to his wife, and the two are united into one.

Psalm 127:2

New Living Translation (NLT)


2 It is useless for you to work so hard
from early morning until late at night,
anxiously working for food to eat;
for God gives rest to his loved ones.

 

 

Think on these verses and see if you can discern from them what God says our priorities should be?

With the debt and out of control spending comes the juggling of the bills just to keep the family afloat and this entaglement will even keep Christians out of God’s service. Let take a look at 2 Tim 2:4

2 Timothy 2:4

New Living Translation (NLT)

4 Soldiers don’t get tied up in the affairs of civilian life, for then they cannot please the officer who enlisted them.

 

And then there is 2 Peter 2:20

 

 

2 Peter 2:20

New Living Translation (NLT)

20 And when people escape from the wickedness of the world by knowing our Lord and Savior Jesus Christ and then get tangled up and enslaved by sin again, they are worse off than before.

 

Another entaglement is self indulgence- that is irresponsible spending on things that give temporary satisfaction and have little or no utility. Lets look at Luke 18:14- then a question.

 

 

Luke 8:14

New Living Translation (NLT)

14 The seeds that fell among the thorns represent those who hear the message, but all too quickly the message is crowded out by the cares and riches and pleasures of this life. And so they never grow into maturity.

Is this verse referring to Christians?

Accordingn to this verse what three things result in an unfriutful life?

 

 

 

 

 

Attitude of Servitude of Attitude of Freedom?

Before we go on with our study on finances I thought it would be helpful to know why I think a study like this is necessary. For one, I am for the most part speaking from personal exeprience and have gone from having nothing to having more than enough, back and forth between the two several times. Then losses were the result of violating one or more of the scriptural priciples I have outlined and that resulted in discipline from God. I can say from personal experince, “it is a dreadful thing to fall into the hands of the Living God.” God looks at the heart, that means He sees the motivation that one has for wanting to accumate wealth. He knows if one is working for simply for gain or if one is desiring profit without effort. Heart attidute is everything! The question I would like to pose is this:

Does your attitude lead to servitude of money or does your attitude set you free from finacial bondage? The wrong attitude leads to servitude. Did you knowe thay Jesus spoke more about money than He spoke about love?

 

The parables that Jesus spoke about money were more about the use and misuse of money than about the money itself. Money is a tool and like any other tool, it can be used properly to build or it can be misused and the result of that is destruction. Whether or not we use it to build up or destroy is in our attitude about money.

 

The finacial goal everyone should have is that of creating a surplus beyond savings and retirement funds. Even beyond meeting the needs of family – though that should be of first priority.

Breaking even is not even a starting point for the Christian. The reason for the surplus should be to meet the needs of others. We are called to be concerned and care for the poor and the oppressed. This kind of giving goes beyond the tithe. This surplus once created will give you security and peace of mind. Knowing that if you become aware of a need that you can help meet that need. How we as Christians handle our money is witness to the world of the lost. We will continue this study for the next few week s, and we will delve more into spending, savung, investing and giving and to whom we should give and to those we should not help. I have seen churches give to those more than once that it would have been more beneficial for the people they “helped” if they had not given them the funds.

 

SometimesGod will withhold funds to teach and to discipline, if someone interferes with that they are outside of God’ will.

 

We will pick up tomorrow on the study of how to handle personal finances in a biblical and God honoring way.

 

Be sure to check out the programs on Blog Talk Radio.

 

http://www.blogtalkradio.com/universallifechurch

 

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https://www.facebook.com/pages/Universal-Life-Church/147869338562220

 

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Daily Bible Readinf Plan for the Week of 27 Februrary

Daily Bible Reading Plan for the Week of 27 February

Day 48:

Matthew 20:17-34

Acts 27:27-44

Psalm 45

Leviticus 21-23

Day 49:

Matthew 21:1-11

Acts 28:1-16

Psalm 46

Leviticus 24,25

Day 50:

Matthew 21:12-22

Acts 28:17-31

Psalm 47

Leviticus 26,27

Day 51:

Matthew 21:23-32

Romans 1:1-17

Psalm 48

Numbers 1,2

Day 52:

Matthew 21:33-46

Romans 1: 18-32

Psalm 49

Numbers 3,4

A Bad Word that Brings Good Tidings! – B U D E T The G is missing because the US Fed Govt took it! ;-)

Ok. we have been talking about  attitude, debt, and more attitude, Lets talk about faith now, James says that faith without works is dead. So lets put this faith to work and set up a budget. The first thing we need to do is recognize how income is divided.

  1. The first part belongs to God. This is returned to Him in recognition that He owns all that we have, that we are the stewards or managers of His resources.
  2. Now, the government wants its share that is called taxes.

    Now we come to what is called net spendable income.\

  3. The families needs have to be met. This is the most important part of the budget as we can see from 1 Tim 5:8

1 Timothy 5:8

New King James Version (NKJV)

8 But if anyone does not provide for his own, and especially for those of his household, he has denied the faith and is worse than an unbeliever.

The we come to paying the debts we can that this is a priority from Psalm 37: 21

Psalm 37:21

New King James Version (NKJV)

21 The wicked borrows and does not repay,
But the righteous shows mercy and gives.

And with faithful and obedient management a fifth portion will be created – a surplus! I like that!

Creating a surplus should be a major goal for every Christian and we see why in 2 Cor 8:14:

2 Corinthians 8:14

New Living Translation (NLT)

14 Right now you have plenty and can help those who are in need. Later, they will have plenty and can share with you when you need it. In this way, things will be equal.

Even if there is no debt the finances should be managed to maximize the surplus.

So we see the division of income as

1.tithe

  1. taxes
  2. Family Needs
  3. debts
  4. and finally we get to a surplus!

But how? First of all you need to know where you are at

What is the present level of spending? To determine this you need a way to track your spending. The best way, I think is to buy one of those little pocket notebooks and write down how much you spent and what it was spent on. This includes everything from utility bills to that fountain soda you bought at the gas station. Also In this book record the amt you got paid for the month. After that first month subtract from your income what your expenses were- Income -Outgo= ? Or lets make an algebra problem out of this, just for fun:

I-O=X

Now is x a positive number or a negative number?

Just to keep it simple lets say your income for the month was $1,000 and your outgo or expenses were $900- that leaves you with a $100 surplus for the month- That is great! Now you have$100 to share! Now suppose your income for the month was $1000 and your outgo (expenses) were $1500- that means you have a 500 dollar deficit- you could be a senator or congressman/woman!

 

But only if you do not address the deficit and the reason for it and the attitude(what scriptural principle was violated?) that got you in the red to start with. Once this occurs a few other things happen- family needs can’t met for one. What does the Bible say about this?

 

1 Timothy 5:8

New King James Version (NKJV)

8 But if anyone does not provide for his own, and especially for those of his household, he has denied the faith and is worse than an unbeliever.

Very strong words from a man, the Apostle Paul, and he did not beat around the bush about this. That is good reason enough to get a handle on your money ills as quickly as possible! If you do not handle your money properly- it will handle you- and that means it will control you instead of you controlling it! How do you get control over your finances in a timely manner so you can be sure to meet the needs of your family? No one likes this word and many will say it is restricting but it will actually give you more freedom- it is called a budget. As of this writing the US government has been operating without a buget for over 1,000 days and our elected leaders cannot seem to understand why we are in debt and operating on a defict- An intersting figure I came across- the debt owed by the US – each individual person, man, woman and child portion of that debt is $148,000! I am not being political here but am pointing out the dire consequences of not having a budget and how being that irresponsible efefcts those that depend on you to take care of them and provide for them. Ok so what would a budget look like? Something like this for one month

Income: _________

Taxes: __ ________

Tithe:___________ (we will discuss this in more detail later)

Icome less taxes and tithe = net spendable income.

Net Spendable Income=

Living Expenses ( remember this should not exceed 70% of the net spendable income.)

Mortgage or rent_______

Utility bills

electric bill _______

Gas Bill ___________

Water______________

Sanitation________

Groceries__________

Clothing_________

Entertainment_________

Misc________________ (such as haircuts, school lunches ect anyting that does not fit in any category)

Auto

Car Payment_______

Insurance ________

Gas& Oil________

Repairs _______ ____ you have been lucky so far!

Tot Living Expenses___________

Insurance – Look at your paystub for this the reason I do these deductions seperate is that this give a cleared picture od the spending

Life_____

Medical_______

Dental__________

Debts

Credit Card(s) ________

 

Personal Loans______

 

Savings ______

 

 

Net Spendable Income________

Less

Total Monthly Expense______

A positve number = a surplus

Anegaftive number = a deficit

 

Input your numbers in the blanks and see where you stand!

 

Do you have a surplus like the state of Indiana? Or do you have a deficit like the federal government?

 

¡No Tengo Dinero! ¡No Pudeo a Pagarse Ahora! MOney Ills and More

Is is scriptural to claim bankruptcy? Well, lets see what the scriptures say to find out! But first a common view point, if someone has incurred excessive debt– remember, a debt is an obligation that cannot be met. If this person has incurred excessive debt and has a truly changed attitude (truly repented) does it seem reasonable that they should be able to have a fresh star? Lets look at Psalm 37:21,

 

Psalm 37:21

New King James Version (NKJV)

21The wicked borrows and does not repay,
But the righteous shows mercy and gives.

How is the evil man described?

Now lets take a look at Luke 16:12

Luke 16:12

New King James Version (NKJV)

12And if you have not been faithful in what is another man’s, who will give you what is your own?

Can you describe what God‘s principle of credit is?

Does God’s plan make sense to you? The world would say that avoiding our creditors is logical. The common explanation is ,”how will I live if they take everything?” Well lets take a look at what God promises in Psalm 50:14-15

Psalm 50:14-15

New King James Version (NKJV)

14 Offer to God thanksgiving,
And pay your vows to the Most High.
15 Call upon Me in the day of trouble;
I will deliver you, and you shall glorify Me.”

What does God promise here?

What does He expect?

God promises that He will deliver us from trouble. He expects us to pay our vows to Him, give thanks to Him, and lastly but most important that we glorify Him. God always look at the heart attitude of the believer. Rememeber when God asked Abraham to sacrifice his son Isaac? God was asking Abraham to surrender “all” to Him. God looked into Abraham’s heart and saw a true and total commitment to His will. Abraham understood that if God could send him a son in his old age that God could also retrieve his son from even death. And that is why God entrusted Abraham with His kingdom here on earth. Remember the nation of Israel is descended from Abraham.

When believers transfer assets to avoid detachment by creditors that is showing a basic lack of trust in God and an attitude of deceit.

Thus far the discussion has been on the lack of money but what about those shackles that result from an abundance of funds?

There are those who use their money for self satisfaction or they hoard it for that elusive rainy day that never comes. Acculmalting wealth and possessions can become so obessive that is destroys one’s health, family and friends. All of a suden everyone and everything becomes an object to be used as a stepping stone to be trampled underfoot on that ladder to success. Lets examine what the scriptures say about this attitude by looking at Job 31:16-28

16 “If I have kept the poor from their desire,
Or caused the eyes of the widow to fail,
17 Or eaten my morsel by myself,
So that the fatherless could not eat of it
18 (But from my youth I reared him as a father,
And from my mother’s womb I guided the widow[a]);
19 If I have seen anyone perish for lack of clothing,
Or any poor man without covering;
20 If his heart[b] has not blessed me,
And if he was not warmed with the fleece of my sheep;
21 If I have raised my hand against the fatherless,
When I saw I had help in the gate;
22 Then let my arm fall from my shoulder,
Let my arm be torn from the socket.
23 For destruction from God is a terror to me,
And because of His magnificence I cannot endure.

24 “If I have made gold my hope,
Or said to fine gold, ‘You are my confidence’;
25 If I have rejoiced because my wealth was great,
And because my hand had gained much;
26 If I have observed the sun[c] when it shines,
Or the moon moving in brightness,
27 So that my heart has been secretly enticed,
And my mouth has kissed my hand;
28 This also would be an iniquity deserving of judgment,
For I would have denied God who is above.

What is Job stressing as the danger in having riches?

What is there to learn about wealth and attitude?

Note: God does not condemn wealth but He does condemn the misuse of wealth.

Before we can find what God’s answer is to our financial problems we must first assess the problems. All too often we merely treat the symptoms rather than the disease. Our financial circumstances are the symptom of an earlier wrong attitude. What are the symptoms that tell that an attitude problem exists?

Overdue Bills

Worry about investments and savings

Get Rich Quick Attitude”

Laziness

Deceitfulness

Greediness

Covetousness

We will discuss these symptoms further next time and look as how the Great Physician says to cure the disease of financial ailments.

Tune into Blog Talk Radio Here:

http://www.blogtalkradio.com/universallifechurch

And check out and <like > these Facebook Pages!

https://www.facebook.com/pages/Universal-Life-Church/147869338562220

https://www.facebook.com/pages/Empty-Cross-Ministries/171930279510531?ref=ts

 

Is is scriptural to claim bankruptcy? Well, lets see what the scriptures say to find out! But first a comon view point, if someone has incurred excessive debt- remember, a debt is an obligation that cannot be met. If this person has incurred excessive debt and has a truly changed attitude (truly repented) does it seem reasonable that they should be able to have a fresh star? Lets look at Psalm 37:21,

 

Psalm 37:21

New King James Version (NKJV)

21The wicked borrows and does not repay,
But the righteous shows mercy and gives.

How is the evil man described?

Now lets take a look at Luke 16:12

Luke 16:12

New King James Version (NKJV)

12And if you have not been faithful in what is another man’s, who will give you what is your own?

Can you decribe what God’s principle of credit is?

Does God’s plan make sense to you? The world would say that avoiding our creditors is logical. The common explantion is ,”how will I live if they take everything?” Well lets take a look at what God promises in Psalm 50:14-15

Psalm 50:14-15

New King James Version (NKJV)

14 Offer to God thanksgiving,
And pay your vows to the Most High.
15 Call upon Me in the day of trouble;
I will deliver you, and you shall glorify Me.”

What does God promise here?

What does He expect?

God promises that He will deliver us from trouble. He expects us to pay our vows to Him, give thanks to Him, and lastly but most important that we glorify Him. God always look at the heart attitude of the believer. Rememeber when God asked Abraham to sacrifice his son Isaac? God was asking Abraham to surrender “all” to Him. God looked into Abraham’s heart and saw a true and total commitment to His will. Abraham understood that if God could send him a son in his old age that God could also retrieve his son from even death. And that is why God entrusted Abraham with His kingdom here on earth. Remember the nation of Israel is descended from Abraham.

Whe believers transfer assets to avoid detachment by creditors that is showing a baisc lack of trust in God and an attitude of deceit.

Thus far the discussion has been on the lack of money but what about those shackles that result from an abundance of funds?

There are those who use their money for self satisfaction or they hoard it for that elusive rainy day that never comes. Acculmalting wealth and possessions can become so obessive that is destroys one’s health, family and friends. All of a suden everyone and everything becomes an object to be used as a stepping stone to be trampled underfoot on that ladder to success. Lets examine what the scriptures say about this attitude by looking at Job 31:16-28

16 “If I have kept the poor from their desire,
Or caused the eyes of the widow to fail,
17 Or eaten my morsel by myself,
So that the fatherless could not eat of it
18 (But from my youth I reared him as a father,
And from my mother’s womb I guided the widow[a]);
19 If I have seen anyone perish for lack of clothing,
Or any poor man without covering;
20 If his heart[b] has not blessed me,
And if he was not warmed with the fleece of my sheep;
21 If I have raised my hand against the fatherless,
When I saw I had help in the gate;
22 Then let my arm fall from my shoulder,
Let my arm be torn from the socket.
23 For destruction from God is a terror to me,
And because of His magnificence I cannot endure.

24 “If I have made gold my hope,
Or said to fine gold, ‘You are my confidence’;
25 If I have rejoiced because my wealth was great,
And because my hand had gained much;
26 If I have observed the sun[c] when it shines,
Or the moon moving in brightness,
27 So that my heart has been secretly enticed,
And my mouth has kissed my hand;
28 This also would be an iniquity deserving of judgment,
For I would have denied God who is above.

What is Job stressing as the danger in having riches?

What is there to learn about wealth and attitude?

Note: God does not condemn wealth but He does condemn the misuse of wealth.

Before we can find what God’s amswer is to our financial problems we must first asess the problems. All too often we merely treat the symptoms rather than the disease. Our financial circumstances are the symptom of an earlier wrong attitude. What are the symptoms that tell that an attiude problem exists?

Overdue Bills

Worry about investments and savings

Get Rich Quick Attitude”

Laziness

Deceitfulness

Greediness

Covetousness

We will discuss these symptoms further next time and look as how the Great Physcian says to cure the disease of financail ailments.

Tune into Blog Talk Radio Here:

http://www.blogtalkradio.com/universallifechurch

And check out and <like > these Facebook Pages!

https://www.facebook.com/pages/Universal-Life-Church/147869338562220

https://www.facebook.com/pages/Empty-Cross-Ministries/171930279510531?ref=ts

 

 

 

 

 

 

Are you prepared for the coming crisis? Personal finance God’s way!

We will pick up on our study of angels at a later date. I think now is a prudent time to focus on finances and how to handle money in a God homoring manner. Every one is talking about the recent rise in Gas prices- there are many things responsible for this, unrest in the middle east is one factor but the oil prices are largely driven by supply and demand. I don’t know about you but last spring when the gas prices hit nearly five dollars a gallon- that pretty much wiped out any savings I had. I am just beginning to revover from that and they are up again in February this time, and there are rumors of five dollars a gallon by Memorial Day. If the economy continues on its present course it is only to get worse. Granted some optimistic numbers came out last week but I think they are skewed and give a false hope and we will see revised numbers that give a totally different picture. No matter what, remember our hope is in Truth, that is Jesus, and He gives true hope to those who accept His offer of salvation. I am going to cover two things here- one a continuation of our discussion on attitude and then a practical way to set up a budget that will work for you no matter what your income is and no matter what your situation is, a budget is like a map- it will show you where you are at and how to get where you want to go. God uses money to enhance and direct out lives but satan will try to use to entangle and shackle us. We need to recognize the danger of financial bondage. Financial difficulties is probably the number one reason why marriages fail due to the stress and worry that finacial difficulties brings. Why do we have financial difficulties? It is because we have violated one or more scriptural principles. It is not always a lack of money that causes stress, an overabundance can cause stress and worry too. If there is too little – the concern is getting more- if there is an abundance the worry is about losing it. Again we see that in God’s Word is attitude that is reflected. Lets take a look at Proverbs 30:7-9- which is one of my favorite verses!

 

Proverbs 30:7-9 (New King James Version)

Proverbs 30:7-9

New King James Version (NKJV)

7 Two things I request of You
(Deprive me not before I die):
8 Remove falsehood and lies far from me;
Give me neither poverty nor riches—
Feed me with the food allotted to me;
9 Lest I be full and deny You,
And say, “Who is the Lord?”
Or lest I be poor and steal,
And profane the name of my God.

 

We can see that the danger is riches is that we might forget where those riches came from and forget about God and become content without Him, and that the danger of poverty is that we might be tempted to steal and dishonor God.

 

Now we move on need to define what a debt is. A debt is something that is owed that one cannot pay. In other words, it is unmet obligations. Money borrowed and repaid according to terms is not a debt but is an obligation, it bcomes a debt when that obligation cannot be met.

Lets look at Proverbs 22:7

Proverbs 22:7

New King James Version (NKJV)

7The rich rules over the poor,
And the borrower is servant to the lender

We see that the borrower becomes a servant or slave to the lender. When one borrows beyond his abiltiy to pay it is because of a lack of self discipline to save for the object or the inability to deny oneself a maeterial desire.

Lets look at Luke 12:15 for a moment

Luke 12:15

New King James Version (NKJV)

15And He said to them, “Take heed and beware of covetousness,for one’s life does not consist in the abundance of the things he possesses.”

The fact the someone cannot meet their obligations is the result of an earlier attitudes. Fill in the blank here:

Beware of___________________________

Lets take a look at Proverbs 21:17

Proverbs 21:17 (New King James Version)

Proverbs 21:17

New King James Version (NKJV)

17 He who loves pleasure will be a poor man;
He who loves wine and oil will not be rich.

Does this mean that God disallows any kind of pleasure or enjoyment?

OK Now lets get to the practical of setting up a budget. I have used most of my adult life this budget that is divided up into categories. I call it the 70-20-10 plan. Sevety percenty of income goes to living expenses, no more than twenty percent of income in debt and ten percent into a liquid savings. These per centages are based on net income aka your take home pay. That is what you have to live on.

ILiving Expenses

a.Rent or mortgage

b.Utilities:

c.electric

d.Natural Gas bill

e.Water Bill

f.Telephone/internet.cell phone

g. Groceries

h. transpotation costs

  1. auto payment
  2. insurance on auto
  3. gasoline
  4. repairs and maintence

also include here gifts for birthdays and Christmas and also in this category would be clothing and laundry expenses.

  1. credit card paynments and other loans as these are paid down and paid off those funds should go to savings for future use.
  2. And this is last bit should be first- Saving – 10% of take home pay. More to come on finance – how to handle your money in a God honoring manner.

 

 

 

Daily Bible Reading Plan for the Week of 20 Feb

Daily Bible Reading Plan for the Week of 20 Feb
day 42
Matt 1717:14-27
Acts 24
Psalm 39
Lev 5-7

Day 43
Matt 18:1-14
Acts 25:1-12
Psalm 40
Lev 8-10

Day 44
Matt 18:15-35
Acts 25:13-27
Psalm 41
Lev 11-13

Day 45
Matt 19:1-15
Acts 26:1-18
Psalm 42
Lev 14,15

Day 46
Matt 19:16-30
Acts 26: 19-32
Psalm 43
Lev 16,17

Day 47
Matt 20: 1-16
Acts 27:1-26
Psalm 44
Lev 18-20