The financial area of life is about being in control of your money. It’s also about having enough money for everything you need and for some of the things you want. The amount of money you have is relative to the amount of money you get (from work and other sources) and the amount of money you spend. This area also involves getting out of debt and staying there. Financial freedom should be your goal.
Keys
- Know how much money you have at all times. At least have a very close estimate.
- Have a plan for spending your money (a budget). It’s the key to managing your money.
- Don’t spend beyond your means. That means don’t spend more money than you have. Nowadays it is easy to do that by using credit or by not paying bills on time and then buying something else instead.
- Tithe to your local church.
- Have an emergency fund to fall back on.
- Have a system for paying bills.
- Avoid using credit cards and getting loans whenever possible.
