Using Money Wisely
I believe that money is a blessing from the Lord, which most of us tend to use in unwise ways, so much that the blessing becomes a curse. There are also people who think money is everything, and they would do anything under the sun, irregardless of morality, just to get it. Some people work hard and reap their harvests, while some live for the day. While it’s true that some people earn more than others, there is a way for all of us to save money, if we follow these simple tips:
1. The moment you get your paycheck, deduct a percentage as a form of tithe. This is our way of showing gratitude to the Lord and giving back to the Lord a portion of what’s rightfully His. We are just stewards of His blessings. It’s but right to show some gratitude. The tithe can go to churches, your choice of foundations, or any institution that helps the less fortunate.
2. The moment you get your pay check, deduct a percentage from your check for your retirement/savings. Promise yourself not to touch it until you retire. A lot of people put their savings into investments so that while they are saving more each week or monthly, their money also grows at a higher rate than banks. A good advise would be to invest in the local stock markets. Invest in blue chip companies that yield stock and cash dividends, and reputable companies that have been around for quite some time now. It is unwise to invest in initial public offerings or IPO’s. There is a high risk there, since the company is just newly listed in the stock market and nobody knows how the company stock and company itself is going to perform.
3. The moment you get your check you also deduct a percentage for anything else which is important to you, like your child’s future education and for his future after graduating from college. It’s always wise to start early. Putting that in stocks or others would also be nice.
4. Spend wisely on the remaining percentage that is left after #1-#3 is set aside. Think first before you shop for yourself, or see a movie alone. “Do I really need 200 pairs of shoes and bags?” or “Don’t I have this movie already downloaded in my PC, and do I really need to watch a movie every weekend?” Perhaps the answers to some of those would be in your lifestyle choices. You just have to live simple. Kick out that expensive habit.
When you spend the money, make sure you’re not the only one benefiting from it. Money is a blessing from the Lord which we should also be blessing others with. If others can benefit from your blessings, you should. You would also be thanking the Lord in this way. So take a second look at that neighbor who shared to you that he doesn’t have enough money to buy decent clothes. If you have enough to spare, share it. You’ll be blessing that neighbor, and God will be blessing you in return. When God blesses, he blesses in abundance. Be contented with what you have, but don’t be contented with what you earn. Pray that you earn more so that you may bless others more.
Luke 16:11 says, “So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches?”
Use your money wisely!