Managing Family Finances for a Debt-Free and Quality Life
Explore the significance of managing family finances for achieving a debt-free and prosperous life as guided by biblical scriptures. Emphasizing contentment, avoiding the love of money, and being mindful of borrowing to maintain financial stability and freedom.
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FAMILY FINANCE
THE WAY TO A DEBT FREE LIFE
Gods will is that we have quality life
Jer. 29 vs 11 For I know the thoughts that I think toward you, saith the Lord: 1. thoughts of peace 2. not of evil 3. to give you an expected end
3 John 2 Beloved, I wish above all things that thou mayest prosper and be in health, even as thy soul prospereth
Psalm 24:1 The earth is the Lord s and everything therein
Deut 8:17 - 18 And you shall remember the Lord your God, for it is He who gives you power to get wealth, that he may establish His covenant which He swore to your fathers, as it is this day
1 Tim 6:10 For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through many sorrows
In order for family finances to be stable, we must follow the advice in 1 Tim 6:6-7
To be content Godliness with contentment is great gain, for we brought nothing into the world...
Prov 22:7 The rich rules over the poor, and the borrower is a servant to the lender.
If you want to betray your freedom, BORROW!!
Romans 13:8 Owe no one anything except to love one another, for he who loves another has fulfilled the law
Spent according to your income. Do not spend money before it comes
When making a purchase, ask yourself: do I really need this? Hebrews 13 v 5
Proverbs 10:22 The blessing of the Lord makes one rich, And He adds no sorrow with it.
E.G. White Adventist Home p384 It is not best to pretend to be rich, or anything above what we are humble followers of the meek and lowly Saviour. We are not to feel disturbed if our neighbors build and furnish their houses ,it is a snare to us to aim at making a display or to allow our children, under our control to do so.
TIPS FOR PRACTICAL LIFESTYLE ADJUSTMENTS Live simply within your means. ( 1 Timothy 6 v 6 -8). Do not covet the possessions of others. ( Ephesians 5 v 30). Examine your home for evidence of hoarding. ( Luke 12 v 18). Do not fall for commercial advertising shop wisely based on good counsel. ( Prov. 11 v 14). Analyze the cost of seemingly small expenditures, such as eating out, buying brand name clothing , etc. These can add up to substantial sums of money. ( Prov. 27 v 23 -24 ). Deaccumulate by going through your closets, drawers, storage places , garage, basement, etc. (Matt. 6 v 19 -20). Be willing to purchase pre-owned items. Oftentimes you can save substantial amounts of money by getting what someone else previously paid full price for. ( Job 27 v 16, Prov. 13 v 22). Be willing to pray before making special purchases. Give God the opportunity to lead you or provide for you in an unexpected but more affordable way. (1 Pet.5 v 7).
