- Spend less that you make.
- Give 10%. Save 10%. Live on 80%.
- “Finances are a crock pot reality in a microwave world.” (Dave Ramsey)
- If you can live without it today, then you can live without it.
- Even the baby Jesus only received three Christmas gifts. Sometimes we give our children too much.
- Shred loan and credit applications.
- Use cash whenever possible. A study by bankrate.com discovered that consumers spend 30% MORE at restaurants when using credit rather than cash.
- Credit cards should be a convenience and not a necessity. Don’t charge more than can be paid off at month’s end.
- The power of compounding interest works for us with savings and against us with loans.
- Insurance is a balancing act between benefit and cost. Insure the things you cannot afford to lose.
- Consider higher deductibles on insurance policies for premium savings.
- Make a current will—especially if you have children. Do NOT put it in a safety deposit box.
- Tithe, if you love Jesus. Anyone can HONK.
- “Make all you can, save all you can, give all you can.” (John Wesley)
Excellent advice for all. Thanks for the reminder. I need to practice a bit more!
I agree with everything you say except as to not putting the Will in a safe deposit box. Some people are incapable of keeping and being able to find important documents. For those people safe deposit boxes may make sense. So I would suggest that IF you use a safe deposit box you should make sure that at least one person other than yourself is authorized and able to get into the safe deposit box so that they can get in it easily if you were to die.