MONEY MAN­AGE­MENT

Five keys to fi­nan­cial re­spon­si­bil­ity

Activated - - FRONT PAGE - By Peter Am­s­ter­dam, adapted

A pas­tor once said, “Liv­ing right fi­nan­cially isn’t com­pli­cated; it may be dif­fi­cult, but it isn’t com­pli­cated.” It’s dif­fi­cult be­cause liv­ing right fi­nan­cially is more than sim­ply learn­ing fi­nan­cial strat­egy and man­age­ment tech­niques; liv­ing right fi­nan­cially has spir­i­tual com­po­nents as well. It’s im­por­tant to have a godly view of money and to use it in the cor­rect way.

The Bible verse “The love of money is a root of all kinds of evil”

1 has of­ten been mis­con­strued to im­ply that money is the root of all evil. But it is the love of money that is the root of all evil, and that is cer­tainly true. There is gen­uine danger if un­due im­por­tance or a sense of se­cu­rity is at­trib­uted to money. As many peo­ple have dis­cov­ered through per­sonal ex­pe­ri­ence, fi­nan­cial se­cu­rity can be fleet­ing; last­ing se­cu­rity is only found in God.

Nonethe­less, we need money to live, to care for our loved ones and com­mu­ni­ties, and to bless oth­ers; thus, the topic of fi­nances is rel­e­vant to each of our daily lives.

Most ex­perts in this field agree on a hand­ful of points that are key to good money man­age­ment. If you’re look­ing for a formula to help you wisely man­age your fi­nances, I rec­om­mend these five points as a start­ing place.

When the sub­ject of money comes up, or you hear terms like “fi­nan­cial sta­bil­ity” or “sav­ings,” you might groan, es­pe­cially if you feel over­whelmed by the prospect of im­prov­ing your fi­nan­cial sit­u­a­tion. Per­haps you’re strug­gling fi­nan­cially right now. Per­haps you’re in debt. Per­haps you don’t see how you’re ever go­ing to be able to save, or at the rate you want to, due to your cur­rent cir­cum­stances. Be­fore go­ing fur­ther, I want to en­cour­age you with two em­pow­er­ing thoughts.

The first is: With God’s help, noth­ing is im­pos­si­ble.

The sec­ond is: Any God-or­dained goal can be reached … one small step at a time.

So if you have a long way to go to reach your fi­nan­cial goals, if you’re strug­gling with debt, or if you feel dis­cour­aged or even in de­spair when it comes to per­sonal money mat­ters, re­mem­ber this: God’s power can make your “im­pos­si­ble” pos­si­ble, fi­nances in­cluded.

Through that lens, let’s look at these five prac­ti­cal cor­ner­stone points to fi­nan­cial re­spon­si­bil­ity.

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