Reading: Personal Finances part 1 (Slides)
Personal Finances
Professor Steve Elzinga
Most Common Mistakes
Spending more than you make
Philippians 3:18-20 For, as I have often told you before and now tell you again even with tears, many live as enemies of the cross of Christ. Their destiny is destruction, their god is their stomach, and their glory is in their shame. Their mind is set on earthly things. But our citizenship is in heaven. And we eagerly await a Savior from there, the Lord Jesus Christ,
Most Common Mistakes
Monthly payments
Most Common Mistakes
Paying interest for things that do not appreciate
Most Common Mistakes
Credit card traps
Most Common Mistakes
Car payments
Most Common Mistakes
Co-dependent relationships built on money
Luke 15
Most Common Mistakes
Hooked on shopping
Proverbs 3015 "The leech has two daughters. 'Give! Give!' they cry.
Most Common Mistakes
Reward spending
Most Common Mistakes
Debt Motivation
Romans 13:8 Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.
Most Common Mistakes
Living pay check to pay check
Proverbs 6:6-8 Go to the ant, you sluggard; consider its ways and be wise! 7 It has no commander, no overseer or ruler, 8 yet it stores its provisions in summer and gathers its food at harvest.
Most Common Mistakes
Negative money habits autopilot
Most Common Mistakes
Do not appreciate the real cost of everything
Luke 14:28 "Suppose one of you wants to build a tower. Won't you first sit down and estimate the cost to see if you have enough money to complete it?