Reading: How to Save Money part 1

How to save money

Benjamin Franklin

A penny save is a penny earned.

Actually a penny saved is a penny earned plus interest.

Bible verses about saving money

Proverbs 10:5 (TLB)  A wise youth makes hay while the sun shines, but what a shame to see a lad who sleeps away his hour of opportunity.

Proverbs 6:6 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.

Why save money?

Expected future needs

Unexpected future needs

Big ticket times

Future goals

Oppositions to saving money

Present needs

Present wants

Addiction to spending

How to protect your savings

Invest

Separate fund

Automatic savings account

Cash only rule

Godly attitude towards saving

All your money belongs to God

You will be held accountable for every dollar you get

Your money has a purpose

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