30 Days To Breakthrough

Welcome to Day #18 of your “30 Days To Breakthrough” journey. Today’s topic is “Plan Your Spending.” This is the principle of BUDGETING.

QUOTE
“Budgeting is telling your money where to go instead of wondering where it went.”

LESSON
No one ever becomes financially free without planned spending. That’s because financial freedom is not determined by how much you make. That’s one of the biggest myths in our society. If you can’t live on what you’re making right now you won’t do better with a higher salary. Why? Because your yearnings will always exceed your earnings. You’re always going to want more than you make.

Financial freedom is not based on how much you make, it’s based on how much you spend. Financial freedom doesn’t come from making more, it comes from spending less. That means that no matter how much (or how little) you make you can be financially free. All you have to do is bring your spending in line with your income. If you spend less you don’t have to make more. Bottom line: you can be financially free if you will plan your spending.

One of the areas we don’t do too much planning is in our shopping.

Out of control spending is a mark of immaturity.

How do you spell relief for impulse buying and overspending? BUDGET! If you don’t do this then you won’t have God’s blessing on your life because He wants you to learn to manage money.

BUDGET CHECK – 5 questions to ask about your budget

1) Is everything we are going to spend written down on paper? Every time you go to spend money, think about what category is this going to come from.

2) Are we honoring God completely or taking faith steps with our giving?

3) Do both spouses totally agree with the plan?

4) Does it balance? Does it equal zero. Decide where every dollar is going to go. Every time new money comes in, decide where that is going to go.

5) Can we and will we follow this completely until our next pay cycle?

QUESTION
Lord, in what ways can I improve planning my spending?

LINK
Crown Financial Ministries – How To Budget

PRAYER
Heavenly Father, we praise You as the greatest planner of all time. Help me to plan my spending in a way that honors you. Rid me of any spirit of covetousness. In Jesus name, I pray. Amen.

Blessings to plan your spending!

R. Joseph Peck, M.D.
“Blessed to be a blessing”
THE CONNECTOR and The Journal Guy
Changing Lives to Disciple Nations
Community Transformation Specialist

Tags: 30 Days To Breakthrough, joseph peck, Plan Your Spending

This entry was posted on Thursday, February 18th, 2010 at 5:55 am and is filed under Breakthroughs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.