5 Strategies On How To Make Your Money Work For You
My new mantra has become, “Don’t work for money, make money work for you”
According to scripture, God requires us to be good stewards of the resources that He has blessed us with and no matter the occasion, we are to be found faithful in the use and care of it. (1 Corinthians 4:2)
There is no question that finances [money] is a huge part of those resources, and as long as we do not make it to be our god where it then becomes the root of evil (1 Timothy 6:10), it is one of the resources as the bible says, that will solve a number of our everyday problems. (Ecclesiastes 10:19)
It is however amounting to be a common practice in society today that many of us are becoming too dependent upon money, short of making it our god and despite our best efforts, it is proving difficult for us to control.
Many have become slave to money and money has become the new master.
Money is telling us what to do as opposed to us assigning a destination to it and telling it what it should be doing for us. And much like a revolving glass door, it comes and it goes as it pleases.
But I believe there is no better time like now for us to really begin to make some hard choices and instead of just working for money, we must begin to make every penny work for us.
Consider these strategies:
1. Create a mission statement for your financial life
Your money must understand its mission and purpose in your financial life and once it does, you will notice how every dollar begin to fall into its rightful place.
2. Assign a destination to every single dollar that you have
At the start of every month, sit down and tell your money exactly where it is going – it is also called budgeting. There are monthly fixed recurring expenditures such as rent or mortgage and car notes.
Tell your money how much it will pay on credit card debts and exactly how much will go to fund your retirement account. Learn to say no to money when it begin to act like an out of control teenager throwing a tantrum just so that it can run off to the hair and nail saloon or to the drive through for its next take away.
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3. Tithe 10% of your gross income to the church
Always remember the Lord and keep in mind that it is He who gives you the power to get wealth. (Deuteronomy 8:18) Tithing is a reciprocal biblical principle (Malachi 3:10) that not only honors God, but opens up great streams and avenues of blessings into your life. Not doing according to these principles brings a curse in your life upon your finances.
4. Give to charity
Yes, give to charity. There are so many “wasted resources” in the things that we have lying around in our homes that are not in use, and perhaps will never be used that can be given to charity such as the Red Cross, Salvation Army and so on. Too often we look for someone else to give into our bosoms, failing to realize that the blessing comes when it is the other way around when we give into the bosom of others instead. (Acts 20:35)
5. Trim away the fat – go lean
Scrutinize every dime you spend and identify all the areas with the fat and start trimming them away. Ask yourself; is it really necessary to have the fast food or take out dinner or to have that home cooked meal that is far less expensive?
Begin to negotiate better auto insurance rates, avoid the vending machines at work, and switch to cheaper telephone or internet plans. Buddy share when it comes to driving so you can save on gas or even walk for close distances.
Once you start scrutinizing your daily expenses, you will discover many areas in which you can save that you never once thought of so that you no longer work for your money but make your money work for you.
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Was this post helpful? What other strategies that you have been using that’s not on this list that you would like to share with us? Share with us in our comment section below..