Information Related to "Keys to Successful Money Management"
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When we decide to use our money according to applicable scriptural principles, we soon see the need for planning and review. Notice some advice from the book of Proverbs:
"Be diligent to know the state of your flocks, and attend to your herds; for riches are not forever, nor does a crown endure to all generations. When the hay is removed, and the tender grass shows itself, and the herbs of the mountains are gathered in, the lambs will provide your clothing, and the goats the price of a field; you shall have enough goats' milk for your food, for the food of your household, and the nourishment of your maidservants" (Proverbs 27:23-27).
This passage shows why we need a financial plan-a budget-for our household. Notice that several timeless principles spring from this passage.
First, we need diligence to successfully implement any financial plan. In the example above, we are advised to carefully monitor the state and condition of our animals. If an animal becomes ill, it needs special care. Insufficient food or water for livestock requires immediate attention. A farmer with herds must look after his animals if they are to survive and the household is to prosper.
How does this apply to those of us who aren't farmers or ranchers? The fundamental lesson is that we cannot expect financial success by simply devising a plan and then blissfully ignoring the factors that affect it. Instead, we must know where, how and why we spend our money. If we ignore this principle, we will find ourselves making poor decisions and spending money we don't have.
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