Monday, February 7, 2011

Spend Your Money Wisely

"Beware of the little expenses. A small leak will sink a great ship."

A wealth of financial books abound, but the best advice regarding fiscal responsibility can be summed up in the following words:
• Don't let your outgo surpass your income.

• Save or invest 10 percent of your take-home pay.

• Before resorting to credit purchases, ask yourself if the item will outlive the debt.

• Live simple. Downsize if need be.

• Put God first with your finances. Give a tithe of 10 percent to your local church.

• Don't stretch your budget so thin that you can't assist those in need.

• Cling loosely to material thins. Instead, invest your life in that which transcends earthly wealth.


2 show their love comments:

Ellen said...

Nice tips Kim :)

oomph. said...

these are really great tips...

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