Thisis the title of one chrisitan book by Dick Towner and John Tofilon that I've bought in christian bookshop in Rome and the topics in it offer you a lot of suggestion for traform your finances following biblical principles.
You can aldo don't believe but in the Bible there are a lot of verses that can be used in finance.
Th ebook is divided in 6 lessons:
- Financial Dilemmas
- Earn, give, Save
- Savings vs Debts
- Spending
- Balance
- Improve yourself into family account and finance
But before to start with first lesson there are some things that you really need to have, first of all you would must to have office supplies (I use colourful scheme to understand and divide better section, for example red is for fixed bulls, green for fun stuff shopping, yellow for savings and more).
Necessary items to do a good work are notebook, pencil, pens, markers, olourful folders (having a colour for every section is good so became easy also collect and divide things in specific sections, calculator, I also bouhgt a little notebook where I wite everyday, every single things I buy also the cents (a last minute chewgum, a coffee, the tootpaste you finished and you bought this means that you cannot lie about nothing, dont put inthe bin receipts and bills because you need to do a good work and understand in which area you need to work.
Yes you need to put everything in order, if you're single and you're living alone, fix a date in your calendar and see how much yo spend, if you can adjust some areas and how is going your work, respect the date and honestly I'd suggest to do weekly and have a notebook where i wrote what bouhgt and spent everyday. Excel will became your best friend.
| DEBTS | DEBT AMOUNT | MONTHLY RATE | COMMISSION % |
| Mortage | |||
| Credit Card | |||
| Car loan | |||
| Family/friends | |||
| other |
Total Debts:
| MY ENTRANCES | WORTH |
| Bank Account | |
| Savings Account | |
| Other Savings | |
| Insurances | |
| Home (market's value) | |
| Car(market's value) | |
| Second car(market's value) | |
| Other properites (market's value) | |
| My credits | |
| Others | |
| Total amount of properties |
If you are married or living together with your partner and you decided to share the budget, well this is a thing to do absolutely together have a honest talk, about how much is every income and debts you have, being a couple his debt became also her debt and viceversa. Knowing exactly hom much is your mothly income and which are fixed monthly bills then you can have an idea about the money you can say everymonth and have also a leftovr for fun stuf shopping
Discuss about goals you want to achieve:
- Pay the debt (if you have)
- Savings for important expenses (home, car etc.)
- Savings for emergency funds (try to save 3/6 months of bills)
- Savings for extraordinary home imporvemt works (house repairs usually are very expensive)
- Saving for college (for you or if you have kids for them
- Charity
- Other
Next time we will talk about lesson number one: financial Dilemmas
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