Bulletin Board: Money, Money, Money. $20 a week makes a difference!

Learn to pray for provision  

 

Golden Nugget:  Plan your saving and spending”

 

 

Resources:  www.christiandevotions.us posts Faith & FINANCES, Bible-based devotions aimed to help readers apply God’s financial principles in their lives—every Tuesday a new finance devotion posts.

 

Also listen the interview with financial minister, Chris Stocklin:  http://www.christiandevotions.us/radio.html

 

 

Ron Blue teaches simple saving principals.

1.  Patient Savings Plan:  Save $21 a week or exactly $83. a month with 8% yield = $259,000 in forty years. 

Now, right now you may not find 8%, but save your money in an account (CD possibly).    

Older than 20?  Save more than $83.33 per month to catch up, if you can.

 

 2.  Ron Blue also teaches a principal called:  Opportunity Cost

This means the item you purchase for $20 cost you more because it’s a lost opportunity to earn money.  How much more would the twenty dollars mean to you in 20, 30, 40 years?  The item doesn’t cost $20, it cost the money you could have earned if the money had been invested instead.

 

Links to Ron Blue

http://www.ronblue.com/weblinks.php

www.everydaysteward.com

www.soundmindinvesting.com

“Disclaimer – Ronald Blue & Co. provides the names of other financial organizations and/or vendors of financial products as a convenience to its web site visitors. Ronald Blue & Co. may not agree with, nor does it make any warranty as to the accuracy of the information supplied by these organizations or vendors. It is not intended to be a substitute for personalized legal or financial planning advice.”

 College Savings Plans:  Check the 529 plan in your state (Tax advantage savings plan)

Work:  Sell handmade products on-line                                    a_treasure_chest_full_gold_coins_and_jewelry_royalty_free_clipart_picture_treasure_chest

http://www.madeitmyself.com/terms.aspx

 

More ways to stop spending so you can save

Use the library

Sew:  hem your pants, sew on buttons, alter clothes

 

Does it mean you can never spend?  No, but it you delay or reduce spending, the long term outcome is financial security.

 

There are creative ways to save money that you may like to share.  Please comment and share your money saving ideas.

ANSWER TO YESTERDAY’S QUESTION:  Is a car an investment?  (NO)

Today’s question:  Is jewelry an investment?  freejewelryimages

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One CommentLeave a comment

  1. You mentioned, “Ron Blue of Sound Mind Investing.” Ron Blue does not work for Sound Mind Investing, though we have used excerpts from his books. Thanks for the mention though.


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