5 Good Financial Habits

Today I want to give you 5 good financial habits that you can put in place. If you get these right, you can set yourself up for a brighter and blessed future…

1. Put God first with your finances:

When you put God first, He takes care of the rest.

“Honor the Lord with your wealth, with the first fruits of all your crops; then your barns will be filled to overflowing, and your vats will brim over with new wine.” (Proverbs 3:9-10)

2. Know what you are earning and what you are spending:

Budget – keep a track of your income and expenses.

“… first sit down and estimate the cost to see if you have enough money to complete it…” (Matthew 14:28)

3. Stop living on credit:

Go on a debt diet.

Debt steals your cash flow and your joy.

Get out of debt and stay out of debt!

“Owe nothing to anyone—except love” (Romans 13:8)

4. Watch your spending:

Spend less than you earn, and don’t let your money burn a hole in your pocket.

Cut back on wasteful expenditure.

“the wise are cautious and avoid danger, fools plunge ahead” (Proverbs 14:15)

5. Save before you spend:

Build up your savings and allow your money to accumulate.

“The wise man saves for the future, but the foolish man spends whatever he gets.” (Proverbs 21:10)

You can form good financial habits.

Work hard and be disciplined with your money.

“Lazy people want much but get little, but those who work hard will prosper.”(Proverbs 13:4)

Don’t just talk about changing your habits – do something about it!

Set up a few new good financial habits and stick to your plan.

If you are prepared to change, everything will change for you.

We are told that it normally takes 21 days to form a good habit.

When it comes to saving, I believe it takes 21 months of putting funds aside!

You need to start managing your money well.

Do you want to get out of debt? Do you want to save? Do you want financial freedom?

If so, you need to change your habits.

Cut a new path!

If you want to have something you have never had, you are going to need to do something that you have never done.

What are your financial goals? What do you want?

Make a decision to change. Set up a plan.

Practice your new habit.

It may be tough, but keep on pressing on.

Eventually, your new good financial habit will become a regular routine and a way of life.

Follow through!

I know it is easy to start something, but you need to follow through.

You need to have a no-exception policy with your financial habits – one that you will stick to no matter what happens.

Get disciplined. Get determined.

Sometimes it is good to be flexible, but with your good financial habits, you need to be inflexible.

Make a decision to stick to your savings plan over the long term. Make it a decision to not take on new debt.

Make a commitment to stick to your new habits. Don’t compromise. Be single-minded.

Make your habit a consistent practice until it becomes a way of life.

You can form good financial habits. It is time to form good financial habits.

Have a blessed week.

God bless you.