Many of us only dream of saving money. Here’s a quick snapshot of America’s finances. The Wall Street Journal indicates that 70% of all Americans live from paycheck to paycheck. The Oprah Winfrey Show indicated on an online survey that 70% of responders has no savings anywhere. You almost have to pull a gun on Americans to get them to save.
Solomon the wisest man who ever walk this planet says in Proverbs 21:30 “The wise man saves for the future, but the foolish man spends whatever he gets.”
We have learned in Financial Peace University (3) key reasons to save money; for emergencies, for purchases and to build wealth. Working in the risk management and academic arena for over 20 years, we label emergencies in 5 categories we call the 5 storms of life or the 5D’s.
1Disasters – Car accidents, weather related perils, any unexpected incidents.
2Disability – Any physical condition that prevents your daily living activities.
3Downsized – Loss of employment, bankruptcy or divorce.
4Death – The loss of a person who contributes to your financial well being
5Deployment- Active& reserve military called to serve 6 or more months away
If you want to become a faithful steward you must begin the process of saving money. Moving to a higher level of stewardship requires dedication, discipline and diligence. Living the life of surplus and overflow takes wisdom.
Many of us have struggled so long in our financial lives we get comfortable with a life of stability. Now is not the time to rest, keep moving. There is so much God have for you to learn, experience and become. You must choose to make saving a top priority. The choice is up to you.
Thank you for stopping by. We welcome your post how making saving a top priority has helped you become a better steward of your wealth.
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