Walking in God’s Favor: The wise man saves for the future, but the foolish man spends whatever he gets. Proverbs 21:20 TLB
The Struggle to Save
Many of you 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.
Preparing For The Storms of Life
We have learned in Financial Peace University (3) key reasons to save money; for emergencies, for purchases and to build wealth. With Ardella and I having careers in the academic and risk management arena for over 25 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.
If You Are Saving, You Are Succeeding.
Many of you have struggled so long in your financial lives you 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 can change your family tree.
Prayer of Blessing: Lord, help us to become savers.
Michael J. Vance is the co-host of a podcast Better Husband Father Man hub for all things; parenting, marriage, and self-improvement. He is a financial & benefit risk manager with Hundley Batts & Associates Insurance Agency and co-founder of Stewardshipofwealth.com Ardella Vance volunteers her time, talents, and financial resources to causes she is passionate about. She is a gifted educator and a Master Guide in the Pathfinder Club, a global organization empowered to teach life and leadership skills to young people. The Vances have been married well over 3 decades and share their lives with four adult children and ten exceptional grandchildren. They currently reside in Huntsville, Alabama and blog from their workbook “Stewardship of Wealth”.