- Understand biblical financial principles
- Create a budget (spending plan)
- Spend less than you earn
- Have clear financial goals
1.Use your preferred method (online app, computer software, or paper and pencil) to track every expenditure you make. Do this as a couple if you are married. Review the spending categories so you know where the money is going. Continue this habit until you have control of spontaneous, non-essential expenses.
2. Wait. Learn to wait 30 days before any major purchase and to shop for a bargain on every purchase.
3. Spend less on utilities. Adjust the thermostat to be a little uncomfortable or turn it off and open the windows; deliver your garbage to the landfill instead of paying for a service.
4. Drive smarter. Bundle your trips so that you drive less; shop for the best prices on gasoline.
5. Buy more to spend less. Join a food co-op or buy a warehouse membership; buy in bulk items you frequently use.
6. Use less entertainment. Cable TV, Internet, movies, iTunes, sporting events and eating out are expensive forms of entertainment that can be eliminated and replaced with trips to the library, a walk in the park, or a picnic with friends or family as you develop an appreciation for less noise and more beauty.
7. Buy used. Shop at thrift stores and garage sales. Check for items on craigslist and eBay from reputable sellers.
8. Homemade is better. Learn to make things yourself that you once thought you had to purchase, such as clothes, gifts, cards, meals and treats.
9. Do it yourself. Don’t pay for services you can do yourself, such as taxes, maintenance, cleaning, and home improvement projects. Check out “How To” manuals from the library and sign up for free classes at home improvement stores to learn new skills.
10. Think differently. Ask yourself, “How can I get this done for less? What would I do if I had no money to pay for this but still needed it? Who do I know that may have advice or resources to help me with this need? What can I exchange or barter to get what I need?”
11. Clear your mind. Walk more, ride a bike, cancel magazine subscriptions and stop watching television commercials that create a desire for more things.
Read Proverbs 21:20