Samstag, 10. Mai 2008

Where is my money going?


If u don't choose where your money goes, it shurly will go on wrong things!

Here are some Tips that i found interesting. I got them from a financial seminar!

Practical Tips
  • Pay the Lord first (Will a man rob God?) Malachi 3:8,
    honor God with your Money(Support the Church, help the needy)

  • Pay yourself second (Trick yourself into saving using automatic deductions).

  • Use cash instead of credit cards.

  • Save at least 10% of your income.

  • Don’t spend more than 25% of your after tax income on housing, 15% on transportation, 10% on food and 5% on debt service

By not budgeting you are choosing to budget for the wrong things;

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