This column deals with the biblical principles needed to obtain freedom from financial bondage.

FAITHFUL MANAGEMENT
Very few people can keep an accurate stewardship plan in their heads. Thus, its almost impossible to use income in the best possible manner without keeping an updated 3 to 6 month plan. This projection of expected income and expenses for the household lets you know if money is available to save after all bills are paid or if all bills cannot be paid at some point in the future. Developing and implementing a steward ship plan makes you a better steward of God’s resources. Its purpose is to properly manage your income through giving, debt elimination, and saving.

Immediate benefits are learning to better understand your present financial condition, better planning for periods when expenses exceed income, identification of wasteful spending, identification of the need to reduce expenses or earn additional income, better financial decision making to achieve short and long-term goals, and obtaining knowledge, understanding, wisdom, and revelation necessary to better your financial situation.

Long-term benefits are debt elimination, asset growth through compound saving and investing, an ability to handle emergencies, a life filled with peace, joy, and prosperity, and the ability to give to other people by sharing principles that bless their lives and families. Please pray for this ministry. May God bless you richly as you follow His plan!!!

Proverbs 27:23-27, Habakkuk 2:2-4, Luke 14:28-30, 1Timothy 5:7-8

Randy E. Parlor is the author of “Common Sense: Receiving God’s Financial Promises.”

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