New Journey Fellowship
|Posted on February 24, 2015 at 7:40 PM|
January 25, 2015
Last week in the Pastors Pen I began this article about money. I,in no way, claim to be an expert with money, but I have learned a few things along the way. Last week, we began with my first point: "Saving money is hard" and I would like to pick back up where I left off.
1. Saving money is hard. (Part 2)
As I have said, saving money is hard, but why? Well, simply put, because it goes against our nature. We all "want what we want and we want it right now!" We want instant gratification and in a society where credit is readily available and, in fact, promoted, it is very difficult to go against "what everybody else is doing". After all, we are judged by what we drive, what we wear, where we live and what kind of toys we play with. But that brings us to the next fact about saving money:
2. Owing Money is Dumb
When we buy things on time, we end up paying far more for it than we would if we simply waited until we had enough cash to pay for it out right. This extra money could have been in our bank account earning interest, but instead it is sent to the bank because we bought things that we could not afford and did not have the patience to save up for. Dave Ramsey would call this "Stupid Tax". Yes, I've done it too. We all have, but it is still a dumb thing to do. What makes it worse is that far too often, before we have even got it paid off, this thing that we just had to have either breaks, goes out of style or we simply get tired of it and want a new one. This especially happens with cars and the dealer is always ready to give you "top trade in value" for that car that you have become convinced is not trustworthy to take you around the block. We can just trade up and roll what we owe into the new car payment.
The Bible is right when it says "... the borrower is servant to the lender." Proverbs 22:7. So, if we have become slaves then what can we do to be set free? That brings us to the next point: "Saving Money must be a Priority." but we will have to save that one until next week.