Wisdom For Your Wallet
Personal finances are a leading source of stress among people today. Surveys have shown that more than two-thirds of the population lives from paycheck to paycheck. This causes many people to worry about money and second-guess their financial future. For many families missing just one paycheck would mean not being able to make a credit card payment, pay a utility bill or pay the mortgage.
There is a significant amount of evidence that points to the fact that the majority of people are either currently experiencing money problems or headed for financial trouble in the future. Savings rates are lower than they have been in decades. Consumer debt has tripled over the last 30 years. Personal bankruptcy filings remain at record highs and financial problems are often cited as the number one cause of divorce.
Statistics from the US Department of Labor reveal that out of every one hundred people who reach age 65 only two are financially independent, twenty-three must continue to work, and seventy-five out of one hundred have to depend on friends, relatives, or charity for financial support. This evidence alone is enough to prove where many of us are going to end up if we continue to go with the flow and do what everyone else is doing.
Unfortunately financial problems are just as common within the Christian population as they are among non-Christians. When it comes to the area of finances most Christians simply don’t have much of a witness. The lack of sound financial management is having a devastating impact on our Christian testimony. There is no doubt that Satan has successfully diluted our value system and diverted the finances God has given us for his own use. The question is what are we going to do about it? After all we are accountable to God for our stewardship and it’s our Christian responsibility to demonstrate proper financial behavior to those within the body of believers as well as non-Christians.
A flood of credit counseling agencies and other services have saturated the American media. Everywhere we look there is advertising pitching a solution to folks who are frazzled from financial stress. Some of these agencies do offer help while others are just out and out scams preying on people who are willing to grasp onto anything that sounds like a solution to their problem. Some may consider it fortunate that we have these services available but the reality is we have become experts at treating symptoms. We are constantly dealing with financial emergencies yet seldom solving the problems that cause those emergencies in the first place.
There is a significant amount of evidence that points to the fact that the majority of people are either currently experiencing money problems or headed for financial trouble in the future. Savings rates are lower than they have been in decades. Consumer debt has tripled over the last 30 years. Personal bankruptcy filings remain at record highs and financial problems are often cited as the number one cause of divorce.
Statistics from the US Department of Labor reveal that out of every one hundred people who reach age 65 only two are financially independent, twenty-three must continue to work, and seventy-five out of one hundred have to depend on friends, relatives, or charity for financial support. This evidence alone is enough to prove where many of us are going to end up if we continue to go with the flow and do what everyone else is doing.
Unfortunately financial problems are just as common within the Christian population as they are among non-Christians. When it comes to the area of finances most Christians simply don’t have much of a witness. The lack of sound financial management is having a devastating impact on our Christian testimony. There is no doubt that Satan has successfully diluted our value system and diverted the finances God has given us for his own use. The question is what are we going to do about it? After all we are accountable to God for our stewardship and it’s our Christian responsibility to demonstrate proper financial behavior to those within the body of believers as well as non-Christians.
A flood of credit counseling agencies and other services have saturated the American media. Everywhere we look there is advertising pitching a solution to folks who are frazzled from financial stress. Some of these agencies do offer help while others are just out and out scams preying on people who are willing to grasp onto anything that sounds like a solution to their problem. Some may consider it fortunate that we have these services available but the reality is we have become experts at treating symptoms. We are constantly dealing with financial emergencies yet seldom solving the problems that cause those emergencies in the first place.
Personal finances are a leading source of stress among people today. Surveys have shown that more than two-thirds of the population lives from paycheck to paycheck. This causes many people to worry about money and second-guess their financial future. For many families missing just one paycheck would mean not being able to make a credit card payment, pay a utility bill or pay the mortgage.
There is a significant amount of evidence that points to the fact that the majority of people are either currently experiencing money problems or headed for financial trouble in the future. Savings rates are lower than they have been in decades. Consumer debt has tripled over the last 30 years. Personal bankruptcy filings remain at record highs and financial problems are often cited as the number one cause of divorce.
Statistics from the US Department of Labor reveal that out of every one hundred people who reach age 65 only two are financially independent, twenty-three must continue to work, and seventy-five out of one hundred have to depend on friends, relatives, or charity for financial support. This evidence alone is enough to prove where many of us are going to end up if we continue to go with the flow and do what everyone else is doing.
Unfortunately financial problems are just as common within the Christian population as they are among non-Christians. When it comes to the area of finances most Christians simply don’t have much of a witness. The lack of sound financial management is having a devastating impact on our Christian testimony. There is no doubt that Satan has successfully diluted our value system and diverted the finances God has given us for his own use. The question is what are we going to do about it? After all we are accountable to God for our stewardship and it’s our Christian responsibility to demonstrate proper financial behavior to those within the body of believers as well as non-Christians.
A flood of credit counseling agencies and other services have saturated the American media. Everywhere we look there is advertising pitching a solution to folks who are frazzled from financial stress. Some of these agencies do offer help while others are just out and out scams preying on people who are willing to grasp onto anything that sounds like a solution to their problem. Some may consider it fortunate that we have these services available but the reality is we have become experts at treating symptoms. We are constantly dealing with financial emergencies yet seldom solving the problems that cause those emergencies in the first place.
There is a significant amount of evidence that points to the fact that the majority of people are either currently experiencing money problems or headed for financial trouble in the future. Savings rates are lower than they have been in decades. Consumer debt has tripled over the last 30 years. Personal bankruptcy filings remain at record highs and financial problems are often cited as the number one cause of divorce.
Statistics from the US Department of Labor reveal that out of every one hundred people who reach age 65 only two are financially independent, twenty-three must continue to work, and seventy-five out of one hundred have to depend on friends, relatives, or charity for financial support. This evidence alone is enough to prove where many of us are going to end up if we continue to go with the flow and do what everyone else is doing.
Unfortunately financial problems are just as common within the Christian population as they are among non-Christians. When it comes to the area of finances most Christians simply don’t have much of a witness. The lack of sound financial management is having a devastating impact on our Christian testimony. There is no doubt that Satan has successfully diluted our value system and diverted the finances God has given us for his own use. The question is what are we going to do about it? After all we are accountable to God for our stewardship and it’s our Christian responsibility to demonstrate proper financial behavior to those within the body of believers as well as non-Christians.
A flood of credit counseling agencies and other services have saturated the American media. Everywhere we look there is advertising pitching a solution to folks who are frazzled from financial stress. Some of these agencies do offer help while others are just out and out scams preying on people who are willing to grasp onto anything that sounds like a solution to their problem. Some may consider it fortunate that we have these services available but the reality is we have become experts at treating symptoms. We are constantly dealing with financial emergencies yet seldom solving the problems that cause those emergencies in the first place.
posted by zzzzzzzzzzz at
9:24 PM
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