Biblical Finances – My Journey

Finances. One of my favorite things to talk about but it wasn’t always that way. It took learning God’s principles and giving Him control of my money before I enjoyed talking about it. Sometimes I still struggle to give it to God but thankfully, He brings it to my attention quickly so I can repent and give it back to Him.

I struggled and was living paycheck-to-paycheck and barely making ends meet. Due to some great financial decisions as a young college student, I had a little debt and a bad credit score.

My debt included a car loan, credit card debt, and some unpaid bills. It wasn’t a huge amount but it might as well have been 500K in debt. I was struggling to pay rent and even slept on the floor/an air mattress and then a futon for about 8 months because I simply couldn’t afford to buy new furniture.   With a tax refund, I paid off a large chunk of debt, but then I stopped. I didn’t really have any savings and continued living paycheck-to-pay check thinking that there was nothing else I could do.

Fast forward a year, I was promoted and my Mom introduced me to “The Automatic Millionaire” by David Bach. (Side note: I highly recommend this book). It had a story about a normal couple who didn’t look rich but had established an automatic savings account and retired early as millionaires which inspired me. I opened a Roth IRA and began automatically investing and saving. It was small at first – a total of $100 per pay check. It seemed like a large amount but I noticed that I adjusted my spending accordingly and didn’t even notice. This began a love of finance and I began reading a lot and watching finance shows.

I set up my savings and left it alone. I was studying finances but wasn’t doing anything else. In 2014, I stumbled upon this interesting Christian who taught about finances – Dave Ramsey. I watched him on YouTube and began reading his books. God was working in my heart and wouldn’t let me ignore the principles I didn’t like. I felt compelled to follow his teaching, which consist of 7 “Baby Steps”. Dave incorporates biblical principles into his teachings and provides a simple method to apply them. I say simple because the principles are simple but the application is not so easy. Here’s a brief overview of the Baby Steps, which I will be covering in detail in the next few weeks.Dave Ramsey

Photo credit: Pinterest

Recommended Reading:

  • The Automatic Millionaire by David Bach
  • The Millionaire Next Door (and others) by Thomas J. Stanley
  • The Total Money Makeover and Financial Peace (and others) by Dave Ramsey
  • Rich Dad, Poor Dad by Robert T. Kiyosaki
  • One Year to an Organized Financial Life by Regina Leeds

Did you find this useful, interesting, dull? Anyone else a Dave Ramsey fan? Let me know if you have any questions or suggestions.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s