MEN'S 28 DAYS TO LOVING MY WIFE CHALLENGE DAY 20 - FINANCES # 6

DON'T BE A FOOL IN YOUR OWN EYES

Theme Verse: Ephesians 5:29
For no man ever yet hated his own flesh; but nourisheth and cherisheth it, even as the Lord the church:

Even if your wife is the financial manger, you SHOULD take the responsibility of the finances or at least know about it!

It was nice meeting with you last night!
You should be ready today to keep track of your pennies by ensuring that you record everything that you spend or income received so you can be ready to maximize on your goals and pay off your debts!

Proverbs 12:15 King James Version (KJV)
The way of a fool is right in his own eyes: but he that hearkeneth unto counsel is wise.

Financial Advice is costly, and the wise listens to good advice! 

TODAY'S ACTIVITY- LEARN TO BE S.M.A.R.T.

The acronym means Spend Money At Right Time

Have you been spending money on the whims/impulse?
Do you hold a large some of money when you go out with your friends or shopping?
Do you pay just the minimum payment on your credit card or mortgage?
Do you do groceries without a list?
Do you know when your bills are paid?
Do you save or have a saving plan?
Are your bills more than your income?

Today, you will be S.M.A.R.T. 

Plan your expenses, and do not spend what's not budget
When going out take with you the minimum that you have budgeted for, and you don't have to spend it
Always pay a little more on your credit card than the minimum payment. Try to budget for the finance charges and an amount that you want to decrease the balance. For your mortgage you will pay the payment required and a little extra to the principal
Make a list when going grocery shopping, mall or event
Get a calendar and record on the date due the bill and the amount
Budget an amount for saving every month-include vacation, future purchase and or retirement. Also recommend that you begin a saving for 3-6 months of your regular bills/emergencies
Do your daily diary-Take a look at where you spend your money. It may not be the income is too small, but it may be your spending habits needs to be controlled. If your income is lower than your expenses begin a plan to eliminate your debts and watch your expenses.

Struggling with savings? 

I have attached a 52 weeks savings challenge plan for you to begin a savings habit. You can put in the amount to meet this month's balance or you can begin this week as your first week. 

HAVE A PLAN FOR THE SAVINGS - USE IT WISELY!

Caution: USE ONLY FUNDS THAT ARE BUDGET FOR
Have a reserve so you don't have to borrow money for emergencies. Go back and do days 1-5 so you can be prepared for March's budget.

Remember, MARRIAGE IS A TEAM EFFORT-COMMON PURPOSE!

Don't be discouraged if she doesn't receive it at first or perhaps question your motive. Just do it- Get it Together First!
Watch God in the next 28 days!

Please leave your comments, and help another brother by sharing this post!

#28daystolovingmywife
Taking the risk-training to enhance your marriage and give the next generation a change to emulate.

God Bless and Keep the Faith! 

Virtuous Jewel