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

MEN'S 28 DAYS TO LOVING MY WIFE CHALLENGE DAY 19 - FINANCES # 5

FINANCIAL SESSION TONIGHT 

JOIN US TONIGHT FOR OUR WEEKLY LIVE CONFERENCE SESSION AT 8:00 PM LOCAL VI TIME / 7:00/6:00 PM US MAINLAND.
Complete all your forms for sessions 1-4 CALL 1-470-888-9447

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!

Have you completed your budget? If not, do so quickly so you can get the full understanding on how to manage your finances in tonight's session.

Where did my money go? BUDGET! BUDGET! BUDGET!!!

TODAY'S ACTIVITY- ACCOUNT FOR EVERY PENNY

Wife: Honey, what did you do with the money?
Husband: I don't know?!
Me: Why don't they know?
Most men do not account for every penny they spend-as they purchase things as they need them or as the urge arises without checking the budget or account.

Today, you will prepare to give an account for every penny you spend. You will use the attached 30 Day Diary Sheet provided as your guide. Practice for the next 10 days and then you will start a fresh one for March to prepare your April budget.

You will record EVERYTHING daily - EVERY income receive and EVERY penny you spend. 

Here's an example:
You stopped at the gas station for gas and spend $30 and you bought a drink $2, the newspaper $1 and give a homeless person $5, you will enter in today's date the 19 under the transportation column $30, food $2, Miscellaneous $1, Tithe/Giving $5. This will help you track where your money goes daily. 

(If you would like you can have your spouse do one and then you combine them into one or she holds the main one and you bring home the receipts so you can have it completed at the end of the day)

Do whichever works best- Just keep a count, you will appreciate it at the end when you tally it all up and see where you have been wasting money and where you could save to be at your appropriate life stage!

Please note that you can cross out any column that does not apply and insert something else that is not included.

Caution: COME CLEAN-You must account for EVERY PENNY!
NOTHING IS INSIGNIFICANT everything must be recorded, a mint, bottle water EVERYTHING including your side monies and gambling or vices!

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!

Facebook #28daystolovingmywife 

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

God Bless you and Keep the Faith! 

Virtuous Jewel 

  

  

MEN'S 28 DAYS TO LOVING MY WIFE CHALLENGE DAY 18 - FINANCES # 4

FINANCIAL MANAGEMENT GUIDE 

Hope you are enjoying the FREE Financial Management Sessions this week. I encourage you to..... PLEASE DO THE ACTIVITIES!!!!

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- at least know about it!

Now that you have prepared your Monthly Income and Expenses form, it's time to do your budget. You will prepare it with the figures you have included for March 1st and then you will keep a track for March for an actual budget in April.

Your budget is your compass to guide you into Financial Management. 

As the man/husband you must be knowledgeable and engaged in your budget.  Your information on your income and expenses will be needed to complete 

TODAY'S ACTIVITY- THE BUDGET

For your activity today you will prepare your family's budget for April. (Remember, if your wife is the financial manager, let her do it with you)

SEE BUDGET WORKSHEET ATTACHED
Your figures will come from your Monthly Income and Expenses Form.

There are three columns - Budgeted - Actual - Difference
Total all the income and expenses in each category and record the amount under the budgeted column of your budget worksheet. Complete the entire Budgeted section.

You will get the instruction for the Actual and Difference section in tomorrow's challenge!

You can group some of the expenses in similar category.

Caution: Give the FULL details. Don't try to match your expenses with your income.  Tell the truth in Me, Myself & I, and if you have any vice or secret income or expense!  

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

MEN'S 28 DAYS TO LOVING MY WIFE CHALLENGE DAY 17 - FINANCES # 3

FINANCIAL MANAGEMENT - PREPARATION

WE APOLOGIZE FOR THE DELAY DUE TO SYSTEM ISSUES!
We will give you some time today for this one and post today a little later!

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- at least know about it!

Trust that you are now more aware of your financial status and know your net worth!

Moving on to financial management you must prepare and know your income and expenses. You may want to go to Finances 1 & 2 to do this session.

TODAY'S ACTIVITY- GETTING IT TOGETHER

Your activity today will cause you to compare your monthly income with your expenses to be able to manage your finances.
(You may use the attached form from Crown Management for your reference.)

List your gross income less your mandatory deductible (do not include debts). Next you will enter your monthly expenses.  If you have expenses that you pay annually divide them by 12 and list it.  If you have a debt that is not listed, place it in other. 

INCLUDE EVERYTHING, then deduct your monthly expenses from your spendable income!

Caution: Don't cushion or shortchange your income/expenses- So you could get a true picture! Don't hide behind the numbers!

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!

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

PLEASE LET US KNOW

THANK YOU!!!

It's good to see so many different nations and countries viewing our posts! You encourage us!

Please comment and let us know how our ministry has been blessing you on any one of our posts.

If you have a prayer request please let us know how we can pray for you- You can join us on Wednesday nights at 8:00 PM local VI time 8:00/7:00 US- Call 1-470-888-9447

You may also view us on Facebook, TWIGS Ministry, or write to us at twigsministry@gmail.com 

GOD BLESS YOU!!! 

Shalom, 

Bishop Melvin and Pastor Julie Rhymer  

MEN'S 28 DAYS TO LOVING MY WIFE CHALLENGE DAY 16 - FINANCES # 2

IT'S IMPORTANT TO KNOW 

Most men today, do not know the financial affairs of their homes.  

If something happens to you today is everything in order? 

Does your wife know your financial obligations? 

It's important to know-Don't let her or you be surprised!

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- at least know about it!

Yesterday...
Did you identify your life-stage?
Are you where you should be?
Did you take time to write out your goals?

If you did, let's go to Phase 2
What are your Assets? What you owned
What are your Liabilities? What you owe
Do you know your Net Worth? (the difference between what you own and what you owe)

TODAY'S ACTIVITY- KNOW YOUR FINANCIAL STATUS

You can't achieve your goals if you don't sit down and know your status to achieve your goals.

Luke 14:28 (KJV)
For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it?

Many people have no clue of their value of what they own, outstanding debts or when they are expected to pay off their debts. These are very important to be financial stable and eventual become debt free!

Today, our men will take on two exercises of knowing their financial status and overall net worth. (if you are unable to do it by yourself, you may want to get you spouse/children.. in on this)

In your notebook with a header LIST OF DEBTS Date: ______
Assignment # 1
Do 5 Columns with the following:
Creditor - Who you owe, banks/financial company (not utilities)
Balance Owed (Payoff amount)
Payments
Date Due
Interest Rate
Maturity (When it should be paid off)

Assignment #2 Financial Statement
Using the as a guide make a list under ever headline:
ASSETS:
Liquid Assets $ (Savings/Checking cash on hand)

Invested Assets $ C/D, IRAs, 401(K)s, Investment, Real Estate...

Use Assets $ Residence, Auto, Personal property

TOTAL ASSETS $ (Total all of the above assets)

LIABILITIES:
List all the balances of your debts
Mortgage, Auto Loan, Credit Card, School Loans, Personal Loans and other debts (not utilities/phone/household expenses)

TOTAL LIABILITIES $

NET WORTH $ (Assets-Liabilities)
Your net worth will give you a picture of where you are financially in terms of your goals. 

If you don't know the value of your assets, check the blue book value on line for your vehicles, check your appraisals, ask realtor or make a fair market value.
If you don't know the balance of your debts, go on line or call your creditor.

DO NOT PROCRASTINATE on this assignment. This is a very important factor to the rest of this week's assignment.

Caution: BE HONEST-Don't overvalue your assets (state the market value not your sentimental value), and list ALL your debts so you can have a true net worth!

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!

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

God Bless you and Keep the Faith!

Virtuous Jewel 

MEN'S 28 DAYS TO LOVING MY WIFE CHALLENGE DAY 15 - FINANCES # 1

LIFE STAGES 

As human beings we experience different cycles, seasons and life stages.  This is for every area in our lives including finances.  To build on our theme verse, to nourish and cherish your wife, you must be financially stable.

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:

The area of finance is an area that causes much strain on the relationship. It is an area that must be guarded and taken seriously. How you spend your money and lifestyle preferences are very important to the relationship.

To begin week's 3 challenge, please answer the following:
What are your financial goals for yourself, spouse, children, business, retirement, funeral...?
Do you have savings and investment goals?
Do you have plans to make large purchases? (home/business...)

BIG QUESTION -HOW ARE YOU PLANNING TO GET THERE?

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

TODAY'S ACTIVITY- IDENTIFY YOUR POSITION

What is your life stage?
The chart below used by financial institutions helps you to determine where you should be for your age group.

Life Stages Age Group
Starters Under 25 - Just starting out in life
Builders 25-34 - Building credit/savings...
Establishers 35-44 - Well settled/established
Accumulators 45-54 - Accumulated what you need
Preservers 55+ - Enjoying your wealth/life
(More details will be provided in our weekly life session)

Sadly, many are out of their age group. At the establishers stage most young men are just getting serious about having an account so they can buy a car when they should have been settled. At 55+ some are getting their first mortgage for 30 years. This means they will be 85 when they are finished paying for it. No use crying over spilled milk.

IT'S NEVER TO LATE TO START!!!! 

This week will be a great opportunity for you to hear from an expert who has had 30+ years in banking and finance-who is taking the risk to assist you in how to handle the crisis! God also want to be involved in your plan so he can bring your to that desired end. 

Jeremiah 29:11 (KJV)
For I know the thoughts that I think toward you, saith the Lord, thoughts of peace, and not of evil, to give you an expected end.

Get yourself a notebook, pen/pencil and a calculator so you can do this week's session.
I will be attaching some forms and you will need to write and get engaged.

Today, you will identify your life stage position and write out your financial goals for every area of your life. Write the vision, make it plain so you everyone can see and follow. Habakkuk 2:2

Let's get educated and help our children to guard their future and help you! Invite your wife and family along if you are married, if you are not invite your girlfriend, fiance, parents.....

Caution: Don't risk your financial future by not having a goal or identifying your life-stage. If you don't have a destination in mind, you're going nowhere!

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 Close up!
Watch God in the next 28 days!

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

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

God Bless you and Keep the Faith! 

Virtuous Jewel