Proverbs 24:3-4

By wisdom a house is built, and through understanding it is established; through knowledge its rooms are filled with rare and beautiful treasures. Proverbs 24:3-4

Monday, January 24, 2011

Do you know the state of your "flocks and herds" (finances)?

Several years ago, I was reading Proverbs and the one Bible verse that began my quest to find how money works was Proverbs 27:23-24.  "Be thou diligent to know the state of thy flocks, and look well to thy herds.  For riches are not for ever: and doth the crown endure to every generation?" It is very important to understand your financial picture.  You will either control money or it will control you.

Do you know how much you actually owe on each credit card or account?  Most people are only aware of how much their monthly payment is and do not know the unpaid balance.  Also, pay attention to what percentage they are adding every month to your unpaid balance.  When you are "in the know" and have the right information, it will spur you on to pay off that debt as quickly as possible.

No comments:

Post a Comment