Women and Men So Different About Money

This is not my attempt at male-bashing, but it is my effort to point out how different women and men view money.  Women see it as security to establish a foundation and build a future.  We typically risk less, and stay the course more often.  We fear running out of money, and having to be dependent on our children.  Men feel more comfortable with risk, and for the most part believe that they can make more money in the event of change of circumstances.

Fewer than 2 in 10 women feel “very prepared” to make wise financial decisions.  Half indicate that they “need some help,” and one-third feel that they “need a lot of help.” (Financial Experience & Behaviors Among Women 2010-2011 Prudential Research Study).

Ladies, let’s not shy away from the conversation.  Now is the time to face the money woes; ask the money questions and get a plan in place to tell your money what to do.  Let’s get your money in alignment with God’s great financial plan by taking these four steps:

1. Start tithing immediately

2. Pray over your finances regularly and ask God for wisdom in how to handle them

3. Build a budget and spend less than you bring in

4. Be a person of character and integrity and keep your word (if you owe someone and haven’t repaid them, work out a game plan to pay them back – if you can’t do it in full then make payments that you can manage, but be in communication).

You can do this.  You just have to learn how to say “No”.  Say “no” to impulse purchases, therapeutic shopping, and guilt actions of giving money to others while seeking their approval.

Start SOWING your financial seed, rather than EATING it.

Let’s Make A Debt Free Holiday Deal… Only 18 days left until Christmas!

Don’t act all surprised!  You knew it was coming.  It comes on the same day on the calendar every year.  And every year you act like it just popped up out of nowhere 🙂  It didn’t, but it just feels that way.

So lets make a deal to have a debt free and stress free Christmas.  Money worries so many times can suck the joy right out of the holiday if you allow it to.  Why? Because you feel obligated to purchase gifts for others?  You feel committed to buying your kids the latest high tech expensive items just because they asked for them?  You feel that giving of your time and yourself is not enough to celebrate the holidays?  Well let’s get it straight now and every year going forward.

Christmas is not about crowded shopping malls and mountains of gift wrapped surprises.  Christmas is about Christ and His love for us.  It’s His birthday and the most important gift given on this day should be gratitude and thanks and praise to Him for the sacrifice of His life for us.

Give love.  Give peace.  Give hugs.  Give kindness.  Give forgiveness.  Give thanks.

Commit to a stress free, love filled holiday.  Give only gifts that you can afford.  No more debt.

Isaiah 9:6 For to us a child is born, to us a son is given; and the government shall be upon his shoulder, and his name shall be called Wonderful Counselor, Mighty God, Everlasting Father, Prince of Peace.

Currency implies flow

Another word for money is currency.  Currency implies flow.  Your money has to flow like a river where there is a constant source of inflow and a constant source of outflow.  If your money experiences only an influx and no positive output (i.e. places to bless others, planting of financial seeds and gifting in the lives of others) then your financial situation becomes like a stinking, stagnant swamp.  What used to be green and vibrant, becomes infested and putrid.  If you fail to bless others, then there is no beauty in creating new life and new possibilities in the lives of others.  Your financial blessings are designed to be a blessing not just for you but for those fortunate enough to be connected to you.  You are blessed to be a blessing.

Focus on getting in the flow of currency.  If God can get money through you – He will certainly get money to you.

But if you only see purpose in getting all you can, and canning all you get – then who else would be blessed by that?

Malachi 3:10 shows that the blessing of the Lord should be demonstrated in overflow

 

Take One Small Step Today

They say that the definition of insanity is doing the same thing over and over again and expecting a different outcome.  You know there’s truth to it, and you and your friends can look back and laugh when you make the same choices and act surprised when you fail to get better results.  Ladies, have you looked back in your past and realized that you somehow managed to date the same “loser” type guy that was no good for you, but you just didn’t get it until some one pointed out what your last three ex boyfriends all had in common?

Ok, so lets break the pattern with our money and do something different today.  Let’s take one new step towards improving our financial life.  Take action and do something that you have been putting off until things got better, or you came across some “extra cash”.  What’s it going to be?  Here are a few ideas to start the ball rolling…

– Start automatic deductions to invest in your retirement plan through work

– Increase the amount that you are already contributing to your retirement plan at work

– Call and schedule an appointment to meet with a financial advisor or planner to review your situation

– Set up an automatic savings plan and divert 5% of your pay to a savings account to build your rainy day fund

– Cut up your credit cards

– Write out your budget for the coming month

Pick one of the above, or one of your own – and just do it!  Take action towards building your financial fortress.  Tomorrow can only get better if you stop and make improved choices and take action today.

Prosper!

 

Put some action to the plan! Raise ’em up!

The month of January is winding down already.  It’s time to make sure you are putting some shoe leather on your monetary plans for 2014.  Get on the computer and increase the percentage that you are saving in your company retirement plan.  Retirement age will get here faster than you realize, and cost of living expenses only go up.  Get yourself ready.  Raise your long term savings and investments.

A customized plan is best, and the success certainly depends on the amount of time you have for the money to be working for you, your current investment balance and the average returns of those investments.  A good general rule of thumb though is a goal of saving 10% long term gives you a shot at maintaining your lifestyle in retirement.  Saving less than 10% and you will likely be dependent on family or government programs to provide support.  Savings of 15-20% would give you a better opportunity to have more disposable income available for more than just getting by in retirement.

So how much did you save in 2013 towards your long term savings?  And now give yourself a push to increase that amount in 2014.  Increase it as much as is realistic and maintainable.  Look at it quarterly to see if you have room to sock away more.  One step at a time is all it takes to make progress. Raise ’em up!

Contentment

“Contentment, contrary to popular opinion is not being satisfied where you are. It is knowing God’s plan for your life, having the conviction to live it, and believing that God’s peace is greater than the world’s problems.”
– Larry Burkett

Do you have it? Are you living in a place of contentment? Or have you stopped dreaming of and working on a better tomorrow? Be honest with yourself.