About Our Cover ...
One of the vital keys to personal financial success is
saving money. Every family budget should provide for TWO kinds of
savings. The amount may be small at first, but the habit of
saving needs to be developed. This lesson explains these two
categories of savings, as well as other keys showing how you,
too, may prosper according to God's will.
KEYS TO FINANCIAL SUCCESS
God wants us to PROSPER and really ENJOY life. But what
about you? Are you financially secure, enjoying an abundant life?
This lesson shows what is HOLDING some people back from TRUE
FINANCIAL SUCCESS!
MOST men who have "risen from the ranks" and become
financial successes, will tell you frankly that it is IMPOSSIBLE
to "succeed" and still be an honest Christian.
A recent survey found that only a very few powerful
executives, corporation presidents, successful politicians, etc.,
thought it possible to "get ahead" in this society without
"knifing the boss in the back," or "stepping on people." Those
interviewed freely admitted that THEY did not get where they are
legitimately!
Only one man who was interviewed thought that you could gain
real success in life honestly. But he admitted that he was
probably a little "na‹ve" for thinking so.
Can a Christian Prosper?
Somehow -- in many people's minds -- the idea of
CHRISTIANITY has become synonymous with POVERTY. "What coin is
the most religious?" asks the riddle. "Why the PENNY, of course,"
is the answer. "Because it's the most often IN CHURCH!"
Because poor people often ACT more "religious," and because
the rich and the wealthy are commonly irreligious, many have
somehow ASSUMED that poverty MUST BE the outcome of living God's
way, and that prosperity and the "good life" are a result of
living in "sin."
Even among many "religious" people, the common idea is that
an abundant, joyful, prosperous life is a part of that "forbidden
fruit" which is supposed by many to be the sweetest and most
desirable of all, but which a harsh and unfair God forbids us to
enjoy and calls SIN. They seem to believe that material
prosperity itself is "sinful," and often display a certain air of
"spiritual superiority" in discussing the mistakes and sins of
their wealthy neighbors.
"We're just poor humble folks," they'll PROUDLY tell you --
little realizing that this is an entirely FALSE concept of true
humility!
How mixed up and utterly DECEIVED this world has become!
God's Will
God does not intend His people to be poverty-stricken,
dressed in rags, living in penury. Jesus Christ Himself said, "I
am come that they might have life, and that they might have it
MORE ABUNDANTLY" (John 10:10).
"I WISH ABOVE ALL THINGS," says God through the Apostle
John, "that thou mayest PROSPER and be in HEALTH" (III John 2).
It is God's desire that we have happy, healthy, prosperous,
ABUNDANT lives!
But in order to have this kind of life, you must practice
God's laws. You must keep His commandments which BRING true
success, plenty, and overflowing abundance. Yet many of you have
OVERLOOKED some of the vital principles which lead to true
prosperity.
Let's open our Bibles to learn what GOD has to say about
financial success. Let God show you in the pages of His Word HOW
it IS POSSIBLE for an honest Christian to be a financial success
-- to actually INCREASE his income more than he ever dreamed
possible!
LESSON 55
God Intended Man to WORK!
1. When God Almighty put Adam and Eve in the Garden of Eden,
what did He command Adam to do? Gen. 2:15.
COMMENT: Immediately at creation man was given a JOB to do.
But today many want to lie down on the job. They want more pay,
less work -- more holidays and fringe benefits and less hours on
the job.
2. Does the commandment to rest on the Sabbath have another
side? Ex. 20:9.
COMMENT: Though many have never realized it, the Fourth
Commandment also COMMANDS: "Six days SHALT thou LABOR, and DO ALL
THY WORK." That part of the command is just as important as the
part requiring man to rest on the day God made holy.
This command dates back to the very creation. It was given
to keep mankind in a right relationship with his Creator -- a
Creator who WORKS -- who created and now SUSTAINS His creation.
God intends us to become like Him. By LABORING, working,
building, we learn to become creators too!
The spirit or intent of this law shows that a man is
normally expected to keep busily engaged in gainful work during
the first six days of the week. God PRODUCED His wealth -- His
creation -- through labor during the first six days of the week.
We are to do likewise.
3. Was Jesus Christ sent to this earth to WORK? John 9:4.
Did He reveal that the Father was still busily engaged in His
job? John 5:17. God is on the job 24 hours a day!
4. How zealously should we do our work? Eccl. 9:10.
COMMENT: GOD works with zeal. The zeal of God is an
essential part of His character, as a concordance will quickly
show. We are to be LIKE God, putting the utmost of our strength
and abilities into WHATEVER we set our hands to do!
Hard Work One Evidence of a True Christian
1. Did the Apostle Paul, under the inspiration of God,
FORBID Christians to be slothful? Rom. 12:11. Did he point out
that working is the way to avoid poverty? I Thes. 4:11-12.
2. Did he command manual labor for the person who had never
learned an HONEST trade or profession? Eph. 4:28.
3. How did Paul deal with lazy, shiftless idlers? II Thes.
3:10. It is easy to see that it is not God's will to give
handouts to lazy dropouts or other ABLE-BODIED persons who WON'T
work! Did Paul "command" all such to work? Verses 11-12.
COMMENT: Even in the days of the apostles, "spongers,"
"shirkers" or "chiselers" were beginning to take advantage of
some of the brethren in God's Church. These parasites were
loafing -- not working and providing for their own households as
they should.
4. What did God inspire the Apostle Paul to say about any
such PROFESSING Christian who would not work? I Tim. 5:8.
COMMENT: A member of God's Church ought to be a diligent,
hard worker. Hard work is one of the evidences of a true
Christian!
Many, even in the world, recognize these New Testament
principles. Many see clearly that one who does not PRODUCE any
wealth for society should not have any himself.
For example, Henry Ford, noted car manufacturer and
industrialist, says in the introduction to his book, "My Life and
Work":
"There is no reason why a man who is willing to work should
not be able to work and to receive the full value of his work.
There is equally no reason why a man who can but will not work
should not receive the full value of his services to the
community ... If he contributes NOTHING he should take nothing
away. HE (the sluggard) SHOULD HAVE THE FREEDOM OF STARVATION."
Mr. Ford had no patience with people able, but unwilling to
work. He paid the highest wages in the auto industry, but would
not tolerate indolence!
Why Some Are Prosperous and Some Are Poor
1. Will diligent effort prove its worth? Prov. 10:4-5; 13:4.
Will the hard worker have plenty of bread? Prov. 20:13; 28:19.
COMMENT: People need not be poor -- if they are willing to
work. Even many handicapped persons have been trained for gainful
employment.
2. Are lazy, shiftless ne'er-do-wells, who REFUSE TO WORK,
forever WISHING they had more material things -- a new home, a
new car, new clothes, money in the bank -- always ending up
empty-handed? Prov. 13:4; 21:25-26.
COMMENT: The lazy man or woman has a huge wishbone, but no
backbone! Not even charity can help.
Unless material assistance is given for the purpose of
helping a man to HELP HIMSELF, it only turns out to be
destructive -- to society and to the person himself.
God does not cause money to grow on trees in anyone's
backyard. But he has promised to prosper those who WORK and are
obedient to Him.
3. Does a lazy person look for all kinds of dangers to
justify his lack of effort? Prov. 22:13; 26:13-15. Does he always
have a thousand excuses or hard-luck stories about why he is
unemployed -- why he shouldn't work? Prov. 26:16. And is this
attitude a primary cause of his poverty? Prov. 6:10-11.
4. Does the habit of laziness tend to become addictive?
Prov. 19:15.
COMMENT: Many people use the slightest little excuse to flop
down on the bed or couch -- they cannot distinguish between true
tiredness and just plain laziness.
If you are such a person, don't just sit back in your chair
and agree with this lesson -- resolve to TAKE ACTION to correct
this serious flaw in your character!
A spiritual principle that we all need to follow is one that
Mr. Herbert W. Armstrong has followed, and that has motivated the
Work of the Philadelphia Era of God's Church: "Realize that the
end result of your part in God's Work depends on God and the
power of His Spirit working through you, but WORK as though it
all depended ON You!" That is a sure principle for success.
"The laborer is worthy of his hire," says Jesus Christ (Luke
10:7). But He does not say the man who just sits around doing
nothing should have anything.
5. Does it take effort, and sometimes even physical
discomfort, to avoid being lazy? Prov. 20:4.
COMMENT: Here is an example of the principle involved:
Some people have to really struggle to GET THEMSELVES OUT OF
BED in the morning! Does the following ever happen to you? Before
going to bed, you set the alarm to get up early. But when morning
comes and the alarm goes off, you shut it off, turn over and go
back to sleep. This is what a "sluggard" would do!
DON'T let that habit GET STARTED.
Allow yourself sufficient time for the sleep you really
need. Don't set that alarm unrealistically, KNOWING YOU won't get
up. Be realistic about it.
But if you already have that habit, resolve to break it one
way or another. Hire somebody, if necessary, to SHAKE YOU out of
bed. Or get an electric clock that CAN'T RUN DOWN, and hide it or
wrap it up so well that by the time you can get it turned off,
you ARE wide awake, ready to go! Where there's a will, there's a
way.
6. How does the yard, or the farm, or the house of the
indolent person usually reveal what kind of a worker he or she
really is? Eccl. 10:18 and Prov. 24:30-34.
COMMENT: Take a look around your property. Does YOUR home
and yard give you away? "A little sleep, a little slumber" may
mean YOUR POVERTY IS ON ITS WAY!
God wants us to take care of what we have: "Be thou diligent
to know the state of thy flocks, and look well to thy herds (or
whatever possessions you may have). For riches are not forever
How to Get and Hold a GOOD Job
1. Is there profit in ALL labor? And nothing but penury in
talk? Prov. 14:23.
COMMENT: If you happen to be UNEMPLOYED, you can start
profiting from this principle right now. How? By making a "job"
out of getting a job!
Don't be a LAZY job hunter.
Get up EARLY in the morning -- consistently -- and start out
either arranging interviews, or pounding the pavement EARLY every
morning, and DON'T QUIT until you've put in a full day's work
looking for work! Either plan to eat in a restaurant on the way,
or take a sack lunch along with you so you can KEEP AT IT
throughout the entire eight or nine-hour "work day."
DON'T WASTE TIME! Don't sit and brood at home and feel sorry
for yourself! Get out and HUSTLE!
And THINK!
Remember that if you are seeking a higher type of
employment, you may need to make telephone calls for this
purpose. You can make fifteen or twenty telephone calls for every
personal visit to different business establishments. KEEP AT IT.
DON'T GIVE UP!
When you approach a prospective employer, be sure to put
your best foot forward. Realize that this man should be a FRIEND
of yours and that you may share many happy hours in association
with him and others in his organization in the future. So have a
genuine SMILE on your face. Dress appropriately for the
particular type of employment you are seeking -- and dress
neatly. Don't look dowdy, run-down or indifferent. Show real ZEAL
in wanting to get the job. Let him know you are ready to WORK
HARD!
2. Does the parable of the "talents" show, IN PRINCIPLE,
that a person should try to use ALL OF HIS ABILITIES? Matt.
25:14-27. Notice especially verse 27.
COMMENT: Following through on this principle would mean that
your job should be one which fits your abilities -- one in which
you can profitably use many of your talents. Temporary or
part-time jobs are at best an emergency or stop-gap measure
because they seldom, if ever, give opportunity for the full use
of your abilities.
Whether you are now employed or unemployed, you may need to
put yourself through a course of self-analysis to find where you
really belong. Read in Mr. Armstrong's Autobiography how he did
this at age sixteen to make sure he was getting into the field in
which he could best use his abilities.
If you are uncertain in your own analysis, check into the
vocational guidance tests available from many colleges,
universities and private agencies.
But ON YOUR OWN, think slowly and carefully over your entire
life and write down a list of activities in which you have
excelled in school, in handicraft activities, in hobbies and all
other extra-curricular activities. Be sure to note any
specialized vocational training you may have received in school,
in the armed forces, or in any other way.
Also make a list of the various jobs you have actually held,
and note the ones in which you have excelled or were particularly
interested. Make a similar list of your main interests in life --
what you like to do best in both work and in recreation. Remember
that you usually enjoy the most the activities in which you
excel.
As you make AND STUDY these various lists, you will probably
begin to see a pattern. You will begin to see the type of job in
which you CAN employ your talents and in which you can excel, and
also the type of job in which you would simply be a miserable,
unhappy "square peg in a round hole."
You may recall that your strongest subject in school was
something which none of your previous jobs "happened" to use. In
that case, depending on your age, your present financial
condition and the number of dependents you have, perhaps you
should begin taking full or part-time training in a college,
reputable correspondence course or technical school, to prepare
to use that natural ability.
At any rate, choose a field in which you can do your best --
according to your talents -- and become a definite SUCCESS!
3. If you are thinking of changing jobs (or making ANY major
financial move), what should you do first? Prov. 12:15; 20:18.
COMMENT: Don't be ashamed to ask for advice and help. As
long as you earnestly intend to be a credit to yourself, your
loved ones and your employer, you have nothing to lose and
everything to gain by talking and counselling with all of them.
This may save you countless hours of looking, weeks of fruitless
interviews with employment and personnel directors -- as well as
spare you the danger of making a MAJOR MISTAKE.
Especially seek advice from some sympathetic friend or
relative already experienced in the field of employment you
contemplate entering.
4. Is it safe to seek counsel from only one person? Prov.
11:14; 15:22.
5. Does it often take effort -- and a measure of wisdom --
to get good advice? Prov. 20:5. Does it pay to take the advice of
the man who will flatter you? Prov. 26:28.
COMMENT: Do not choose your advisors because they talk the
loudest or use the most flowery phrases. Find the man who has
plain "common sense."
Listen to advice. Weigh it. But don't act hastily on it. It
could be wrong. It might not apply to your case. But above all,
do not take your own judgment for granted or be conceited because
of your past experience.
Seeking advice is an important part of almost every facet of
your life. So don't hesitate to ask -- even if you fear your
questions might sound stupid!
Recipe for Success
Once you have a job, you are ready to put into action
further practical instruction which abounds in the New Testament.
1. What did Paul instruct regarding SERVING your employer --
your boss, foreman or supervisor? Col. 3:22-23 and Titus 2:9.
COMMENT: Be cooperative and zealous on the job. Be alert to
please your foreman or boss. Do the job HIS WAY. Show your
willingness to GO BEYOND what is required. Work extra hours if
necessary to complete a job on schedule.
Remember that good personal relations on the job is one of
the best forms of employment insurance.
A news dispatch revealed this startling finding of a
business psychology expert: "NINE OUT OF TEN workers who will be
fired this year will lose their jobs because they can't adjust to
the job situation and to the personality traits of bosses or
fellow workers. Only ten percent will be fired because they can't
do the tasks required by the job."
Don't be a flatterer or a hypocrite in any sense, but try to
show LOVE and CONCERN and co-OPERATION toward your employer, your
foreman and your fellow employees in every way possible. This is
far more IMPORTANT than you might realize!
2. Can one expect to be paid a good salary if he is not
worth it? See the principle in Matt. 7:2 and Mark 4:24.
COMMENT: The way to receive a greater reward is to be WORTH
more. So make yourself a valuable employee.
Don't just plod along in your job -- with a ho-hum, humdrum,
every-day-the-same-routine attitude -- be a FIREBALL, a
GO-GETTER! GROW, PRODUCE! Apply yourself and PROVE TO your
employer that you earnestly desire to do more, to have more
responsibility, and that you have the capacity and the will to
work!
Reread Mr. Armstrong's "Autobiography" -- and follow his
example. Do your part and God WILL bless you! (Read Col.
3:22-25.)
Badly Needed Initiative
1. What is a sluggard like to those who hire him? Prov.
10:26.
COMMENT: He simply doesn't get the job done. Therefore he
isn't paid much, if he can hold a job at all.
Here is a comment about initiative from Elbert Hubbard,
renowned American philosopher:
"The world bestows its big prizes, both in money and in
honors, for one thing -- that is INITIATIVE. What is initiative?
I'll tell you. It is doing the right thing without being told.
"But next to doing the right thing without being told is to
do it when you are told once ...
"Next, there are those who never do a thing until they are
told twice: such get no honors and small pay.
"Next, there are those who do the right thing only when
necessity kicks them from behind, and these get indifference
instead of honors and a pittance for pay. This kind spends most
of its time polishing a bench with a hard-luck story.
"Then, still lower down in the scale than this, we find the
fellow who will not do the right things even when someone goes
along to show him how, and stays to see that he does it: he is
always out of a job, and receives the contempt he deserves ... To
which class do you belong?" ("Initiative" by Elbert Hubbard.)
2. To whom is the sluggard commanded to go to study and
learn about the initiative he lacks? Prov. 6:6-9.
COMMENT: Most people have never really understood the main
point of this passage. Certainly it inculcates diligence. But
notice verse 7. The ant not only works, but does so with "no
leader, no foreman or chief" (Moffatt translation).
Ants and locusts (Prov. 30:27) have a built-in, programmed
ability to work together instinctively. Mankind, with the
God-given ability to think and reason, should not only be able to
do as well, but infinitely BETTER than these lower forms of life.
A human should not have to be constantly supervised to do
productive work. God is not supervised, and we are to be like
Him.
3. Notice further in Proverbs 12:24. Who will become the
supervisors directing the rest of the workers? The "diligent"!
And what will be the lot of the slothful?
COMMENT: "The slothful (Hebrew: "the frauds", those only
pretending to be putting forth effort) shall be UNDER TRIBUTE."
This is why many times the poor get poorer, and the rich get
richer. Those who must be supervised constantly will be paid
little -- the amount depending upon the degree of supervision
required.
Take Elbert Hubbard's advice. Do your job without being
told. Or do it immediately when told HOW. Get it right the first
time!
Be the kind of man who increases his superior's production
-- and that of all his fellow workers. When the time comes for
raises and promotions, this is the man who will be remembered.
4. Will the man who is a SELF-STARTER -- the man who really
applies himself on his job -- find himself in the company of
important men? Prov. 22:29.
5. Was Joseph an industrious young man who was given greater
responsibility? Genesis 39:2-6, 22-23; 41:40-44.
COMMENT: It is through the enterprise, hard work,
application and ability of a few that a large proportion of the
poorer people are provided jobs. Think what would have happened
to those who have lacked the initiative and drive to create their
own jobs if a few leaders had not taken life seriously when they
were young, and spent their spare time in study and
self-improvement while the majority were out seeking pleasure and
a good time!
Yes, they paid a price for success and are still paying it
-- sacrifice, discouragement, facing and conquering seemingly
impossible obstacles along the way to the top; and now the
concern and responsibility of directing the enterprise and
meeting the payroll. But they are the ones who receive the
greater rewards!
Are you willing to put forth the effort to be such a leader?
This is the SAME KIND OF EFFORT your spiritual salvation
requires!
Continue Your Education
Verses extolling wisdom, knowledge and understanding
literally fill the book of Proverbs. Notice a few more principles
that must be applied by those who would become true successes.
1. How was God able to plan and create the universe? Prov.
3:19-20. Likewise, can mankind build and produce wealth only
through knowledge -- education? Prov. 24:3-4.
COMMENT: Before the masses of India, Communist China,
Africa, Latin America and other depressed areas of the world can
ever be lifted out of the iron grip of ignorance, superstition
and resultant destitution, they MUST FIRST BE EDUCATED!
And for you, too, additional education may be just as
important for advancement in your job, or even just to hold on to
your job in this ever-changing, technological world.
2. Is the man who refuses to grow on the job ever going to
succeed? Prov. 13:18. Do kings -- and employers -- favor "wise"
assistants? Prov. 14:35.
COMMENT: Don't quit preparing once you are hired. GROW. Keep
studying, developing in skills, abilities and a deeper
understanding of the problems in your line of work.
THINK AHEAD. Anticipate NEW TRENDS within your field.
Subscribe to a trade journal or professional magazine to keep
abreast of current developments. Qualify for more responsibility.
The more difficult you are to replace, the less likely you
are to ever lose your job.
3. Does one need to be DILIGENT in applying himself to
education? Prov. 23:12, 23.
COMMENT: In most parts of this WESTERN world today,
education IS within reach of everyone. Correspondence courses,
night schools, or reading of books from public libraries is
available. You can tailor your education to your needs. If you
are in doubt either as to what is available, or as to what best
suits your particular situation, GET WISE COUNSEL. Ask your
employer -- and others you can trust.
For housewives there is a wealth of housekeeping and home
improvement books in modern libraries, and many inexpensive or
free government publications. The librarian can give you
information about these also.
Remember the example of Abraham Lincoln. He educated himself
in the dim light of the fireplace in a log cabin. And there was
Booker T. Washington, a poor Negro who had ALL the odds against
him, including poor health. Yet he struggled to become
well-educated -- and became a great success and benefactor to
both black and white.
How to Handle Your Finances
Many men, having come in contact with the Church of God, and
because of a change of standards coupled with real spiritual
growth, have found themselves earning a greater income. But
merely earning more is not enough in itself. You must also MANAGE
IT WELL after you earn it.
Many adults have not yet learned how to handle their money
wisely. We SHOULD have learned HOW to handle money while children
and teen-agers, but very few have.
1. Is the waster in the same class as the lazy worker? Prov.
18:9. Did Christ express Himself concerning waste? John 6:12.
2. What lesson concerning waste is found in the parable of
the prodigal son? Luke 15:13-18.
COMMENT: Some people literally "blow" their money for
anything and everything their lustful eyes desire. This IMPULSE
BUYING is one of the most common reasons for financial problems,
as we learned in the last lesson. Here now are some simple rules
on how to control this impulsive waste:
Never go shopping for groceries when hungry. Go just AFTER
eating a meal. Don't buy anything or make any financial decision
after having any kind of alcoholic drink, or anything that might
act like a tranquilizer.
Don't buy anything just because of looks, or how it is
packaged. Buy it for how well it will fulfill your needs.
Don't buy from door-to-door salesmen or telephone
solicitors. The rule is: don't buy THAT WHICH COMES TO YOU. When
YOU are ready, when you need something and can afford it, GO OUT
and buy it! It will save you money in the long run.
And don't buy because a jangling television commercial
planted a desire in your mind!
Make buying a determined and carefully calculated matter.
Buy when you have planned and saved for it. Take plenty of time
to consider your needs -- and resources. Talk it over with your
husband or wife -- ESPECIALLY BEFORE YOU SIGN ANY APPLICATION FOR
CREDIT! Remember what we learned about credit in the last lesson.
One of the "gimmicks" of today's high-pressure selling is to
OVERWHELM a prospective buyer with "loaded" or one-sided
HALF-TRUTHS. They SEEM right, at the moment, but turn out later
to have been completely misleading. So NEVER be pushed or hurried
into a decision. It may be impossible to back out once you have
committed yourself!
Wait 24 hours. Say "I'll think it over" -- and leave the
store. Then get ALL the facts. A good procedure is to sit down
and make a list of all the pros and cons on a sheet of paper. It
may bring to light many things you had not thought of before.
3. Does God judge us by what we do with what we have? Luke
16:10; 19:17 and Matt. 25:21.
COMMENT: As a Christian, you have a special responsibility
to handle your present income WELL. A man who SQUANDERS his
salary and cannot pay his bills does not qualify for further
financial blessings from God.
Even your eternal spiritual reward may well be determined by
how you manage your financial affairs now. For how you handle
your money while in the flesh is a pretty good indication of how
you would handle greater responsibilities as a spirit being in
God's Kingdom!
Finances Are the Husband's Responsibility
Probably the greatest cause of marital squabbles, next to
problems involving sex, is disagreement over money. Thousands of
marriages end in divorce because husbands and wives cannot agree
about fiscal responsibility.
1. Has God ordained that the husband be IN CHARGE of the
household? Eph. 5:23 and I Peter 3:1.
COMMENT: This includes proper handling of finances. The
husband is also responsible for managing the family budget.
2. Does this mean, however, that a wife should have no part
in family money matters? See Comment.
COMMENT: Husbands and wives should mutually share ALL
aspects of their physical and spiritual lives. I Peter 3:7 says
they are "... heirs together of the grace of life ...." But the
husband is to in charge.
A husband should definitely CONSULT his wife and seek her
counsel. Her views should be considered. Hers is not the final
word, but it should count heavily in the husband's final
decisions. He should also give her adequate money to purchase
needed items such as food, clothing, etc. for the family.
3. What does Proverbs 14:1 say every wise woman will do? She
can actually improve the family's financial standing and increase
the property value.
COMMENT: Read Proverbs 12:4. Properly translated from the
Hebrew, this verse reads: "A STRENUOUS woman is a crown TO HER
HUSBAND." She WORKS HARD! And she WORKS FOR HIM! But the wife
that does not do her duty ("that maketh ashamed") psychologically
undermines her husband's health and attitude, and hinders him
from becoming the success he ought to be!
The "prudent" wife (Prov. 19:14) practices wise home
management and thrift, while she backs up her husband's
decisions.
4. How did Solomon describe the IDEAL WIFE, in terms of
helping her husband economically? Prov. 31:10-27.
COMMENT: A good wife can actually cut the bills, and still
enable the family to eat and dress better. She rises early and is
diligent to do her work (verses 16, 27). She may even plant a
garden to produce a part of the family's food (verse 16). In
these ways she can help her husband become an outstanding
success! (verse 23.)
The wife should be the one involved in searching out real
bargains through ads in local papers, contacts with merchants,
and chats with other housewives. In cases of genuine sales, she
will wisely stock up on certain items for future needs, thus
saving on the family food bill.
Keeping the records may well be the wife's job also, if the
husband so decides, and feels she is capable of handling it. She
may even write and mail some, if not all, of the checks. Such
matters are rarely, if ever, done by those who make the final
decisions in large companies and corporations.
Budgeting Your Income
Whether you are a newly married couple or not, with or
without debts, in a low income bracket or high, YOU NEED TO
ESTABLISH A BUDGET! Every successful business operates on a
budget.
If you are like most people, you hardly know where your last
paycheck went beyond the major expenses. The chances are that you
are not using your money wisely AND DON'T KNOW IT!
You might be FLABBERGASTED to see the "loopholes" in your
spending -- the wasted dollars, pounds, etc.!
Webster defines BUDGET as a "financial statement of
estimated income and expense." So simply keeping a record of how
you have spent your income is not keeping a budget. You also need
to know where it SHOULD HAVE GONE. Income and outgo need to be
calculated and BALANCED -- in advance.
Here is the basic rule for sensible budgeting: Never plan to
spend more than you can afford for any given expense.
For example, almost any book or article on family budgeting
in the U.S. will tell you to plan to spend about 20% of your
income for housing. You should never spend more than 25%. That
should INCLUDE utilities and repairs, as well as the rent or
mortgage payment. (All of the percentages given here are to be
figured on your NET income -- AFTER income taxes and other
deductions have been taken from the gross amount of your check.)
Food and groceries will generally run about 20% of your net
income. That should include miscellaneous items purchased at the
grocery store such as toothpaste, hair tonic, soap, etc. Those
with large incomes can apportion a smaller percentage here, and a
larger percentage in some other category. Most residents in
farming communities would apportion less than 20% since they
raise much of their own food.
Larger families, on the other hand, may have to increase
this percentage to be sure their budget allows for an adequate,
wholesome diet. YOU SHOULD NOT SKIMP ON FOOD! Rather cut down
elsewhere in your expenses to allow enough for a healthful diet.
Be bargain conscious. Watch for specials and eat plenty of
fruits and vegetables. You can also save money by not buying the
most expensive cuts of meat. You will cut down expenses
considerably if you are careful. Wives are often in too big a
hurry to take notice of prices. Many are totally unaware of the
high cost of certain KINDS of items. Remember the Proverbs we
have just read which describe the WOMAN'S JOB.
Your clothing budget may range from 10 to 15% of your net
income, depending on regional climate, season and occupation. Buy
only the type and quality of clothing that your budget will
allow. Control any desires for really expensive clothes if you
can't afford them. Again, be very careful about using that
department store credit card. It can ruin you before you know it!
Next after these three basic necessities will come
transportation. Car payments, if any, gas and oil, insurance and
REPAIRS must be included. Don't forget that cars need repairs and
preventive maintenance to keep them in safe running condition! If
you can't afford a car, don't buy one. If you can afford a car,
stay within your ability to pay for it -- even if it has to be a
used one.
Be sure you carry at least the minimum auto insurance
required by your state. You should also carry life insurance if
you can possibly afford it. But don't let the premiums for all
insurance climb beyond about 5% of your net income.
BUDGET GUIDELINES
Percentages, shown are only approximate and are for the
average middle-class Income bracket in the U.S. Adapt this budget
to fit your income, size of family, and cost of living in your
country.
Tithe and offerings ...................... 10-15%
Festival tithe ........................... 10%
Housing (includes utilities) ............. 20-25%
Food (includes miscellaneous, kitchen
and home expenses) .................. 20-30%
Clothing ................................. 10-15%
Operational Savings ...................... 5-10%
Reserve Savings ..........................
5%
Insurance ................................ 2- 5%
Pocket money ............................. 2- 5%
Recreation ............................... 2- 5%
Educational materials, books, magazines .. 2- 3%
Transportation ........................... 3-15%
NOTE: Above percentages (except for tithes) are based on net
income -- AFTER income tax withholding and other payroll
deductions. Farmers and self-employed persons must allow for
income tax.
Other smaller items that you are apt to overlook are
ENTERTAINMENT and POCKET MONEY. Though many feel that
entertainment or recreation are luxuries they cannot afford, the
truth is that some form of diversion is absolutely necessary to
maintain a happy family.
Pocket money for MISCELLANEOUS small expenses not included
elsewhere in the budget -- haircuts, newspapers, etc. -- is also
vital. Without money in your pocket to buy what you need when you
need it, you can FEEL like a pauper even though you have a
comfortable balance in the bank.
These overall guidelines will help you in establishing a
practical, balanced budget.
How to Set Up a Balanced Budget
You may not have realized that the principle of setting
money aside for a specific purpose is part of a basic law of your
Bible.
1. Does the Bible make it clear that we are to set aside a
certain portion of our income to enable us to attend God's annual
festivals? Deut. 12:17-18.
COMMENT: Although this text is speaking about the festival
tithe which God commands to be saved and spent "in the place
which the Lord thy God shall choose," we can apply this principle
of setting aside a certain amount for a specific purpose to
budgeting our income.
2. In this God-ordained "vacation plan" which enables His
people to attend His commanded festivals annually, was the
festival tithe to be set aside as often as the "increase" --
income -- was received? Deut. 14:22.
COMMENT: The farmer's income is received but once a year --
"year by year." But most people's income today is received
"paycheck by paycheck." Whether it is a tithe or a budget
category, the proper percentage should be taken out of each
paycheck immediately.
Why immediately? Because you take out each portion BEFORE
any of your check can be spent. You know exactly where your money
is going, with the assurance you will have enough to cover all
requirements until the next payday. This way you experience no
painful emergencies later by trying to squeeze out enough to
replace what you might have otherwise misappropriated.
With God's system of saving tithes, slowly but surely you
accumulate your yearly "vacation money" to enable you to attend
His feasts. Budgeting is merely applying God's principles of
saving to your whole income. In effect, you are paying a part of
every bill with every check.
Here's how to begin setting up a budget:
First of all sit down and make a very comprehensive list of
ALL ordinary monthly and yearly expenses, including any monthly
debt payments you might have.
The next step is to apportion the correct amount from each
check for each expense. Suppose you are paid twice a month. You
would simply DIVIDE monthly bills in half and DOUBLE all weekly
bills (if any) to arrive at the amount to be taken from each
check. You would also divide yearly bills by 24 for the amount to
be set aside from each check.
Once you have done this, make a list of the amounts that
must come from each paycheck for each expense. This list will
tell you exactly how much to save out of each check so you will
have on hand precisely what you need, when you need it, to pay
each bill.
There are two specific ways of handling the money itself.
One is to turn it into cash and keep it in separate envelopes for
each budget category. The other is to buy a record book and keep
the money in the bank.
You MAY want to use a combination of these two methods. For
those expenses most conveniently paid by check, the BANK METHOD
IS MUCH SAFER and is therefore recommended. You will have to keep
records though, whereas no written record is necessary for cash
kept in envelopes. The separate envelopes are their own record.
Since keeping large sums of money at home is rather risky,
extreme care should be taken to keep any cash in a safe place
away from children and possible burglars. And it should be kept
in a fireproof box if possible.
Once properly set up, your budget will be simple to maintain
each time you receive your cheek. And you will always be sure you
are not forgetting any items or wasting money. You will be able
to spend your money with the reassuring knowledge that it was
intended for that purpose, and that it was spent the wisest way
possible WITHIN THE BOUNDS of your income. You will experience
new joy and peace of mind, and not feel guilty even when spending
for planned-for extras and even luxuries!
Two Categories of Savings
It has been facetiously said that the first rule for wise
financial management is to save something for a rainy day; the
second to distinguish between light sprinkles and heavy showers.
Every family budget should provide for two kinds of savings.
The amount may be small at first, but you need to develop the
habit of saving.
One kind is for planned-for, expected expenses. It is called
an OPERATIONAL SAVINGS. Special expenses involved in preparing
for winter, maternity bills, a major item of furniture or an
appliance, etc. -- things not regularly budgeted out of every
check -- would be paid for from such a fund.
The other kind of savings is for TOTALLY UNEXPECTED,
unpredictable emergencies. It is a RESERVE SAVINGS -- a built-in
safety valve for your budget. Authorities recommend you put away
approximately 6% of your net earnings each pay period until you
have accumulated an amount equal to 2 or 3 times your monthly
pay. Then, when an emergency occurs that reduces your reserve,
build it back up with the same diligence as before.
But some will object, "I can't even LIVE ON A BUDGET, let
alone put aside money for savings. I'm too deeply in debt to
start!"
What about you? Are you head over heels in debt?
There IS a way out!
Do you have the courage to use it?
The "Emergency Method" of Getting Out of Debt
Even though you start now to live within your means and to
buy absolutely nothing else on credit -- and though you BUDGET
payments to gradually retire all your previous debts, that ALONE
may not be the full solution if you are heavily in debt.
Why? Because while you may be able to repay $10 or $20 or
more a month, with debts now totalling one, two, three, four,
five or six thousand dollars or more, you WON'T BE OUT OF DEBT
FOR ANOTHER FIVE TO TEN YEARS!
Debt years are depressing years, with family arguments
resulting from the financial strain. Life is too precious and too
short to attempt to live under the burden of debt for years and
years.
To REALLY make headway in getting out of debt, you must CUT
YOUR STANDARD OF LIVING to a "state of emergency" level. By going
on an emergency basis, most people can be completely out of debt
in a year, or two at the most.
Scrutinize all your expenses. Look for ways to make
emergency cuts in spending in order to live far BELOW your
present income. Decide what you can cut out entirely. Really
SACRIFICE! The more you sacrifice NOW, the sooner you'll be out
of debt.
Consider your car first. Ask yourself if you could possibly
get along without it. A car can cost you as much as it costs to
support a wife. So it might be a good idea to get rid of your car
if you can possibly do without it! Perhaps for a few dollars a
month you can ride to work with a fellow employee. Maybe you
could even walk or ride a bus or bicycle. The money you get for
your car, and the amount you'll not be spending for its operation
every month, will go a long way in helping you get out of debt A
LOT SOONER.
Remember, this is an EMERGENCY situation!
You might also be able to move to an area closer to your
job, near a store where your wife could walk to shop. And you
could conceivably cut your rent $20-$50 a month by renting a less
expensive house. Paint and elbow grease are not very expensive.
Dirty, dingy rooms can be made very livable and attractive with a
little cleaning, paint and inexpensive curtains.
Now consider your food bill. While you MUST PROVIDE FOR
ADEQUATE NUTRITION, YOU probably can accomplish it for much less
money. Buying food on sale -- and in quantities when possible --
will save money. Your wife can also save by baking bread and
planting a garden. Cheaper cuts of meat will also do just as well
as the more expensive cuts.
You can completely eliminate that which is not essential to
maintaining good health. You'll find many other ways to save if
you really put your mind to it.
It's not too much to do -- IN AN EMERGENCY! And it can be
FUN! YOU and your family can make a game out of it.
Recreation can become a family picnic at a nearby park,
rather than dinner at a restaurant. Games at home and family
conversation are cheaper than commercial entertainment -- and far
better for you spiritually. An occasional trip to the mountains
or seashore is possible with another family that can afford a
car.
But don't give up after a month or two. Set your will.
Determine to stick with it. Seeing your debts melt away month by
month will be worth all the effort and sacrifice!
1. What did Solomon say about the quitter? Prov. 24:10.
COMMENT: Many a financial FAILURE occurs because an
individual gives up when things LOOK bad, not realizing that
success may be just over the horizon. Realize it will take some
austere living to get completely out of debt, but rejoice in the
progress you make. Don't fix your attention on the long way to
go, but on your STEADY PROGRESS and on the worth of reaching the
ultimate goal! (For more helpful hints on getting out of debt,
write for the free article, "How to Get Out of Debt.")
Avoid these Pitfalls
1. Does the man who tries a get-rich-quick scheme ever
succeed? Prov. 28:20, 22; 21:5.
COMMENT: The way to prosper is to work diligently, plan
ahead, invest wisely -- not follow some wild project for which
one has no training or aptitude, no matter how easy it may sound.
Many men have gone broke, ruined their health and brought
needless hardship and sorrow upon their families through
"amazing," "stupendous," "marvelous" get-rich-quick schemes!
2. What happened to Gehazi when he tried a get-rich-quick
scheme? II Kings 5:20-27. Does such a person invariably lose?
Jer. 17:10-11. This is why gamblers lose in the end.
3. Does wealth gotten in a wrong way tend to diminish? Prov.
13:11.
COMMENT: You should seriously consider this principle if you
are in what might be termed a questionable or dubious occupation.
4. Are we warned repeatedly not to become liable for
another's debts -- unless we are fully able and willing to pay
them for him? Prov. 6:1-2; 11:15; 17:18; 20:16; 22:26-27; 27:13.
COMMENT: A closely related principle is: Don't tie up as
security what you already own, unless you are willing and able to
lose it if some unforeseen emergency arises.
God PROSPERS His Servants!
1. Does God promise that everything the RIGHTEOUS man does
will prosper? Psalm 1:1-3.
2. Did God make righteous Abraham "very rich"? Gen. 13:2.
Did God also prosper "JUST (righteous) Lot"? Gen. 13:5 and II
Pet. 2:7. And what about Isaac? Gen. 25:5; 26:12-14.
3. What happened to Joseph -- another righteous man who
served God? Gen. 39:2-4.
4. Did God promise the nation Israel great MATERIAL
BLESSINGS for OBEDIENCE? Deut. 7:12-15. What other blessings does
keeping God's laws lead to? Deut. 28:12.
5. Does God want us to prosper today? John 10:10 and III
John 2.
COMMENT: The blessings of God come as a direct result of
obedience to His laws, which includes hard work and diligent
effort. From the beginning, God has taught man the importance of
having a good job and doing it well.
If you apply the principles we have studied in this lesson,
you WILL grow in your job. And God will BLESS and PROSPER you
according to His will as you continue to obey Him and live by His
Word -- the Bible.
(To be continued next lesson)
TEST YOUR MEMORY
This quiz is designed to help you remember some of the
important facts you learned in the lesson. Just circle or
underline each correct answer. After you've finished, check your
choices with the correct answers on page 15 {below} and rate
yourself.
1. The way to permanent prosperity is to
A: be dishonest.
B: inherit a lot of money.
C: practice the principles of financial success revealed in
the Bible.
D: become a businessman.
2. Poor people
A: are always true Christians.
B: are poor because poverty is God's will for them.
C: should remain poor.
D: can and should improve their financial condition.
3. God wants us to prosper
A: and be in good health.
B: so we can quit working and retire.
C: only spiritually.
D: only in the World Tomorrow.
4. What does diligent work have to do with prosperity?
A: Prosperity is the result of diligent work.
B: Very little.
C: They definitely do not go hand in hand.
D: Nothing, if one is "rich in faith."
5. If a person is able to work, but REFUSES to do so, he
A: probably has a valid reason.
B: should not eat.
C: is wise.
D: should be supported by those with financial means.
6. Those who do their work half-heartedly
A: always wish they had more, but never do.
B: are blessed the most.
C: would be inspired to work harder if they received a
financial windfall.
D: should be paid high wages anyway.
7. The Bible shows that laziness and inactivity
A: bring prosperity.
B: are habit forming.
C: are sometimes excusable.
D: build character.
8. The home of a "sluggard"
A: will usually be neat and clean.
B: will not tend to reflect his character.
C: will usually not be cared for, reflecting a serious lack
in character.
D: is something to be proud of.
9. Finding a good job
A: depends on one's luck.
B: is very easy.
C: is a matter of knowing the right people.
D: takes effort, and sometimes hard work.
10. The way to succeed on your job is to
A: flatter the boss.
B: be a "square peg in a round hole."
C: work hard and grow in it.
D: work seven days a week.
11. Should one seek other people's advice concerning employment?
A: Absolutely not -- one should rely on his own judgment.
B: Yes, but just one individual.
C: Only when the advice will agree with your own ideas.
D: Yes, but cautiously -- some might be wrong.
12. A profitable employee
A: does the job the BOSS'S WAY.
B: does not really apply himself to his job.
C: tries to merely impress the boss.
D: does what he THINKS is right, regardless of the boss's
instructions.
13. The proverb which describes the ant teaches us
A: we can do whatever we set our minds to.
B: to despise supervisors.
C: initiative.
D: how to be followers.
14. Training and continued education
A: help one to grow in one's job.
B: make one easy to replace.
C: take little effort to acquire.
D: are not within the reach of most in the Western world
today.
15. A waster
A: does not fall into the same category as a lazy worker.
B: is diligent in proper money management.
C: does not qualify for financial blessings.
D: considers and controls his impulses to squander his
money.
16. A wife
A: should share in managing the family's budget.
B: should buy only the best regardless of price.
C: shouldn't try to save her husband money since he is
responsible for the finances.
D: should not back up her husband's decisions about money
matters.
17. A budget is
A: a guide for future expenditures.
B: only useful to those in debt.
C: only useful to those not in debt.
D: not based on any Biblical principles.
18. Which of these percentages would be out of line in an average
middle-class balanced budget in the U.S.?
A: 25% for food.
B. 50% for housing.
C: 15% for clothing.
D: 5% for insurance.
19. Saving money
A: is not practical since one could be spending it each
payday.
B: should not become a habit.
C: is showing a lack of faith.
D: enables one to enjoy many more good things than would
otherwise be possible.
20. The "emergency method" of getting out of debt is to
A: find a way of vastly increasing your income.
B: merely cut your current expenses enough to live within
your income.
C: lower your standard of living to an emergency level until
the debt is paid.
D: go through bankruptcy proceedings.
Answers to Quiz:
1-C 5-B 9-D 13-C 17-A
2-D 6-A 10-C 14-A 18-B
3-A 7-B 11-D 15-C 19-D
4-A 8-C 12-A 16-A 20-C
Rate Yourself:
19-20 correct ..................excellent
16-18 correct ..................good
13-15 correct ..................fair