As Dave Ramsey says, “Personal finance is 80 percent behavior; and only 20 percent head knowledge.”
I can write about how to handle money and you can read it and agree. If either of us does not change our behavior about money and continues to spend beyond what our income allows we will end up eventually in financial trouble.
I hope what I have been sharing in this series HERE will encourage you to take a good hard look at the way that you are using the money that God has placed in your hands. It has been encouraging to hear how many have already implemented wise discernment with their money.
Many of you are struggling and want to get on track with all of your heart. That is awesome!!
Hopefully the 5 reasons that I am going to share will motivate you to start saving money.
No One Saves Anymore!!
Whenever I go to Walmart, K-Mart, or Targett (I love Targett – good thing it is an hour away) I get a cart and start to push it through the store.
Did you ever think about why the carts are that size? Like BIG?
They are big enough to hold several hundred dollars worth of stuff!
I thought about this the last time I went to Targett and didn’t choose to get a cart.
I actually walked out without buying something!!
You may not have this shopping behavior, but for the most part people charge what they purchase. Many people even charge their groceries.
People charge because they just don’t have the money to afford what they are buying.
Our thinking has changed because most people don’t even have a tinge of conscience when they carry bags and bags into their homes of unpaid for items. It is just normal. It is just the way it is done these days.
It is NOT normal.
We are charging for purchases and services without having the funds.
We don’t even have the funds on payday.
Not even in a month.
Most people have nothing much in savings either!!
Thoughts on Saving Money
My grandparents lived through the Great Depression of the 1930’s. They didn’t have much money even though my Grampa Bollback was able to keep his job at Borden’s Milk Company. He wasn’t rich by any means and had only about a 6th grade education.
BUT he saved his money.
I don’t know if he was able to save during the depression when he had three young children and his wife to feed, but at some point he was able to start saving. People just did back in the day.
Today, with credit card usage ever increasing, I would dare to say that people are just not saving.
I don’t have statistics on that . . . you’ll have to read some other blog for that or check out Dave Ramsey’s website.
I am sharing thoughts I have on why saving your money is important. These are just my thoughts after saving over the years and then having to use it on an expense that cropped up.
I do wish that we had been more faithful in saving through the years. Sometimes life just happens as you are raising your children and you just do the best that you can.
5 Reasons You Should Start Saving Money
We are poor savers these days compared to my grampa’s generation.
They knew how to scrimp and save.
They would do without back then.
Our idea of saving is putting money aside to save but taking it to pay for our purchases because we didn’t stay within our budget!!
These are 5 reasons to save money but not reasons to have 5 savings categories.
- You NEED an emergency fund! This might be inter-changeable with #3 but in some ways it is different. Repairs of appliances and things in and around your home is inevitable. You can actually plan on them wearing out. Emergencies are not always things you can count on.
- You NEED $1000. that can be accessed quickly if a genuine need arises! We did this and it really helps to give us peace of mind. We absolutely won’t touch this money unless it is absolutely necessary. Even if you can only have $1000. in the savings account it is a start.
- Home repairs do happen, you need to anticipate them! Believe me. It happens. We have had our septic fail (at at tune of $15,000) and our house flood because the footing drains failed big time. We had no choice but to do the repairs (another $15,000), we have replaced appliances when they could no longer be repaired, or put a new roof on our house. You have two choices: save or use credit.
- A vacation would be nice but is only nice when you can afford it! It is not a nice feeling to have a wonderful vacation and then to return to a pile of vacation bills. We put aside only $25. a week for vacation and then add to that when we are able. Anything helps. Camping keeps the cost down when the kids are growing up.
- Saving money for the future is wise! Jesus is coming back but until then, we are to live our life. If you don’t plan for retirement, even if you think you should keep working in your ministry or job for the rest of your life (because retirement is unbiblical), what are you going to do if your health fails and you must stop working? We won’t always be as young and healthy. I have seen too many get old.
With money we are too often thinking in the moment. We spend without thinking how we might need the money next week for something far more important.
I hope this will motivate you to keep saving if you are saving; and to start if you need a push in that direction.
There is always the SIXTH reason to save once you are well on your way to saving. When you save, you are more able to give to those in need whether missionaries, widows, or a family who has experienced a job loss or injury.
Has this encouraged you to save? Would you like to share how this has impacted you in the comments? You can always use the “Contact Me” form if you would like to keep what you share private.