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OEG. Green Gables. 340 Chester Road. Aldridge. West Midlands. WS9 0PP United Kingdom

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Setting A Goal (page 2)

  • Save as much as you can in a Tax Deferred Account (tax payment is deferred until at retirement when the tax payable is lesser). Be as wise as a serpent but gentle as a dove and at the same time remaining relevant in the kingdom of God. This is the whole basis of life’s meaning. Matthew 10:16 (KJV)

  • Take responsibility for making sound knowledgeable biblically-consistent financial decisions. Use the financial experts if and when in doubt but ultimately, let the Holy Spirit of God be your guide and instructor. Manage your own affairs. 1ST Corinthians 4:2 (NLV)

  • Avoid debt as much as possible. If already in debt, prayerfully seek advice to settle repayments as debt is potentially enslaving. Once out of debt, plan to stay out of debt. Proverbs 22:7

  • Consider all your financial expenses in accordance with your station in life and have a financial plan, realistic goals. Bear in mind your basic needs –       and those of your spouse? children? aged parents? medical? holiday breaks and       travels?

Note of warning – Do not cap yourself in. Remember that your faith plug is wonderfully working and effective! Philippians4:6, 13 (KJV)

  • Budget! Very simple! How do you go spending? Sit down and break down your spending based on how much you have at your disposal. Don’t bank on borrowing from the Bank as the benefit can become eroded if the interest you       are paying is too high. Spend therefore within your budget. If you do, you will       never be embarrassed. Philippians 4:11 (KJV)

 

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