“Show Me the Money I & II” Finances

“Show Me the Money I & II” Finances

Statistics show that most couples who divorce cite “money problems” as the top factor in the breakup. When it comes to money we men are more risk takers and tend to forget saving for emergencies. We’re also goal driven and often use money as a scorecard. That’s one of the reasons why we struggle with self-esteem when there are financial problems. Ladies on the other hand tend to see money as a security issue, so they are usually the ones wanting to save for a rainy day. Because of their need for security, ladies can have a level of fear when there are financial problems or careless spending going on.

Chances are that if you're married, one of you is good at working numbers and the other one isn't good at working numbers. The problem is when the saver neglects the input of the spender or when the spender avoids participating in the financial dealings altogether. Let’s face it, most of us never got proper training in managing, budgeting, investing or in running our personal finances. Here are some points that will help you in your journey.

1. Know what you really spend by tracking your spending
a. Decided together as a couple where you want your money to go before you spend it.
b. Limit, Reduce and eliminate your debt

2. Remember the 5 short term uses of money which are:
a. debt
b. taxes
c. savings
d. living expenses
e. Giving

3. Four things you must do concerning your money:
a. Accept responsibility for wise financial practices.
b. Make sure you have provided for the future.
c. Provide a safe place for keeping all your important financial information.
d. Keep growing in your financial understanding.

4. 10 Biblical Principles for successful investing
a. Establish Written Financial Goals
b. Seek Wise Counsel
c. Cultivate a Long Term Perspective
d. Diversify your portfolio
e. Avoid get rich quick schemes
f. Avoid risky investments if you can’t afford the loss
g. Avoid high leverage
h. Monitor your anxiety
i. Establish limits on the amount you invest
j. Share and discuss plans with spouse (if married) or wise friend if single

5. Plan your Will and Estate
a. You Will Die
b. You will take nothing with you
c. Sad fact: 70% of Americans die without a will
d. Three things to remember in your will
i. Heirs
ii. Kingdom of God- Ministries
iii. Taxes



	“Show Me the Money I & II” Finances Statistics show that most couples who divorce cite “money problems” as the top factor in the breakup. When it comes to money we men are more risk takers and tend to forget saving for emergencies. We’re also goal driven and often use money as a scorecard. That’s one of the reasons why we struggle with self-esteem when there are financial problems. Ladies on the other hand tend to see money as a security issue, so they are usually the ones wanting to save for a rainy day. Because of their need for security, ladies can have a level of fear when there are financial problems or careless spending going on. Chances are that if you're married, one of you is good at working numbers and the other one isn't good at working numbers. The problem is when the saver neglects the input of the spender or when the spender avoids participating in the financial dealings altogether. Let’s face it, most of us never got proper training in managing, budgeting, investing or in running our personal finances. Here are some points that will help you in your journey. 1. Know what you really spend by tracking your spending a. Decided together as a couple where you want your money to go before you spend it. b. Limit, Reduce and eliminate your debt 2. Remember the 5 short term uses of money which are: a. debt b. taxes c. savings d. living expenses e. Giving 3. Four things you must do concerning your money: a. Accept responsibility for wise financial practices. b. Make sure you have provided for the future. c. Provide a safe place for keeping all your important financial information. d. Keep growing in your financial understanding. 4. 10 Biblical Principles for successful investing a. Establish Written Financial Goals b. Seek Wise Counsel c. Cultivate a Long Term Perspective d. Diversify your portfolio e. Avoid get rich quick schemes f. Avoid risky investments if you can’t afford the loss g. Avoid high leverage h. Monitor your anxiety i. Establish limits on the amount you invest j. Share and discuss plans with spouse (if married) or wise friend if single 5. Plan your Will and Estate a. You Will Die b. You will take nothing with you c. Sad fact: 70% of Americans die without a will d. Three things to remember in your will i. Heirs ii. Kingdom of God- Ministries iii. Taxes