Why I Love Being On A Budget!
By: Amy Gruetzmacher
I. Amy’s story
II. Managing our money as parents
*You cannot learn what you have not already mastered.
What the Bible says about debt:
* Proverbs 6:1-5
* Proverbs 21:5
Baby steps (Dave Ramsey style…)
1. $1000.00 in an Emergency Fund
2. Pay off all debt utilizing the “debt snowball” principle
3. 3-6 months expenses in savings
4. Invest 15% of all household income into Roth IRAs and pre-tax retirement
5. College funding
6. Pay off home early
7. Build wealth!
Bottom line: Spend less than you make.
III. Teaching money management to our children
* Our responsibility as parents is to teach our children to be wise stewards with their money.
Parents Magazine, August 2007 – “Show Them the Money”
Lessons to teach your children:
1. Money Takes work
2. Shop carefully
3. Stick to a budget
4. Cards are for convenience
5. It’s smart to save
6. God commands us to give.
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