Comments on: Money Matters: Learning the hard way http://revdonnaforyouth.wordpress.com/2008/05/17/money-matters-learning-the-hard-way/ Rev. Donna Cox:Web Pastor, a subsidiary of Personal Best Ministries LLC Fri, 04 Jul 2008 15:23:52 +0000 http://wordpress.com/ hourly 1 By: revdonc http://revdonnaforyouth.wordpress.com/2008/05/17/money-matters-learning-the-hard-way/#comment-13 revdonc Mon, 09 Jun 2008 23:10:25 +0000 http://revdonnaforyouth.wordpress.com/?p=5#comment-13 Honey, you are on the way because you know that you need a solution. Do the following. 1. Put that credit card somewhere that you will not be able to get to it. You cannot continue to charge things if you hope to get out of the problem. 2. Pay SOMETHING every month. Pay at least the minimum balance. 3. Find ways to earn extra money (honest, Godly ways :) Pay that on the credit card. 4. A budget takes into consideration everything so that rarely would you have 'out of the ordinary things' to happen. There are many free tools online. I recommend that you go to Crown Financial. 5. If you've never done a budget I suggest you write down EVERY DIME YOU SPEND for at least a month. At the end of that time, analyze your spending log. Where did you spend money that you could have saved or used for your bills? This can be very eye-opening! God will help you with this but you have to be disciplined. Debt can be real bondage! God made you to live free! Honey, you are on the way because you know that you need a solution. Do the following.

1. Put that credit card somewhere that you will not be able to get to it. You cannot continue to charge things if you hope to get out of the problem.
2. Pay SOMETHING every month. Pay at least the minimum balance.
3. Find ways to earn extra money (honest, Godly ways :) Pay that on the credit card.
4. A budget takes into consideration everything so that rarely would you have ‘out of the ordinary things’ to happen. There are many free tools online. I recommend that you go to Crown Financial.
5. If you’ve never done a budget I suggest you write down EVERY DIME YOU SPEND for at least a month. At the end of that time, analyze your spending log. Where did you spend money that you could have saved or used for your bills? This can be very eye-opening!

God will help you with this but you have to be disciplined. Debt can be real bondage! God made you to live free!

]]> By: Charlie Dickerson http://revdonnaforyouth.wordpress.com/2008/05/17/money-matters-learning-the-hard-way/#comment-12 Charlie Dickerson Mon, 09 Jun 2008 21:16:45 +0000 http://revdonnaforyouth.wordpress.com/?p=5#comment-12 I am living off a credit card at the moment I was doing good by patying more than the minimum earlier in the year, however my aunt threaten to kill me if I didn't. Now I am almost maxed out and I don't have a job that will bring me back to where I need to be, I am looking but I still do not know how to wisely give myself a budget because out of the ordinary things happen daily. I am living off a credit card at the moment I was doing good by patying more than the minimum earlier in the year, however my aunt threaten to kill me if I didn’t. Now I am almost maxed out and I don’t have a job that will bring me back to where I need to be, I am looking but I still do not know how to wisely give myself a budget because out of the ordinary things happen daily.

]]> By: Sofia Kim http://revdonnaforyouth.wordpress.com/2008/05/17/money-matters-learning-the-hard-way/#comment-10 Sofia Kim Wed, 21 May 2008 14:46:40 +0000 http://revdonnaforyouth.wordpress.com/?p=5#comment-10 Credit card debt is on its all time high with today's economy. Hopefully people can obtain the help they need to get out of debt. Credit card debt is on its all time high with today’s economy. Hopefully people can obtain the help they need to get out of debt.

]]> By: revdonc http://revdonnaforyouth.wordpress.com/2008/05/17/money-matters-learning-the-hard-way/#comment-9 revdonc Sun, 18 May 2008 03:16:37 +0000 http://revdonnaforyouth.wordpress.com/?p=5#comment-9 Does this hold true of all life lessons, Garry? Must one take drugs to see if they really will ruin your life? Must one have unprotected sex to discover if one might get AIDS or another lethal disease? Or is it possible that a person might say, 'Mama said I shouldn't do this so I think I won't?' Does this hold true of all life lessons, Garry? Must one take drugs to see if they really will ruin your life? Must one have unprotected sex to discover if one might get AIDS or another lethal disease? Or is it possible that a person might say, ‘Mama said I shouldn’t do this so I think I won’t?’

]]> By: Garry Cooper http://revdonnaforyouth.wordpress.com/2008/05/17/money-matters-learning-the-hard-way/#comment-8 Garry Cooper Sat, 17 May 2008 23:59:18 +0000 http://revdonnaforyouth.wordpress.com/?p=5#comment-8 Money management is one of the unfortunate lessons that are best learned from advisement, but more well understood from first-hand perspective. Just like sports, academics, child rearing, etc. children will always think that they can do better than their parents -- mainly because they will not make the same mistakes. Personally, I have tried not to make the same mistakes as my parents, but I have made mistakes, that my parents might have never made. Most lessons would be best learned from a point of view, that protected the pupil from harm. But such is not life. Sometimes we have to touch the stove, not just to see if its hot. But to see how "hot" it is, and to see if we can withstand such a "burn". Money is that personal voyage that we have to not only discover for ourselves, our rights and wrongs by experience, but uncover personal boundaries within the walls of "rights and wrongs" to see what is doable. Money management is one of the unfortunate lessons that are best learned from advisement, but more well understood from first-hand perspective. Just like sports, academics, child rearing, etc. children will always think that they can do better than their parents — mainly because they will not make the same mistakes. Personally, I have tried not to make the same mistakes as my parents, but I have made mistakes, that my parents might have never made.

Most lessons would be best learned from a point of view, that protected the pupil from harm. But such is not life. Sometimes we have to touch the stove, not just to see if its hot. But to see how “hot” it is, and to see if we can withstand such a “burn”. Money is that personal voyage that we have to not only discover for ourselves, our rights and wrongs by experience, but uncover personal boundaries within the walls of “rights and wrongs” to see what is doable.

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