Philippians 3: 13 – 14 – ‘No, dear brothers and sisters, I have not achieved it, but I focus on this one thing: Forgetting the past and looking forward to what lies ahead, I press on to reach the end of the race and receive the heavenly prize for which God, through Christ Jesus is calling us.’
It’s important for each of us individually to run our own race. Although our end goals may be the same – to use our finances to benefit others, reach people for Christ and to feel comfortable about what we’ve left for future generations, we each have to do our part.
Don’t be intimidated by your capabilities (or perceived lack thereof) and choose to do nothing. Less than perfect is always better than the best intention.
There is no point in leaving saving and financial learning to a time that ‘suits you’. There is no better time to start saving than now. Now is the best time to ask God to guide you with regards to being a good steward of your finances. Today is the perfect day to start learning more about how to earn, save and invest.
Make the effort to daily or at least weekly do something that will improve your financial situation and your knowledge. As you grow and learn, you will make better decisions and see better rewards.
Also, don’t be averse to risk. Sure, don’t take risks that could result in the loss of your house or finances to support yourself and your family. But do learn to take risks that could result in a higher rate of return on some of your finances. Even if it is choosing to put a set amount into a term deposit, rather than leave all of your savings accessible in a savings account on a smaller interest rate. At the end of the term, you can have your money back and you will have acquired more interest. The money just won’t be available to you to use over a set timeframe, e.g. 90 days. This could be a risk you’re willing to take to see the reward of a higher rate of return. Do your research.
It is my prayer for you:
- That you will recognise the importance of running your own race, no one else’s!
- That you will focus on the prize that is ahead, not competitors on either side of you.
- That you will recognise forward movement in your financial journey and run with it!
Lord I thank you that you have given me a unique financial situation, goals and desires. Help me to grow my skills, grow my finances and above all, grow my relationship with you.
Consider splitting your budget into the areas of tithes/offerings, living expenses and saving.