My husband and I are in a wonderful season of our lives. In short: God has blessed us. But I can see many habits and events that have led to our current comfortable life. We live in a home that we own, are saving for our future, are blessed with beautiful children that we can provide for and plan a trip overseas to visit my husband’s parents every other year with our expanding family.

How Does Your Generosity and Actions Prepare for the Future? | WealthintheBible.com

How Does Your Generosity and Actions Prepare for the Future? | WealthintheBible.com

These are things we can do because of others’ generosity and being good stewards of what we were blessed with from a young age. How so? Some examples:

  1. I didn’t start to work until 20 years of age; I finished high school, did a diploma course and was supported fully by my parents over this time. But as soon as I finished my course, I gained full time employment in a job I loved.
    1. I was earning what may have been considered minimum wage, but I lived where I worked, didn’t have to drive to work and I got to keep my horse on the property for free! So my needs were really only food, maintaining my horse’s health, travel on my weekends off and socialising as I saw fit.
    2. As a 20 year old, I consistently saved half of my wage because I could. I had plans to travel and study further and would invest my savings in these things.
    3. In my mid 20s I wanted to buy a house in a regional town an hour down the road. I was able to save half of my wage again for a 12 month period and have a deposit for a modest country home.
  2. A beautiful friend in that country town allowed me to live with her for six months or so rent free in a house she had bought. This allowed me to continue to save and be in the town where I wanted to buy, looking at houses that I could afford.
    1. Buying regionally meant houses were a lot cheaper than Melbourne where I’d previously lived. Also of importance to me were the church family that I had become attached to and the fact that the government provided greater financial incentives for first home buyers that bought in regional towns. Plus a rural town was important if I planned to have horses in the future!
    2. So I was given more money from our government to buy regionally which covered my associated house buying and legal fees; plus it meant I had some money left over.
      1. This I chose to put against my mortgage right from the start. It meant that for a 30 year loan, I had an extra $5,000 sitting against my debt, decreasing my overall interest greatly.
        Can you see how these different things helped to improve my financial situation? Also, that generous friend had the favour returned – she needed accommodation years later due to unforeseen circumstances and I could provide her with it rent free in the house that she’d inadvertently helped me to buy!
  3. My husband came to Australia the month I moved into my ‘new’ home. We wouldn’t meet for awhile, but he came with a strong work ethic and a desire to seek employment opportunities. He already had a mechanical engineers degree but to get into Australia needed to go on a student visa and studied a diploma for 2 years. Being an international student, he had to pay full fees (consider $20,000 for a diploma in 2009 when my parents paid $1400 for mine in 2003).
    1. My husband financed this himself, working full time during term holidays and saving every last penny possible. He was able to do this because his brother who was already in Australia provided him with accommodation and supported him with regards to rent and food.
    2. Once his diploma was complete he was already in a routine of working hard and saving, saving, saving.
  4. When the two of us married it became easier to combine two strong work ethics, wages and frugal minds.
    1. Whilst engaged I met with a financial planner for a complimentary session. The take home piece of advice I received was to set up an offset account with my mortgage. This resulted in a slightly higher interest rate, but it meant that any money I was able to save in this, offset the interest that was earned on my mortgage. Doing a few sums I worked out the exact amount needed in that account to bring my interest down to what it was at the lower interest rate – this became my husband’s and my first goal for saving as a married couple.
    2. Then there was joy in seeing how much we could put into savings alongside paying off the mortgage. The more we saved, the less interest we paid and the quicker we paid off our mortgage. It was an exciting challenge when we had no other debts – no credit card, car loans, etc.
  5. After a couple of years we had our first child; when she was about six months old we found out about a free community dinner hosted by another church. We attended for a bit but had other things interrupt this. Two years later – and with our second child – we made a conscious effort to attend these dinners each week. Our family of four receive a free meal and dessert each week which means we save on the cost of a meal regularly and can invest this money elsewhere.

The actions that you take today and make regularly impact your financial future.  When others bless you, it can help you to get ahead.  And as you’re able to, you can bless others and help them to get ahead.