Vision: 1 year & 5 years

August 18, 2008

(Note: Instead of writing on what works for me and what has worked for others in the aspect of personal finance, I am writing today on what my current situation is and what “vision” I have for my family’s financial future. Enjoy, for what it is worth.)

NOW

  • $21, 000 in debt, exlcuding our home and cars.
  • 4 years payments left on vehicles
  • Paying on our $100K home, which is completely interest free.

In One year, I have the vision that we…

  • Will have paid $10K on our general debts, through budgeting and selling what we do not need.
  • Continuing to pay off the vehicles… (sigh) and home.
  • Living on a tighter budget, and possibly taking on side jobs to throw at our debt.

In 5 years, I have the vision that we ….

  • will be out of debt other than our home!
  • have a small amount of “rainy-day/murphey is coming” fund started
  • will be financially sound enough that giving to “Faithful following of JESUS” will not be an issue.

Drip. Kurplunk. Drip. Drip. Kurplunk.

When people thinks of generosity, they often think of abundant, lavish generosity. The word Generous radiates thoughts of wealthy people building new wings of hospitals or building homes for the poor. Generosity is a misunderstood and underused concept in the current culture.

does a little matter?

People often misunderstand that generosity must be lavish showers of money. Being generous simply means being willing to give what you can to those who need it. Even $1 given to a soup kitchen will help to put a few more spoons of food on a plate. Yes, a little given in generosity matters. Ask the homeless shelters who run on donations; ask the church who is about to close their doors due to finances.

more….

If you do not give toward anything, then giving anything is better than nothing. If you already give in small or big portions, then consider how you might be more generous. Can you give $5 more? What about $15?

One penny at a time. Give. By giving a little more, maybe someone will not have to go to bed without food or without shelter tomorrow night.

‘Recession’ Response

August 13, 2008

Introduction

The media is plush with stories on the current economy. I believe that you would be hard-pressed to flip through the news tonight without the “recession” storm overtaking you. The media is using the term “recession” so much, that people actually are buying into it. My post, however, isn’t really about the current financial situation in the USA. It is about money/economy in general.

Spoiled mentality

Why is it that so many people rationalize purchases with the words “because I deserve it”? That’s a little presumptuous. I resolve that we don’t necessarily “deserve” everything that we buy. I think that humans deserve the essentials: food and shelter. Some might deem that “basic essential needs”, yet how many people will curl up on the cold ground tonight without anything in their stomach?

Can’t Buy me…

There are a lot of things that money itself cannot buy. Money cannot buy back a ruined relationship. No amount of stuff can truly fill a void. Money is also very temporary. When we die, it will not go with us to our eternal destinations. “Money is merely a method of exchange, and is only worth what someone else is willing to give you for it” (Dave Ramsey).

What it all comes down to

Money is paper and coin. We can buy stuff with it, but obviously that stuff is just stuff. Invest your time, invest your love, invest your energy and you will reap better rewards than simply investing your money will.