HOW TO  SAVE

MONEY?
GUIDE TO FINANCIAL FREEDOM

#MOTIVATIONDAILY
 Practical knowledge from the Bible based on the
author’s personal study and encounter in Financial
savings is what specifically you will read in this
guide taken from this e-book, The Capability to
Create Righteous Wealth. Its beneficial message
is perfect for for all Christians who want to grow to
be abundant in the eyes of Our father.
 How to make big savings
CONTENTS

Chapter 1

Five keys to becoming

righteously wealth

Chapter 2
The Practical knowledge and Foolishness
of Saving Money

Chapter 3

Practical steps

Chapter 4

Too much of a good thing

Chapter 5

3 steps i recommended
Chapter 6

Three Types of Savings Everyone

Needs – What Could Go Wrong?

Chapter 7

Keys to Teaching Your Kids to

Save

Chapter 8

8 simple ways to save money

Chapter 9

Why save Money?

Conclusion
 In this e-book, let me guide you how savings can create reasonable
success for you.

Five keys to becoming

righteously wealth

1.Implement Dicernment

joesph suggested solution in Genesis 41:33 reveals his hidden

to becoming righteously wealthy, a discerning and wise man.
thus, the first key to acquiring godly riches is to have the
wisdom which comes from God. Part of this godly discernment
is to anticipate bad times.

Genesis 41:33 King James Version (KJV)

33 Now therefore let Pharaoh look out a man discreet and
wise, and set him over the land of Egypt.

Joseph additional advised that commissioners be approved

that will collect 20% of the produce of the egyptian
farmers.they should keep up or save the grain for the seven
years of drought.
2.SET ASIDE 20% FOR SAVING

Joseph second key to Generating reasonable success Is To

always SAVE 20% OF ALL Profits. You Should Not CONSUME
ALL YOU EARN. AFTER TITHING,MAKE SURE Also You
Reserve A few SAVINGS FOR A RAINY DAY.

Genesis 41:34 Let Pharaoh do this, and let him

appoint officers over the land, and take up the fifth
part of the land of Egypt in the seven plenteous
years.

The suggested alternative caused a paradigm shift among the

Egyptians.The pharaoh personally was impressed by joseph
solution. this is what really he said of joseph: Will we come across
anyone like this man, one in that is the Spirit of God? apparently,
the savings solution indeed originated in the Holy Spirit. Pharaoh's
reply to joeseph plan strong indicated that the people of egypt did
not know about savings.Joseph idea was so unique that he was
automatically approved prime minister of egypt, second in power
only to pharaoh himself just what a grand bound for an ex
prisonerAdd a little bit of body text
3.Establish store cities

Thirdly, joseph released the prospect of store cities. This means

that, financial savings should be protected from loss or
deterioration. Efficiency is just as good wisdom as accumulation.
We ought to take steps to ensure that our hard-earned money is
not lost to intruders, swindlers, or rising prices. Today, alternatives
really exist for us to protect the money we save, for instance bank
deposits or trust fund and treasury bills.

4.Reserve for tough times

Fourthly, Joseph recommended holding the savings in
reserve for hard times. Setting aside assets for
emergencies is nice wisdom too. This is what we get in
touch with a save for rainy day plan. Some people call these
contingency or emergency funds.

The starving populations of surrounding places flocked to

egypt begging for foods, the most basic need of all. Egypt
became a world power during joseph time because of
saving.

5.Reserve for business

Fifthly, Joseph used the reserve for business. The wonderful thing for
me in the story is that even when joseph already forewarned the
egyptians about the imminent drought seven years early in advance,
normal people still did not save, They did not prepare for the bad times.
As a consequence, when the drought arrived, they had to trade wealth
for food. Joseph first trade the food for money. then he exchange it for
land.
Definitely, the people were so desperate that they offered themselves as
slaves in return for food. They became beholden b pharaoh that way.
Joseph managed to buy all the territory in egypt for pharaoh. Then
pharaoh owned the over-all territory and gained a number of slaves, from
one end of egypt to the other.

The Holy Spirit explicity warns us in scripture that time will become
extremely tough in the last days. When we were to follow joseph
example, what must we do?
Hope i give you some insights in this chapter and learned a lot about to
become righteously wealth.
On the next chapter you will know what are the practical and
foolishness of saving money.
 Chapter 2

The Practical knowledge and

Foolishness of Saving Money

. In terms of guidance about saving money, the Bible takes advantage of the
word “fool” to describe a couple of extremes — not saving anything and
saving a large amount.

In the first case, we’re told it’s foolish not to save: “In the house of the wise
are stores of choice food and oil, but a foolish man devours all he has” –
Proverbs 21:20.

On the other hand, in the parable of the rich fool, Jesus cautioned against
saving too much: “Then he told them a story: ‘A rich man had a fertile farm
that produced fine crops. He said to himself, What should I do? I don’t have
room for all my crops. Then he said, I know! I’ll tear down my barns and build
bigger ones. Then I’ll have room enough to store all my wheat and other
goods. And I’ll sit back and say to myself, My friend, you have enough stored
away for years to come. Now take it easy! Eat, drink, and be merry! But God
said to him, You fool! You will die this very night. Then who will get everything
you worked for?’” – Luke 12:16-20

The more common form of foolishness

It’s safe to assume that more people are on the not-saving-enough end of
the financial savings spectrum than on the saving-too-much end.

National Reserve investigation indicates that numerous people live

paycheck to paycheck. In line with its most recent “Report on the
Economic Well-Being of U.S. Homeowners,” basically half (46%) of all
Americans say they could not come up with $400 to pay for an
emergency expense and not having to sell something or get the funds.
 Chapter 3
If you come across it complicated to preserve , here are 3 tips
for improving a financial reserve .

1.Start a different savings account

Earmarking a part of the money you always keep in a checking account

because “emergency savings” generally doesn’t work . Mingled money
leaks . It will get used for further purposes . Developing a separate
account focused on emergency savings is a lot more helpful .

Do not forget , the intent behind this funds isn’t to create a very high
return ; it’s to be readily available should an emergency take place . So ,
you don’t desire your own emergency fund tied up in savings which can
be not liquid ( e .g . , real estate ) , nor ones that might drop value in the
short-term ( e .g . , stocks ) . High-quality ol’ savings accounts are
generally best . ( Currently , credit unions as well as online banks offer
you better annual percentage rates than traditional brick-and-mortar
banks , though 1% is related to the best rate you can find . )

2. Create savings a necessity

There are actually five techniques with money . You may spend it , pay bad
debts with it , save it , invest it , or give it away . The order you choose makes a
tremendous difference .

With each and every dollar you obtain — when you spend any of it — decide on
giving a portion and then saving a portion . That’s a highly effective , biblical
approach to prioritizing your usage of money.
3. Create savings automatic
When you have to actually choose to save only 1 precious time — if you
begin an automatic month to month transfer from checking to savings —
that’s emotionally less difficult as compared to having to determine anew
whether to save each time you receive some money .

While the Bible isn’t precise about how significantly to always keep in
financial savings , the time is right to maintain a reserve huge sufficient to
handle some of life’s more challenging financial circumstances , like an
extended period of unemployment . Aim for stocking a contingency fund
with enough savings to cover three to six months’ worth of essential
overhead
 Chapter 4

Too much of a good thing

It could be prevalent for families to include inadequate in financial savings as

compared to an excessive amount , yet you will find some people who obtain
conserving too much . Be candid with your self . On earth do you speak you
bottom your own presentiment toward protection or perhaps happiness and
joy , at the least to a qualification , on the sum of money you have in hold ?
Choosing exactly where the line is drawn between prudent saving as well as
foolish hoarding is not quite so simply a matter of funds since it is simply a
matter of the cardiovascular system .

When you have an acceptable urgent capital , like half a dozen months’
quantity of vital overhead in a savings account , we recommend that you
change your focus from saving to making an investment , but that’s that you
may be influenced to overdo it and build bigger barns .

With the creepy headlines about many people not saving sufficient for their
afterwards decades , as well as with health care will cost you looming
because a fantastic not known , it’s an easy task to be attracted to the rest
that you may in no way include an excessive amount in your own retirement
living merchant accounts . Just like conserving inadequate could be
destructive , as a result will strengthening your own financial savings if this
gets a preoccupation that causes an overemphasis on frugality , also at the
expense of hassled relationships . If that talks about you ,on the next chapter i
recommended you another steps.
 Chapter 5

3 Steps i recommended

#1.Take this issue to the Lord

Ask for wisdom and greater faith in God’s provision and protection.
Read, reflect on, and memorize verses, such as Psalm 91:2 (“I will
say of the Lord, ‘He is my refuge and fortress, my God, in whom I
trust.’”).

#2.Seek accountability from a trusted friend

Ask your friend to pray for you, and give them permission to ask
how you’re doing in this area from time to time.

#3.Give serious thought to your future needs

Use the retirement planning software from SMI Advisory Services to
determine an appropriate amount for you to save for the future. Having
a personal financial plan that takes into account multiple possibilities
can relieve anxiety about the future. Ideally, the process will lead you to
a conservative target that provides peace of mind — one that ensures
you save enough but also protects against needlessly saving too much.
Such a plan can also allow you to be more generous.

Remember, it’s good stewardship to maintain a reserve of savings so

you’re prepared for many of life’s inevitable twists and turns. Biblical
wisdom says it’s foolish not to keep some money set aside but equally
foolish to let the good habit of saving money go too far.
 Chapter 6

Three Types of Savings Everyone Needs –

What Could Go Wrong?
In the course of a satisfying supper with my better half several good
buddies the further nighttime , I glanced beyond our living area by means
of the replacement windows in our cooking area as well as was shocked to
refer to the heavens switching ominously darker . It were a good looking
ride , yet really unexpectedly the temperatures altered .

That’s precisely how own life is , isn’t it ? Points can modify instantly , that
is why we must be equipped for the different monetary storms which often
come our means . The best way to prepare is to build three types of
savings .

1 – Emergency savings

So long as there are money online surveys , there are advices that
also handful of folks include a raining ride capital . Here’s the recent :
In accordance with Bankrate .com’s 2014 Financial Freedom
Directory , 50% of U .S . families include lower than several months’
quantity of costs reserve in financial savings .

Regardless of different writers’ efforts at creating this information

much more imaginative , tense , or perhaps attractive , the similar dull
instruction that’s recently been doled removed for decades
nonetheless applies : Nearly all families must have three-to-six
months’ quantity of vital overhead in hold . Smacking this objective
shields against the potential for employment damage as well as
contributes reassurance .build several forms of financial savings .
2 – Savings for periodic bills and expenses

Many people include costs or perhaps charges which often come owed
at some point in the course of the season , but is not always on a
monthly basis — 12 month term life high quality , semi-annual car
insurance policy charges , as well as Christmas season items to
designation several . Totaling up the once a year will cost you of every
such products , thin by a dozen , and immediately passing that sum
from examining to a different bank account monthly are able to do
amazing things for your hard earned money stream .

My think is the fact comparatively handful of individuals have these

kinds of a checking account .

3 – Savings to replace big-ticket items

It is probably the nearly all overlooked kind of financial savings .

Think about all of the the big-ticket products you own that can
one-day should be substituted : cars , home equipment , your own
roof , an air-con model or perhaps furnace .

It is an essential form of financial savings for all those folks who

will be gainfully utilized , as well as it’s specifically necessary for
people who are closed . MarketWatch highlighted this point in a
report with what retirement living calculators generally don’t
consist of : facility for huge upcoming buys .

Reserves include a big impact on your own strategies for upcoming

retirement living wasting . A retirement living strategy can not be best
, yet failing to create a quantitative financial plan accounting for
reserves will almost always lead to a financial debt burdened
retirement living .
 Chapter 7

Keys to Teaching Your Kids to Save

Of every the points a young child ( or perhaps we grownups , in that case )
are able to do with money , saving it may be the most boring . Spending , of
course , is fun . Investing and giving can be exciting as well . But saving
money is all about setting it aside for some other day — some time in the
future — while earning very little interest along the way . That’s a tough sell .

Don’t despair . You can turn your kids into savers by embracing three key
parental functions : the gatekeeper , the instructor , as well as the function
type . Along with the rewards from accomplishing this can move far beyond
whatever margin equity your children are able to build .

The gatekeeper
How will you secure the kids to save ? Make them . That doesn’t sound
really politically correct in our every-kid-gets-a-trophy age , but a wise
parent once pointed out that a family is not a democracy . There are
just a lot of things the kids should do . And also sure , because you
claimed as a result . Since a mom or dad , you have got the correct to
necessitate the kids to preserve a part of hardly any money they be
given .

You don’t must be serious passed on about it . Simply build it in as an

expectation as early as possible . Get them in the financial savings
habit having them use three jars or piggy banks . One is for giving ,
winches is for conserving , the other is made for wasting .

A very common frame-work is 10-10-80 , with 10% moving in the

supplying container , 10% in the conserving container , as well as 80%
for wasting . Obtaining these in the practice of supplying at the least
10% of every the funds they be given is acceptable . While they’re truly
youthful or perhaps obtaining very little allowance , getting these
preserve 10% is okay too .
 It won’t total really funds — nevertheless it can create the savings habit
as well as that’s the point .

Once they commence obtaining a more substantial allowance or

generating extra money , make it the rule that a larger portion ( perhaps
50% ) contains financial savings . Simultaneously , have them ever more
accountable for selected buys , like birthday celebration items for their
pals , non-essential apparel , and so forth .

Placing more and more acquiring responsibilities on our youngsters may

help these preserve much more diligently , teach them to create trade-
offs , as well as can help these grow to be wise shoppers as well .
Recently , our nine-year used was conserving for a LEGO group that
sells upwards of $100 . After many months of saving , he had enough
money to buy it . However he and then positioned a pre-owned model of
the group available for significantly less , arranged for a fair lower pricing
, as well as was glad to include funds left .

At any time the kids be given funds because a souvenir — possibly for
their birthday celebration or perhaps Xmas — be sure 50% or higher is in
the standard bank for ongoing savings’ targets , like school

The teacher
While you study Scripture with the kids , be sure to include the
Parable of the Talents ( Douglas twenty-five :14-30 ) as well as
Proverbs twenty-one :20 . Assist them to recognize that every thing
we now have is a souvenir from The lord . Sure , we bust your tail to
generate income , yet it’s The lord who offers us the power to obtain (
Deuteronomy 6-8 :17-18 ) . Given that The lord is the proprietor , we’re
stewards or perhaps administrators of His assets , as well as quite
commonplace in His administrative guidelines is always to preserve a
hold .

Come across an area standard bank or perhaps credit score

partnership that gives kids’ financial savings merchant accounts with
very cheap or perhaps simply no minimum amount quantities
demands .
 Seize the kids along when they include funds to first deposit . Owning
these first deposit genuine bucks and cents will make the act of saving
money very real .

Another useful approach to educate as well as encourage young

children to preserve is always to place them group precise targets as
well as set an image of just what they’re conserving for in close
proximity to their conserving container .

The role model

Because does work with instruction we’re wanting to educate our
youngsters , much more will likely be stuck as compared to shown .
Therefore , make sure you be a saver your self .

I like to recommend keeping several forms of financial savings , as

well as speaking about every one with the kids . The initially is a
contingency capital . Explain to the kids that we must always all of the
assume the unpredicted . Probably the most considerable monetary
contingencies can be the loss in employment . Clarify that you simply
always keep sufficient funds to covers the family’s vital overhead for
various many months ( if possible at the least half a dozen ) to
eliminate that likelihood . A monetary urgent to them might be the loss
in a pricey electric gadget .

An additional sort of financial savings is made for the substitute of big-

ticket products . Clarify that cars don’t survive once and for all as well
as it’s noticeably better to order cars with payment as compared to to
loan them , as a result you’re ( with any luck ) conserving to order your
following car with payment . Point out further pricey items that must be
substituted eventually — the roof area on your own home , the furnace
as well as ac unit , home equipment , and so forth . — and it’s prudent
to reserve funds in financial savings for all these things .
 For the kids , a motorbike that’s today too little should be substituted as
well as their financial savings might help afford the following mobile deal .

The lastly form of financial savings is made for the routine charges as well
as costs you need to pay eventually annually but is not always on a
monthly basis . Good examples consist of 12 month term life premium , a
semi-annual car insurance policy high quality , trips , Xmas items , etc . It’s
prudent to include one-twelfth of the once a year expense of all of the
these kinds of products on your own month to month funds also to copy
that sum into a separate bank account monthly . This way , whenever the
monthly bill or perhaps expenditure has to be paid out , funds could have
recently been strengthening for your function . For the kids , it will be
useful in the event that they reserve just a little funds frequently for Xmas
items they need to order or perhaps for products they could would like to
order on your following getaway .

Remember what it’s all about

By teaching our youngsters to preserve , we’re education these an

essential part of high-quality stewardship . We’re as well assisting them
nurture probably the most essential actor characteristics for a duration
existed properly : deferred entertainment .

You might have learned about a deferred entertainment research learning

performed in the 1960s at Stanford College . One by one , four-year-olds
were produced into an area with a researcher exactly where these folks
were provided their selection of snacks . These were and then advised
the researcher required to power an errand as well as although they
waited they may have mobile deal address straight away , or , in the
event that they might merely wait until the researcher went back , they
may include a couple of . Merely 30% of the young children might merely
wait the total 20 mins until the researcher went back .
 Many years afterwards , whenever the young children were in senior
high school , the scientists examined up to them as well as whatever
they found out was wonderful . The young children who understand how
to expect a greater bonus if they were preschoolers were encountering
lesser behavioral difficulties , getting a simpler precious time keeping
friendships , as well as evaluated a regular 210 areas increased on
their SATs as compared to the young children who couldn’t merely wait
. No surprise psychology professionals deem deferred entertainment
certainly one of the grasp rules for helpful dwelling .

It’s as well a basic part of dwelling a duration of trust . Since Christ-

followers , we’re shown that the supreme nourishing experience on this
planet are yet a little foretaste of what’s to are available in kingdom of
heaven . Since Rick Eldredge use it , it’s honoring to The almighty
whenever we “enjoy just what you can find today to get pleasure from ,
although ready with excited eager expectation for the food to appear .”
Put simply , experiencing kingdom of heaven in look at is the supreme
exposition of deferred entertainment .

Notice those piggy banks seated on a kids’ dresser ? They’re education

the kids some appropriate instruction concerning prudent funds control
— therefore far more .
 Chapter 8

8 simple ways to save money

At times the most difficult factor concerning conserving money is

merely getting a foothold . It may be tough to figure out simple
solutions to cut costs as well as the best way to use your own
savings to go after your own monetary targets . This detailed direct
to money-saving practices may help you cultivate a real looking
financial savings strategy .

#1.RECORD YOUR EXPENSES

he starting point to conserving money is always to learn

significantly you pay . Keep an eye on all of the your own
expenses—that indicates each and every espresso ,
newspapers as well as quick snack you get . Preferably , you
may bring each and every dime . After you have your own
computer data , manage the statistics by types , like fuel ,
foodstuff as well as mortgage loan , as well as overall every
sum . Think about making use of your own charge card or
perhaps financial institution statements to enable you to with
this particular . Should you financial institution on the web , even
though you are capable of filtration your own documents to
conveniently stop working your wasting .
#2.Make a budget

When you have an inkling of everything you invest in a couple of

weeks , you may begin to manage your own taped costs into a
tolerable funds . Your financial allowance must layout precisely
how your own costs muster up to your own income—so you may
strategy your own wasting as well as restrict spending too much
. Along with your own month to month costs , make sure you
take into account costs that take place frequently but is not on a
monthly basis , like automobile routine maintenance . Discover
more info concerning developing a spending plan .

#3Plan on saving

Given that you’ve produced a spending plan , generate a financial

savings classification within it . Make sure to stored 10–15 percentage
of your revenue because financial savings . In the event that your costs
are extremely great that you simply can’t preserve very much , it would
be time and energy to reduce spending . To do this , determine non-
essentials that you may spare on , like night-life as well as eating
removed . We’ve create tips for conserving money daily in addition to
reducing on your own repaired month to month costs .

Suggestion : Thinking about financial savings a frequent expenditure ,

just like foodstuff , is a superb approach to enhance high-quality
financial savings practices
 #4Choose something to save for

The most effective tips on how to cut costs is always to group a

target . Begin by thinking about everything you have to preserve for
—anything from a partial payment for a property to a vacation—
then learn extended it could obtain one to preserve for the work .
You should try help out determining one time frame , try out
Financial institution of America’s financial savings quest calculator .

Listed here are examples of short- as well as ongoing targets :

Temporary ( 1–3 decades )

Crisis capital ( 3–9 many months of overhead , in case )

Holiday
Deposit for a car
Lasting ( 4+ decades )

Retirement*
The child’s education*
Down payment on a property or perhaps a upgrading venture
*If you’re conserving for retirement living or perhaps your own
child’s schooling , deem setting that funds into an asset
consideration such as an IRA or perhaps a 529 strategy . Whilst
savings include hazards and can drop funds , in addition they
generate the chance of compounded income if you intend for a
giveaway event significantly beforehand . A lot more particulars in
action Absolutely no . a half dozen below .
 #5Decide on your priorities

After your own costs as well as revenue , your ultimate goal

will likely include the most important influence on how we cut
costs . Be sure to remember long-term goals—it’s important
that planning for retirement living doesn’t obtain a spine seats
to shorter-term requires . Prioritizing targets can present you
with a transparent thought of where you can commence saving
. For example , if you know you’re going to need to upgrade
your vehicle in the next generation , you might commence
setting funds away for starters .

#6Pick the right tools

When you’re conserving for near-term targets , deem making use of

these kinds of FDIC-insured first deposit merchant accounts :

Bank
Document of first deposit ( Compact disk ) , which fastens in your hard
earned money at a certain interest for a certain time frame

Find out more about Bank of The United States financial savings
merchant accounts .

For ongoing targets deem :

FDIC-insured person retirement living merchant accounts ( IRAs ) , that

happen to be tax-efficient financial savings merchant accounts
Securities like equities or perhaps shared revenue . These types of
expense goods are on the market by means of expense merchant
accounts with a broker-dealer . Remember that securities , like equities
as well as shared revenue , are not covered with insurance by the FDIC
, are not accumulation or perhaps further commitments of a standard
bank and are not guaranteed by a bank , and are subject to expense
hazards , as well as the achievable loss in primary expense .
 #7Make saving automatic

Virtually all banks provide you with self-regulating gives between

your own examining as well as financial savings merchant accounts .
You can choose whenever , the amount of as well as where you can
transfer money to , or perhaps split your direct deposit between your
examining and savings merchant accounts . Automated gives are a
great way to cut costs since you don’t have to think about it but it
normally lessens the provocation to invest the funds as an
alternative .

#8What yours savings grow

Look at your own improvement on a monthly basis . Not just can this
enable you to follow your own personal financial savings strategy
nevertheless it will also help you determine as well as resolve
difficulties instantly . These types of easy solutions to cut costs could
even motivate one to preserve much more as well as smack your
ultimate goal more quickly .
 Conclusion

Why save money?

do you ask it to your self?
Why I should save money?

Someone recently asked me “Why focus on saving money?

Shouldn’t people aim to make more to fit their lifestyle instead?”

In other words, “If I want to spend $100,000 a year, I have to find a

way to make $101,000… Right?”

Wrong. We now know that way of thinking is outdated .

You can’t blame people for believing that though. A generation or

two ago, they didn’t have all the resources we have today.

But, now we know better.

What do we know? Among other things, we know net worth matters

more than income.

Your true goal is to know how much you spend every year, and
multiply that number by 25. Whatever that amount is, once you
have it, you’ll never have to work for money again.

There are two steps to reach that amount, making money and
saving money. Here, we focus on both.
 Of course, the more money you make, the faster you’ll reach that
amount (and we’ll talk about making more money later this year).

However, not everyone can make more (well, not everyone wants to/
can put in the work to make more).

On the other hand, everyone (I repeat, EVERYONE) can save more.

In fact, it’s the easiest way to become a millionaire.

How much you save will define how early you retire. If you save 5%
of your income, you’ll retire in 66 years. If you save 75%, you’ll retire
in 7 years.

Saving money is as much a mindset as it is a set of specific actions. Once

you start “thinking lean,” you’ll see many opportunities to get creative and
cut your expenditures.

As you go forward, remind yourself to question everything and think

creatively. Break the habits that include the words “but we ALWAYS do
that.” If you always eat at a specific restaurant or order the largest soda
and popcorn at the movies, are those choices as cost effective as they
should be?Nothing is written in stone. Well, actually, some things are
written in stone, but even those things can be chiseled out and changed.
You’ll find there are many ways that you can change even the most
ingrained habits to have a positive impact on your budget.

While this report is far from exhaustive, I hope it’s given you a starting
place where you can begin making changes right now.

Godbless to you on your money-saving journey.