money

I want to talk to you tonight on the things it takes to save money. I have seen so many people make so many money mistakes that just make me so mad and they say they are broke when they ought to have cash saved up. I thought about giving cash to my family but I think that I rather not because they need to learn how to keep it for themselves and be able to save it. So here is advice for them if they take it 5 years from now the money they will have will be good.

1 Cut of your kids at 18. I think this is important for parents. If you are 18 you work. Mommy and addy are no longer able to afford to feed you. If you go to school fine but you need a job and to begin to work and save your money. If you place 100 a month in a account at this age you will have tons later, If parents do not cut the kid off you are just not helping the kid to learn. If you live at home you need to learn to pay out rent if you work. About 1/3 of you make goes to your parents and rent. This is life and not to charge the rent is not right.

2 Save 20 percent of your income. If you do not have it your not going to make it. If you save this you will make it and it will add up. Not a option not to do this in my mind, People who do not save and then lose the job are not taking catr of themselves and are really stupid. Start today and put it in the bank. Everyone needs this and you need to adjust spending for this.

3 No gambling of any kind until you have at least 2000 saved up and really you need 6 months of income in the bank. No lotto no slots no casiano no card nothing. If you gamble you lose this and you will not save anything. If your broke you got no money whatsoever to spend on bingo you need to save cash.

4 live in your means,. NO cards. Burn them because they kill any hope you got. Spend cash you got because the credit is going to be stupid cause you are wasting cash. Fees are killers. Pay off your cards right now if you can and pay off your home faster if you can. If you got a loan pay it off and save interest.

5 Rent only if you cant get a home. Homes bujild money up and you can use it later for stuff.

6 Buy in cash. Save for your cash and buy things and save the interest, Pay this way then you save more and it pays off. Cash that works for you is good. Saveing is working for you credit is working to eat you.

7 Lump sums are killers if not used right. Use them to build up not tear down. DO NOT SPEND LUMP SUMS. Use them to set up a plan and build a account on them. I GOT some in the past and blew them. I think the key is to set 90 percent into a account and then use the saving plan of 50 a week. If you make 200 put 50 to 100 away.

8 No borrowing money we pay cash.

9 Give to Jesus a amount you and him set up. Give and it shal be given to you. Give to spread the Lords words. God owns it all. Give him all u can and love him. Build your account in his place