Wednesday, July 30, 2008

Avoid Financial Crisis in Your Home

As the administrator of your home, it is very important that you as a woman equip yourself with relevant financial management knowledge to guide against this crisis in your home.
As a woman of purpose, you are expected to posses all the qualities of a Virtuous woman as recorded in Pro. 31:10 -25 who can find a virtuous woman? For her price is far above rubies. The heart of her husband doth safely trust in her, so that he shall have no need of spoil… The price of a virtuous woman who can manage the finances of her home is far higher than any price you can name.

The word of God said in 1 Tim 6:10 for the love of money is the root of all evil….. I like to also let you know that the absent of money in the home can be the beginning of all evil, hence it is very important as a woman to know how to manage your finances to prevent lack in the home. To completely eliminate this crisis from your home there is need for Budgeting.

Lk. 14:28-29. For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he has sufficient to finish it? Lest haply, after he hath laid the foundation, and is not able to finish it, all that behold it begin to mock him. As the woman of the home it is expected of you to always do a through budgeting before embarking on any spending adventure. Budgeting helps guide against unnecessary spending that may lead to lack of sufficient fund to run the home. Please take note of the following points:

There is need for proper budgeting. Pressure and materialism can makes women to spend far beyond what their spendable income can afford them. As a virtuous woman, you must sit down to determine how much you will spend from your monthly, quarterly or yearly income. Every money made by you and your husband is not just meant for spending, so don’t live above your income, if you do, crisis and debts are the end result. Budgeting is born out of the fact that our wants are insatiable, so, spend less than you earn.

Must have a savings mentality. This enables you to keep aside part of the income, and it also guides you against impulse buying. i.e. buying whatever comes your way. In most cases what you have being able to save from your income helps fight against financial crisis.

Investment. As a virtuous and purpose woman, you must understand what investment is all about. The period of investment is the time you allow your money to work for you. The profit from your investment has a big role to play as touching fighting against financial crisis in the home. What you have saved can be transferred into investment. You can invest in stocks, real estate, buying of properties, land etc.

No marriage can experience true love, peace and happiness if there is lack and want in the home and no husband will be happy seeing his wife not able to manage the finances of the home. Woman why not learn the secrets of that woman the bible talks about in Prov. 31:10-31 and make your home happy. God bless you.

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