Day 14- 7 Mistakes We Make In Our Finances
Pastor Mike Sanders
More than one million households declare bankruptcy each
year. More people now go bankrupt each year in America than
graduate from colleges and universities. The U. S. census bureau
says, “Over 62% of Americans retire on annual incomes below
$10,000.” The Wall Street Journal reports, “Nearly 70% of all
consumers live from paycheck to paycheck…”
These stats remind us that many people make too many
mistakes with money. David Thoreau once observed, “Almost
any man knows how to earn money, but not one in a million
knows how to spend it.”
What kind of mistakes do we make in finances?
1. Trying to get rich quick (Proverbs 28:20 KJV) “A faithful man
shall abound with blessings: but he that maketh haste to be rich
shall not be innocent.”
2. Not living within your means. Ninety percent of people in
our culture buy things they can’t afford. (Proverbs 21:20 KJV)
“There is treasure to be desired and oil in the dwelling of the
wise; but a foolish man spendeth it up.”
3. No communication about money. Numerous studies
confirm that money is the leading cause of divorce today.
4. Impulse buying. (Proverbs 14:29 KJV) “He that is slow to
wrath is of great understanding: but he that is hasty of spirit
exalteth folly.”
5. Getting into too much debt. (Psalms 37:21 KJV) “The wicked
borroweth, and payeth not again: but the righteous sheweth
mercy, and giveth.”
6. Refusing to budget. (Proverbs 27:23 KJV) “Be thou diligent
to know the state of thy flocks, and look well to thy herds.”
7. Failing to save for the future. (Proverbs 6:6-11 KJV)