Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
The importance of saving money Essay
The importance of saving money Essay
Short note on proper money management
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: The importance of saving money Essay
I chose to study more about financial stewardship. This is important because we need to know as God’s people some ways to manage the money that God has given us to use and also how we can go about being financially sound without going into debt. For example, if you look at Matthew 18: 21-35 we see the famous parable that Jesus uses to teach about debt. In this story, Jesus teaches about forgiveness. If you take this parable deeper, Jesus is teaching about debt and using your money wisely.
A servant has borrowed money from his master. The master wants the money to be paid back. The servant could not pay back all that he owed to his master. The master was going to sell him and his family off so that the payment could be made. The servant asked for the master to give him some time and he would pay back everything tat he owed. The master released the servant and forgave the debt that he had. That same servant went out to one of his fellow servants who owed him less money. The servant who had the large sum of money forgiven wanted this other servant to pay all the money back. He was not about to forgive this fellow servant his debt. The master of the first servant found out about this and he was greatly disappointed with the servant. He had the servant thrown into jail because he could not forgive one who owed less.
This story shows how God views debt. If you are forgiven of one thing and someone owes you and they cannot repay, then it is your duty as a Christian to forgive the debt. If you do not forgive every one of your brothers with all of your heart, then God will “throw you in jail.” There are a few additional places in the bible where it talks about debt and “financial stewardship.” There is an important point that is made rep...
... middle of paper ...
...work. Additionally, in the parable of the ten talents we learn a little about God’s view for Christians on debt.
As a result of this project, I have learned that money is something that God gave us. It is not meant for us to waste, but is meant to bring glory to the name of God. We need to use the money that he has given us in a way that is pleasing to him. Some things that I would suggest as a result of this project is sitting down and looking at all the options you have for living and for a vehicle. Additionally, pray about what you want to buy. Don’t just go out to buy something that you think you may want, go out and buy something that will benefit the kingdom of God here on earth. The bible has a lot to say about how God wants us to use our money wisely. I have just enough information to analyze what God wants me to do and to be a financially sound Christian.
Dorothy L. Sayers defines a Christian’s work as a “...natural exercise and function of man- the creature who is made in the image of his Creator” (Sayers 194). Sayers summarizes her view on work by saying, “...it is the duty of the Church to see to it that the work serves God, and that the worker serves the work” (Sayers 198). Sayers finds the duty of work to rest not only with the Christian, but also with the church.
Dave suggests saving 15% of your income, and putting it in a mutual fund to acquire compound interest. This step is extremely important, if we don’t invest in our future; we wont have anything at all when we need it the most. In One For the Money step 11 discusses the importance of saving for retirement, and of utilizing a wise investment program. Self-reliance is heavily emphasized in our church, it is so important to be able to stand on our own two feet. Saving for retirement isn’t something that I have put much thought in. I’ve had the attitude that I am still young and have plenty of time to take of that later; reading this book has really helped to change my mindset about money, and investing for my
Another trait that is displayed by the Pardoner and a character in his tale is hypocrisy. Although the Pardoner is extremely greedy, he continues to try and teach that "Avarice is the root of all evil" (6). The characters in his tale display great hypocrisy as well. As the tale begins, the friends all act very trustworthy and faithful towards all of their friends. They nobly make a decision to risk their lives while trying to slay their friend's murderer. As they talk about their challenge, they pledge "to live and die each of them for the other, / As if he were his own blood brother" (241-242). At the end of the tale, the "brothers" begin to reveal their true nature. They all turn on each other in an attempt to steal the treasure for themselves.
The story from the Bible is not intended to persuade people to stay poor but to uphold the loyalty to God. (The Straight Dope) However, it can be reflected in a different perspective that the reluctance to give up the great possessions exist from the early history of human and all wealth except for labor-made possession is kind of theft because it more or less deprive manual workers of labor and free time which can be used to produce wealth. Moreover, the distribution of wealth is unfair from the emergency of surplus property. Therefore, there is an assumption that property is a kind of theft. (Proudhon, 1840)
For this wicked custom has so taken root everywhere among those who bear the Christian name, and this pernicious doctrine is everywhere so settled and established as though by public law, that men purposely bring up their children even from the cradle with excessive carelessness and laxity. (Celano, 1:1, http://www.indiana.edu/~dmdhist/francis.htm) These opening lines show just how much opulence (and by opulence the means to gain it wealth) were important to people of the era. That like now, the idea of too much money can lead to the idea of sloth and other poor morals. Another important phrase that connects the importance of money/wealth to the period is the idea of the “Hidden Treasure” that Francis speaks of when discussing the kingdom of heaven. (Celano, 3:7-8, http://www.indiana.edu/~dmdhist/francis.htm) In likening the kingdom of heaven to something as material and with such high monetary value as gold it
Where there is faith, there is love. Where there is love, there is God. The apostle Paul in his letter to the Romans wrote that we have an obligation to meet all of our obligations. All debt, be they civil or financial, require that we act responsibly. Monetary debts incurred from borrowing, purchasing, contractual agreements, or commercial exchanges, although they cannot be wholly avoided in
I mean to have money, wool and cheese and wheat though it were given me by the poorest lad or poorest village widow, though she has a string starving children…” ( Line 44-47, Page 168) . The pardone here tell the reader how greedy he and how he does not care where his money or food come from all he care about is that he has money and food. Yet after what the pardoner say that he teacher his audience and the reader not to greedy. “ Why make a sermon of it? why waste breath? exactly in the way they’d planned his death they fell on him and slew him, two to one… He took a bottle full of poison up and drank; and his companion, nothing loth, drank from it also, and they perished both.” (Line 280-289, Page 175). The Pardoner’s tale is teaching the readers about not being greedy by telling a story about what money and greediness can do when it comes between people, they can kill each other for it. Like the three men who were planning on kill the youngest of them so they can have the money divided on the both of the only, while the youngest man was getting poison to kill the two of them so he can have all they money for
I believe Life is a gift and a responsibility to gain from society and gives it back all the good things we learn from our surroundings and our community we live in. Finance Management in an effective way is required for self and for the society. I believe a successful management of finances is interlinked to oneself and the surrounding society which we live. To improve upon the effective management of my finances I discovered my monthly income than I checked upon my monthly expenses on f...
During a church service, the question came up about what happened if you couldn't tithe; the pastor explained that he would actually keep a record of the times he missed and try to pay it back in full. I couldn't believe this, much less find this reasoning in the Bible. That the God who is merciful but just would lay a burden of debt on us simply because we didn't have the money to give to the church that week? That seems to be a little ri...
Much of scripture speaks to the issues of money and taking up cause for the poor, who are among the most vulnerable in society. The Old Testament has a key theme of protecting the powerless. The powerless in biblical times were often the most financially vulnerable within society, yet God cares for them. Kyle Fedler explains that God’s favoritism seems to rest with the poor and oppressed, and to reject those members of the community, is to reject the God that so deeply loves them. Within our society we often show our favoritism not to the poor, but to the wealthy. Our society runs off of individualism. That individualism blinds us to the needs of
... degree in accounting. I think that family members have also been a big influence on my decision to pursue a career in the business of accounting. Accounting is something that I have come to enjoy and seem to know a great deal about and like to continue learning and doing.
Personal financial planning is important because it helps you prepare financially for the future. My first short-term financial goal is to have an 8-month emergency savings account. This class helped me understand the important steps needed to achieve my financial goals. “Successful financial planning requires specific goals combined with spending, saving, investing, and borrowing strategies based on your personal situation and various social and economic factors, especially inflation and interest rates” (Kapoor, Dlabay & Hughes, 2012). First I evaluated my spending habits. This allowed me to see where I was
“He must not take many wive,s or his heart will be led astray. He must not accumulate large amounts of silver and gold.” ( Duet. 17:17 KJV)
Money is essential for our everyday lives and people have to face choosing whether to save up or spend their money. Of course earning our money can difficult considering that it is a necessary asset that affects every aspect of our life. Every day we see people working hard to earn as much money as the can. However how they use using the all the money earned is a frequently debated topic have seen many people who earn money and can no restrict themselves from spending .They usually act like wild animals fighting for food and being separating from the delusions of business. People are usually confused and frustrated by the amount money the use in a week without knowing that their daily impulse buying objects have piled up. Although it can be very hard to control there are many easy steps to stay away y from spending and instead saying up. Setting a goal, recording the amount you spend and even lowering your expenses can be small steps that will lead to great success in saving for the future