Personal Money Saving Tips Learned from the Story of the Prodigal Son

Money has always been a topic of great debate especially when it comes to spending and savings. Jesus’s once told a parable of a son, who approached his father asking for his share of his inheritance. Having been granted his request, the son packed his belongings and went to a faraway land and squandered his money. Upon releasing his mistake, the son goes back to his father and begs for forgiveness which the father gladly gives him when he is overcome with Joy at the reunion with his son. This parable tackles a number of issues and different personalities. We can also incorporate a few personal money saving tips learned from the story of the prodigal son into our individual lives. Below we shall discuss some of those tips worthy of consideration:

1. Leaving security for supposedly greener pastures

One of the first things we can learn in this story is that the grass is not always greener on the other side. Upon getting his money, the son leaves his comfort zone and secure base, only to discover that life can be harsh in unfamiliar settings. Sometimes people need to realize that where they are in life is worth being grateful over and contentment is the first step to financial happiness plus security.

2. Spending everything on temporary gains

The second money saving tip that can be learned from the parable is about frugality. In life, it is easy to become taken into the lifestyle of flash and glam, which comes with it a hefty sum to be paid in order to be maintained. Fragility is an essential part of saving money and it simply means spending money on things/items that are useful to yourself and others. Spend on what always has a benefit, especially long term.

3. Those spending money with you are seldom present when the money runs dry

The third tip we learn is also a lesson in the judging of character, especially with those closest to us. Every dog has its day is a very popular saying and it demonstrates that we all need assistance sometimes as well as we also need to assist others. The parable talks of the son spending money with different people but later shows that once the money was done, so were the ‘friendships’. Surround yourself with people who not only wish you well but can also be there to advise you when things are not alright, in times of heavy spending for instance.

4. Wealth even in excess can vanish if misused

Fourthly, we can learn from the parable that wealth if mismanaged becomes a temporary thing. Upon getting his inheritance, the large sum offered the son freedom to do whatever he chose. This freedom often blinds people in realizing that even a small hole can sink a great ship. Thus manage the small amounts so that you can also manage the larger amounts.

5. Redemption through the father

Lastly and probably the most important lesson is the love of the father. This teaches us that even when you have not been a good steward with your wealth, God is always ready to love and forgive us. This reminds us that regardless of your situation or money habits, the father is our true source for everything and there is always a redemption and way back.

As stated above, the parable has a lot of life lessons and applications as well different viewpoints to learn from. These are some of the money saving tips that individuals can learn and apply to their personal life.


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How Positive and Successful People Help to Attain Financial Freedom

Positive mentors give positive vibes.

Positive vibes lead to positive mental and emotional well-being.

Positive Mindset creates positive course of action.

How positive and successful people help to attain financial freedom greatly affects your dreams, your vision, your plans and your actions.

When you surround yourself with positive and successful people and mentors so as to achieve financial freedom helps in many ways such as:

It is important to associate with people who have attained financial freedom and those seeking to have financial freedom so as to learn valuable information and skills that you didn’t have. This helps you to get an idea on what path to follow so as to be successful in achieving financial freedom.

A good mentor will give you some guidelines on what to look out for in terms of obstacles and what to do to overcome them. This is because no problems lack solutions and the mentors will help you solve them.

Positive and successful people impart a sense of hope that financial freedom is achievable. They encourage one to follow in their footsteps and follow the path they used to be where they are. They ensure that no negative thoughts cross your mind that might end up discouraging you in your journey to financial freedom.


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How to Trust God for Your Finances

God wants us to enjoy a full, abundant life free from stresses and cares that money and other material possession bring.

How to trust God for your finances? Read on.

Everything that we have belongs to God and he has made us temporary stewards of his property, God can give and take as he wishes.

Many people want financial freedom; however, it becomes difficult for many because they fail to understand that God is rich and he shall fill our stores in abundance.

It is commandment that we give God tithe and other offerings, by doing this we trust God with our finances; God can never fail anyone and will supply you according to his riches in heaven.

Be a cheerful giver

Trusting God for financial freedom requires faith and giving with your whole heart, God rewards a cheerful giver and this is why trusting that he will empower you financially begins with giving.

There is a story of a woman who gave one-cent and it was explained that the motive behind the giving is what plays a crucial role in achieving our goals.

The changing economic conditions has left many people worried such that they have forgotten the scriptures which teaches them to trust in God and he shall meet all your needs according to his riches in heaven.

Great Faith

God says trust in me and whatever you shall ask will be given to you, it is imperative that people have faith and trust in God and God will meet their financial needs.


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Money Saving Tips for the Average OFW

Money Saving Tips for the Average OFW

Working abroad, you may already be earning a 5- or 6-digit wage you may otherwise not attain working in your home country. Maybe even more depending on how well you do at your job.

But money, is an ever-finite thing even for people who earn a good amount that give them good living. In other words, money, regardless of the amount, reduces in size over time, likely as a result of spending or resulting from something as indirect as an inflation.

Yet, money is something that also has the potential to grow and thus not lose value over time.

If you are an OFW (Overseas Filipino Worker) and is struggling to keep your money for longer, the following are the methods you can resort to instead in order to save on some of your hard-earned monies:

Avoid developing or refrain from giving in to your vices

Working hard is good. But it is not an excuse to give in to vices to compensate for your hard work. If you are the type of person who splurge on vices after a hard day’s work, you will soon find out that the sum amount of money you spend on your vices takes a good portion of your daily wage than you would have otherwise.

If you are not yet into vices, do not develop a habit of any of it. If you do, refrain from it overall while you can.

Money talk with the family

If you find work to be hard and earning its wage equally the same, you can always lighten out the load by informing the family of the reality of your condition abroad.
This means bringing into light the idea that you are not a money-making machine they may see you are to be. When put in the perspective of expenses, teach them how to be wise spenders, not lavish ones.

Live within or below your means

If you know your wage is just enough to sustain you and your family’s needs by spending wisely, do not go overboard and spend more than you usually do that get you and the family by. Skip the unnecessary wants and stick to what are just important or spend only in wants if budget allows it so.

Have your own financial goals

Money can be a slippery thing if you do not have a goal about it. There are instances out there where you are likely to spend even on unneeded things. Without financial goals, you are more than likely to fall prey to this kind of whim. Start with a goal so small, it is attainable and then develop more goals over time until you could meet all of them. Better yet, develop a long-term financial goal you know you would thank your future self for.

Develop a habit a saving

Many fall to the trap on the idea that as long as they are employed, they will be 100% okay with finances. While this may be true during employment, not every people are in that same situation at every point in their life. Others—maybe due to contractualization or other factors—find it difficult to maintain a stable job and therefore have a stable means of income. Save some money while you are employed and not spend all of them.

At a time of many uncertainties—especially in finances—it pays to be both a practical spender and saver of money. It is better that you restrict yourself of your wants from here and there and be financially secure later on than come to a sudden awakening that what you have been doing with your money is bad for you in the future all along.



Simple Money Rules That Will Change Your Life

Simple Money Rules That Will Change Your Life

If you are accomplished, smart, intelligent but still embarrassed on how often you mismanage your finances, you are not alone. We have all made mistakes about money, specifically on how we spend or save it. All you need to do is to understand more about your finances and how best you can handle it. Fortunately, the principles for proper money management can be summarized into just 7 simple rules. Read on to find out how these rules can help you stay on course if you want to achieve financial success.

Rule One: Spend Less Than You Earn

Spending more money than you earn is one of the quickest way to accumulate debts. If you want to stay out of debts and accumulate your wealth, all you need is to practice this rule-Just spending less than you earn. Looking at the cost of living, some people will tell you that it is not possible. But believe me it is possible. One of the practical ways to spend less than you earn is to lower your spending on non essential things.

Rule Two: Save For the Future

Have you ever wondered about the possibility of you and your employer parting ways for whatever reasons? Think of retrenchment, company collapsing, economic crises or death. This is the time you wished that you had some stuck of money somewhere in the bank. I’m not saying that you worry about your future, but you plan for the future. Look ahead to the future and make sure you have set aside some few coins. One rule of thumb here is regularly saving 10 percent of your income for the future.

Rule Three: Give Some Away

This rule may sound awkward but giving part of your income away quiets your desires. I’m not saying that desires are bad. In my previous article about the “Positive Beliefs and Attitudes about Money,” I highlighted the reasons why desires can’t be satisfied. Giving away knocks down the life of greed and releasing the thing that has the power to destroy you.

Rule Four: Anticipate Your Irregular Expenses

You should create a list of regular expenses to assist you plan ahead accordingly. Add up your daily expenses to help you come up with total monthly expenses. From the total monthly expenses, deduct the total amount of your monthly income. This will help you know how much you are remaining with or which expenses you need to deduct in order to remain with some money to save as described in rule two.

Rule Five: Tell Your Money Where to Go

You should create a spending plan, detailing out the expected expenditure of any income that you are planning to get. A spending plan acts as a blueprint or roadmap for your dreams. It shows you where you are, what you want to go, how to get there and at what timeframe. In the simplest form, it is a sheet of paper showing the amount of money for the coming month and what you expect to do with every dollar.

Rule Six: Manage Your Credit

If you didn’t know, credit rating play an important role as far as your financial health is concerned. You should therefore manage your credit in order to achieve high level of credit worthiness. It is your own responsibility to maintain an excellent credit score and not your lenders or creditors. If you manage your credit properly, you will be able to set aside some money for the purpose of saving.

Rule Seven: Borrow Only What You Know You Can Repay

Borrowing is not bad at all. Financial gurus will tell you that borrowing is an essential financial tool that can improve your life if you manage it intelligently. Don’t borrow just because somebody is willing to lend you the amount you need. First, determine whether you will be able to raise some money to repay the amount borrowed and you remain with 10 percent for saving.

Whether you are rich or poor, obeying these rules is the perfect thing you can do. You will be able to adopt new habits of spending and saving money no matter how much you are making or earning. Always remember to keep a record about your progress to know exactly where you are as far as your financial road map is concerned.

READ MORE: Healthy Attitudes and Beliefs Towards Money

Positive Beliefs and Attitudes about Money

Positive Beliefs and Attitudes about Money

To understand various positive beliefs and attitudes about money, we must first understand what the bible and other spiritual books say about our finances, giving and debts. As we all know, the bible is one of the greatest source of knowledge and wisdom. It is also one of the spiritual contexts where we establish our beliefs and attitudes. So it can’t be ignored.
If you are one of the ardent readers of the bible, you might be surprised to find out that there are more than 2,000 verses that talk about money. This is not a coincidence. God wants us to be wise stewards of the resources he has given us. He himself invented money and put it to be an important part of our life. So, we should have positive beliefs and attitudes about it.
Read on to find out some of the positive beliefs and attitudes about money.

Money is a medium of exchange

Money is an important tool which is used as a medium of exchange. Without it, we would have continued with the barter system which is full of inconveniences. Imagine of a situation where we trade using our bulky goods for services. It could have been very hectic.
Therefore, as an independent tool, we shouldn’t attach our emotions to it. We are not supposed to love or hate it, worry too much about losing it or be fearful that we don’t have enough of it. We should be comfortable when handling money, not become careless or anxious about it. We should keep it as a medium of exchange and not throw it away. It should take its place in our lives not in our hearts or mind. In a nutshell, it should be a tool with which we get our daily bread and serve God.

There is no power in money

We were not to associate money with power. Money itself is a paper without power of its own. It is like computer software which comes without inherent ability. The trust is that no matter how technologically advanced, how learned, how modern or technically capable we are, any tool used contrary to its intended purpose will always produce undesirable results. And money is one of them.

Money is lifeless

Money does not speak, walk, sleep or eat. It is a lifeless and neutral commodity. It is what we do with it that counts. God gave us the mandate to be wise stewards of money. If we fail to manage it positively, it is a reflection that we have failed and disobeyed God. He puts it clear in the bible that we shouldn’t worry about where money will come from. If you thought that bonuses, pensions, real estate income or unemployment checks are some of the sources our income, then you are damn wrong. They are simply the channels through which God delivers it into our lives.
The bible puts it clearly that God is the source of all earthly resources including money. It is him who has given professors knowledge and skills to teach. We should keep in mind that jobs may come and go, real estate businesses may collapse, stock market may crash, but the source of money will be the same today, tomorrow and forever. We are only required to be faithful and trustworthy stewards.

Money brings happiness

This is the common phrase out there. I’m sure you are used it severally or heard some people applying it on their conversation. But this phrase has a deeper meaning. Each of us has a body, spirit and ego. Our egos wonder every day to search for happiness. On the other hand, our souls long for contentment.
Having an ego is not a bad thing. It defines our personality, feeling and thinking. It is responsible for our personal tastes, style and preferences. It also produces desires and emotions. If your ego is making you have bad desires, thoughts, actions or emotions, you will need to face it. Know that once you satisfy any desire be it bad or good, they don’t remain satisfied. You become happy but your happiness does not remain forever.
Yes, money brings us happiness but you must find the way to achieve happiness no matter our financial situation.

Inner contentment

Once you come into terms that satisfying desires does not bring lasting happiness, you can stop hoping to find contentment in money and properties. You will also know the difference between deep-seated contentment and momentary pleasure. That way, your life will change to the better.

Simple Money Rules That Will Change Your Life


Rule One: Borrow Only What You Know You Can Repay

Rule Two: Spend Less Than You Earn

Rule Three: Anticipate Your Irregular Expenses

Rule Four: Tell Your Money Where to Go

Rule Five: Manage Your Credit

Rule Six: Give Some Away

Rule Seven: Save For the Future

Always keep in mind that these rules are not based on emotions nor are they seasonal. They work for those who struggle to survive on a meager income and those who have millions of it in the bank.


Top 3 Recipes to Achieve Financial Freedom

All of us have a desire to gain financial freedom. Being able to make money, spend it, and still have some left is something that most people are struggling to grasp. The big question is: What are the recipes to achieve financial freedom? What exactly does one need to do when it comes to putting their finances in order? Several articles have been written on how to become rich, what to do to make more money, and other items along that line. However, not many articles have explored the journey inside – as in, what you need to do with your mind before you set out to achieve your goals. If you want to get to your financial destination, you should try using this guide:

1. Have the Right Mindset
The need to put your mind towards achieving your goals cannot be emphasized enough. It all starts inside you. Think about what you want to achieve and internalize it. Your mindset has to be that of the rich. You have to start thinking differently, and even doing your things like someone who is rich. You cannot have financial freedom if your thoughts still revolve around financial poverty. You must be asking yourself what thinking like the rich entails. Well, it is simple: they look for opportunities everywhere, and use these opportunities to create assets and become rich. Isn’t that doable?

Everyone can become rich if only they purpose to do things that can propel them towards the direction of their dreams. Look around you, and think deeply. What are some of the opportunities you can see? Start thinking about how you can channel these opportunities into money making deals. You have all it takes to be rich – if only you have the courage to use the opportunities around you to create wealth.

2. Seek Knowledge About How To Be Rich
Like the old adage goes: Knowledge is power. One of the greatest recipes to achieve financial freedom is to seek knowledge on the subject. Know what it takes to be rich, and what you can do to make your dreams become reality. To achieve this, hang around people who have mastered the art of financial freedom, and learn from them. Talk to them and let them share some wisdom with you. Ask the right questions and show interest.

Additionally, you should look for articles and books that give details on what you need to know about financial freedom. Getting knowledge will enrich you intellectually, and prepare you for take off. You will be able to turn opportunities into assets when you have the right knowledge on how to go about it.

Remember that financial literacy is not restricted to academic knowledge. It involves how to execute profitable business ideas, how to spend money and save some, how to invest what you earn so that you can continue building your finances, and basically, how to be financially disciplined.

3. Ready – Action!
If you have the right mindset, and you have also acquired the knowledge you need, then it is time to out everything into action. This is perhaps the most important part. If you do not put your thoughts and knowledge into action, then you are nothing but a dreamer. You must apply the lessons you have learned into action.

Create a plan and start implementing it. Ask yourself what exactly you want to do, and how you are going to go about it. From there, start working on the plans. Step by step, as long as you are moving forward. In no time, you will realize that your dream of getting financial freedom is turning into a reality. The right actions equal power! Do not let anything stop you.

Basically, there are no ‘hidden secrets’ on how to be rich. Quit trying to find that one thing that will automatically make you rich. You will end up feeling frustrated if you think that it is as simple as most articles have made you think. There are no secrets, but there are recipes that can help you attain financial freedom.

It takes having the right mindset, getting enough knowledge and springing into action to get there. It may not be very easy, especially if you lack the determination and self drive needed. You need to train yourself, and be your own cheerleader even when things do not seem to be moving as fast as you would wish. Once you have internalized the recipes, you will be able to achieve your goals.