SAVING TO PROSPER

We thank God For Today’s Ministration. It was Amazing!!!

Theme: Power to get Wealth

Topic: Saving to Prosper

Text: Deut 8:18.

Speaker: Mrs Ada Udechuckwu.

Saving is income not spent, or deferred consumption.  

In the active period of our life, We must keep something for the future , Even as Ant that are not strong but prepare for summer by working diligently to accumulate as much food as possible (Proverb 30:25). The following scriptural texts enumerate on why we save for rainy day. (Proverb 21: 20, Proverb 12:27, Proverb 27:24)

RULE/PRINCIPLE FOR SAVINGS

v Save before spending: 1. Pay God first(Tithe)  2. Pay yourself (saving) 3. Live on the rest( spending).

WHY WE SAVE.

·        For future use

·        Establish your budget.

·        Saving For Emergency Funds

·        Saving for retirement .

BENEFITS IN SAVING

·        Saving creates Opportunities in life (Ecc 9:11)

·        Nothing seems too expensive

·        Achieving dreams and goals

·        Security in old age

·        Saved money multiplies

·        Protection from disaster

STEPS TO FINANCIAL SUCCESS

·        Diligence

·        Consistency.

·        Time

·        Discipline

·        Sacrifices luxuries items- Needs Supercedes Wants (Opportunity cost)

·        Reduction in spending by saving money in bank and not in MMM(Money making Machine)

·        Stop procrastination

·        Be a generation of tomorrow’s people and not yesterday and today.

·        Financial counselling

CONCRETE STEPS FOR ACTION

·        Set goals

·        Assess current situation

·        Develop action plans

·        Put your plan into actions

·        Track your progress

·        Celebrate your success.

Conclusively, Saving must be your priority in life because its a command. (Mathew 25: 14-30).

NOTE: SAVE AS YOU TITHE. GOD BLESS YOU RICHLY IN JESUS NAME

September 21, 2017