Sound Financial Advice – Part 2

They should collect all the food of these good years that are coming and store up the grain under the authority of Pharaoh, to be kept in the cities for food. This food should be held in reserve for the country, to be used during the seven years of famine that will come upon Egypt, so that the country may not be ruined by the famine.” Genesis 41:35-36

Joseph gave Pharaoh some sound financial advice that we would all do well to live by: ‘Gather into the royal storehouses all the excess crops of the next seven years, so that there will be enough to eat when the seven years of famine come. Otherwise, disaster will surely strike’ (vv. 35-36). And how did Pharaoh respond? ‘Joseph’s suggestions were well received by Pharaoh’ (v. 37). Your future security is guaranteed if you practice these three scriptural principles: 1) Remember the Lord. ‘“Bring all the tithes into the storehouse…If you do,” says the Lord of Heaven’s Armies, “I will open the windows of heaven for you. I will pour out a blessing so great you won’t have enough room to take it in! Try it! Put me to the test!”’ (Malachi 3:10).2) Save. Discipline yourself to invest a percentage of your income in savings. Don’t worry that it’s a modest amount, just make it a priority! If you don’t, you’ll spend it on other things and never achieve your long-term goals for college, retirement, or helping the work of the Lord. 3) Get out of debt. After giving to God and saving for the future, strive to pay off all your financial obligations. Stop paying the bare minimum on your credit cards. By not repaying them in full every month, you end up paying much more than you should. Put as much as you can towards retiring outstanding debt, even if you have to stretch yourself and do without a few things for a while. In the long run, you’ll be way ahead.

Prayer
Heavenly Father, help me to live and spend responsibly. In Jesus’ Name, Amen