DEVELOPING THE SAVINGS HABIT

Pr 6:6 - Pr 6:8 (NLT),

"Take a lesson from the ants, you lazybones. Learn from their ways and be wise! Even
though they have no prince, governor, or ruler to make them work, they labor hard all
summer, gathering food for the winter."

Jn 6:12 (NLT),
"Now gather the leftovers,” Jesus told his disciples, “so that nothing is wasted."

May kasabihan ang mga tagalog, "Ubos-ubos biyaya, bukas, nakatunganga."

Saving and conserving resources are taught in the Bible. "Now gather the leftovers so
that nothing is wasted." Maayo ni siguro ipilit sa aton mga kusina, ref, kag mga dining
tables.

- Don't waste God's resources!

(Explain the processes that the rice had undergone before they reach our tables - from
planting to our tables)

Ang siling sang ambahanon, "A man must break his back to earn his days of pleasure."
Indi ang kalipay dapat unahon... Indi bali mabudlayan sa primero...

- Consider contributing to your savings plan first each month .

Saving money is hard work. And the hardest part is simply getting started. If you're
beginning from scratch, consider this three-part strategy:

1. First put your money into a rainy-day fund.

2. Next save for long-range expenses.

3. Save for retirement.

- The following strategies can help you make this practice automatic:

1. Set up an automatic payroll Deduction. What you don't see, you won't
spend.

2. Set up an automatic bank transfer.

3. Invest all salary increases.

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4. Invest lump sum payments.

YOU CAN BEGIN SAVING NOW!

Set saving goals. A real key here is that it forces you to think ahead...

Throw stumbling blocks in the path of spending. Most of us save too little because we
spend too much on impulse items. Control the urge to splurge. Keep a list of all the
things you really need... But wait to buy to buy until those items go on sale. If you're
drawn to something not on the list, give yourself a week to think it over.

Save all "extra" money.

HOW YOU CAN SAVE

- You can save by developing new habits!

Become a skillful shopper. The skillful shopper prepares a shopping list before going to
market and buys only those items needed.

- Learn to read labels and interpret them.

- You can save by not buying on impulse!

- You can save by getting rid of credit card debt!

- You can save by using installment credit sparingly!

- You can save by taking good care of your assets!

- You can save by updating your homeowner’s policy!

- You can save by updating your life insurance policy!

- You can save by starting a retirement plan!

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- You can save by getting the best health insurance possible!

- You can save by paying off your home mortgage faster!

- You can save by using non-money resources!

- You can save by developing good spending habits!

- You can save by choosing quality over price!

- You can save by pausing before purchasing!

Before spending your hard earned resources, pause a while to ask yourself three simple
questions:

1. Can I really afford it?

2. Do I really need it?

3. Is it worth what I'm paying for it?

- You can save by doing a lot of things yourself!

- You can save through personal discipline!

- You can save understanding inflation!

- You save though the power of compounding!

- You can save by beginning while you are young!

- You can save by learning to invest!

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