Living within your means

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Living within your means !
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(No Transcript)
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Foundational Comments The Bible and Jesus for
that matter is not anti-ownership or
anti-material things. The Bible encourages us to
work hard, to earn our wages, to support our
families and then to give generously to others in
need. It is not necessary to sell everything we
have and give it away. Some of our earthly
treasures are actually gifts from God. (1 Tim
617)
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Living within our Means

• Be Biblical
• Be a Kingdom Investor
• Be Practical Organised

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Payroll Deduction for Mortgage
Income 1 Wage/s Other
Income 2 Wage/s Other
Budget
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Most people get paid fortnightly but have their
home loan repayment deducted monthly. Halve your
monthly payment and pay every fortnight Example
of the difference on a 150,000 _at_ 7.5 loan
paying monthly and fortnightly   Monthly
1,108 Will take 25 years 182,000
Interest Fortnightly 557 Will take 20 years
140,000 Interest   Pay 300 per week or an
extra 43 pf Will take 17 years 115,000
Interest 
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Payroll Deduction for Mortgage
Income 1 Wage/s Other
Payroll Deduction for Other Loan/s
Income 2 Wage/s Other
Budget
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Consolidate debts where possible Start with
credit cards then personal loans Home Equity
offers the best option with cheaper interest rate
and longer term if needed to assist cash
flow Debt consolidation will only work if credit
cards are no longer used and you do not get new
personal loans
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Payroll Deduction for Mortgage
Income 1 Wage/s Other
Payroll Deduction for Other Loan/s
Payroll Deduction for Tithe
Income 2 Wage/s Other
Budget
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Allocating your tithe or a disciplined amount is
simply a matter of choice If you dont agree
with the tithe concept or are not in a financial
position to give it then agree on the amount you
can afford and be committed to it
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Payroll Deduction for Mortgage
Income 1 Wage/s Other
Payroll Deduction for Other Loan/s
Payroll Deduction for Tithe
Payroll Deduction to Bill Paying Acc
Income 2 Wage/s Other
Budget
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Payroll Deduction to Bill Paying Acc
Council Rates House Contents Insurance Health
Insurance (if applicable) Life Insurance School
Fees (if applicable) Phones/Broadband Electricity
Costs Car Rego/s Car Insurance/s Fuel Music
Lessons
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Payroll Deduction for Mortgage
Income 1 Wage/s Other
Payroll Deduction for Other Loan/s
Payroll Deduction for Tithe
Payroll Deduction to Bill Paying Acc
Income 2 Wage/s Other
Payroll Deduction to Household Acc
Budget
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Payroll Deduction to Household Acc
Groceries Clothing Personal Items Childrens
Allowances
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Payroll Deduction for Mortgage
Income 1 Wage/s Other
Payroll Deduction for Other Loan/s
Payroll Deduction for Tithe
Payroll Deduction to Bill Paying Acc
Income 2 Wage/s Other
Payroll Deduction to Household Acc
Payroll Deduction for Balance
Budget
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Payroll Deduction for Mortgage
Income 1 Wage/s Other
Payroll Deduction for Other Loan/s
Payroll Deduction for Tithe
Payroll Deduction to Bill Paying Acc
Income 2 Wage/s Other
Payroll Deduction to Household Acc
Payroll Deduction for Balance
Budget
Income Centrelink
Payroll Deduction for Christmas Acc
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Payroll Deduction to Christmas/Holiday Acc
This may be money from Centrelink or some other
source.
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Living within our Means

• Be Biblical
• Be a Kingdom Investor
• Be Practical Organised
• Be Realistic with Expectations
• Be Smart
• Be prepared to seek advice

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Living within your means brings freedom