Then he said to them, “Watch out!
Be on your guard against all kinds of greed;
life does not consist in an abundance of possessions.
Luke 12:15 ESV
Thursday, May 10, 2012
Sunday, May 6, 2012
Saving vs. Spending (this might surprise you)
This quote is from Money, Possessions and Eternity by Randy Alcorn. I hope I always remember this lesson!
"Understand the difference between spending money and saving money.
Saving money is setting aside money for a future purpose. Money that is saved stays in your wallet or the bank and can be used for other purposes, including your needs or the needs of others that arise. On the other hand, money that is spent leaves your hands and is no longer at your disposal. Hence, when you buy a fifty-five dollar sweater for thrifty-five dollars, you do not save twenty dollars - you spend thirty-five dollars. Whether the sweater was worth thirty-five, fifty-five or two hundred dollars is irrelevant. The point is, the thrifty-five dollars is gone, and you have saved nothing. The next time you hear of a great sale on something you don't need, remember- if you keep 'saving' like this you will soon be broke!"
Practical Guidelines to Control Spending.
"Understand the difference between spending money and saving money.
Saving money is setting aside money for a future purpose. Money that is saved stays in your wallet or the bank and can be used for other purposes, including your needs or the needs of others that arise. On the other hand, money that is spent leaves your hands and is no longer at your disposal. Hence, when you buy a fifty-five dollar sweater for thrifty-five dollars, you do not save twenty dollars - you spend thirty-five dollars. Whether the sweater was worth thirty-five, fifty-five or two hundred dollars is irrelevant. The point is, the thrifty-five dollars is gone, and you have saved nothing. The next time you hear of a great sale on something you don't need, remember- if you keep 'saving' like this you will soon be broke!"
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