Recession-Proof Prayer During Troubled Times

Here's a prayer of Prosperity from the "The Prayers that avail much" book that really encourages me. Pray it over your Houshold, and pass it along to someone else (family and friends):

Father, I come to you in the name of Jesus concerning my financial situation. You are a very present help in trouble, and You are more than enough. Your Word declares that you shall supply all my need according to Your riches in glory by Christ Jesus. Thank You for wise financial counselors and teachers who are teaching me the principles of good stewardship.

Lord of Hosts, You said, "Try Me now in giving my tithes and offerings, and see want I open the windows of Heaven and pour out for you such a blessing that there will not be room enough to receive it. "You will rebuke the devourer for my sake, and my heart is filled with thanksgiving.

Lord, my God, I shall remember that it is You Who give me the power to get wealth, that you may establish Your covenant. In the name of Jesus, I worship You only, and I will have no other gods before me.

You are able to make all grace - every favor and earthly blessing - come to me in abundance, so that I am always, and in all circumstances, furnished in abundance for every good work and charitable donation. Amen

Scripture References: Psalm 56:1, Philippians 4:19, Malaghi 3:8-12, Deuteronomy 8:18,19 and 2 Corinthians 9:8

Avoid Using Credit

Roman 13:8 "Owe no one anything except to love one another..."

I am not saying that borrowing is sin, but in some instances it disallows God the opportunity to work for us. Also if you are spending above your means, your debt-end can be financial bondage. Proverb 22:7 states "that the borrower is servant to the lender...". I have five tips to assist you with avoiding using credit:

1. Remove all credit cards from your wallet/purse and only carry a Debit/ATM card.
2. Set aside the money (cash) that you have available to spend and when it's gone... the spending stops. Oprah's suggests creating a monthly spending plan, where you will know and see your limits. Here's a link to the free spending plan: http://static.oprah.com/download/pdfs/money/money_spending_plan.pdf
3. Put aside or save for purchases you can't afford now. 9 out of 10 times, it will be on sale by the time you are ready to buy.
4. When feeling down or depressed (ladies) avoid going window shopping or browsing the malls, especially when you don't have money to spend at the mall. You can get in debt-trouble or even get more depressed when you see things you want and can't buy.
5. When the temptation arise to use credit, ask yourself this question: Do I want to fulfill my personal gratification today and borrow resources from my future, my family future...?

The Budget – The Ultimate Financial Management Tool

Habakkuk 2:2 "Write the vision and make it plain..."

My Husband had to help me with this one... Just bringing myself around to doing this was very difficult. But I put myself on lock down and committed to doing a budget. I am glad I did.

A carpenter uses a set of house plans to build a house. Rocket Scientists would never begin construction on a new booster rocket without a detailed set of design specifications. Yet most of us go blindly out into the world without an inkling of an idea about finances and without any plan at all. Not very smart of us, is it? A money plan is called a budget and it is crucial to get us to our desired financial goals.Without a plan we will drift without direction and end up marooned on a distant financial reef.

If you have a spouse or a significant other, you should make this budget together. Sit down and figure out what your joint financial goals are…long term and short term. Then plan your route to get to those goals. Every journey begins with one step and the first step to attaining your goals is to make a realistic budget that both of you can live with.

A budget should never be a financial starvation diet. That won’t work for the long haul. Make reasonable allocations for food, clothing, shelter, utilities and insurance and set aside a reasonable amount for entertainment and the occasional luxury item. Savings should always come first before any spending.

Here's a free copy of a budget template from Dave Ramsey: http://www.daveramsey.com/media/pdf/fpu_qbudget.pdf.

Avoiding Impulse Spending

James 1:4 "But Let patience have its perfect work, that you may be perfect and complete, Lacking nothing..."

Hey, the first thing that I had to do to Recession-Proof my Budget was Avoiding Impulse Spending Being an impulse spender is not a good thing. It will prevent you from saving for the important things like a house, a new car, a vacation or retirement.

You must set some financial goals and resist spending money on items that really don’t matter in the long run. Impulse spending will not only put a strain on your finances but your relationships, as well. To overcome the problem, the first thing to do is learn to separate your needs from your wants. Advertisers blitz us hawking their products at us 24/7. The trick is to give yourself a cooling-off period before you buy anything that you have not planned for.

I also use this great tool that allows me to perform an online price check or comparison before I buy. Download it free Now!

CLICK BELOW!!!