My Financial Principles

My financial principles guide each transaction that I conduct.

Applying my financial principles assures me effective management of my income and expenses.

The first principle is to only use credit when I have the equivalent amount available in cash. This approach keeps me from sinking deep into uncontrollable debt.

Spending beyond my means is a thing of the past. I recognize that the necessities in life are adequately taken care of when I practice smart spending. My mind is constantly focused on what matters most.

Budgeting makes it easy to monitor and manage my spending. When I allocate set sums for specific expenses, I am able to stay on track each month.

Putting away savings is the first thing I do when I get paid. Doing this ensures that I am protected in the event of an emergency. I like knowing that my diligence with saving leads to true peace of mind and a less stressful life.

I believe that committing money to charitable work results in continuous blessings. Sharing what I earn with the less fortunate is both my duty and my pleasure.

Although I feel protected against the unforeseen by saving, I avoid becoming attached to money. I realize that it has immense power when I allow it to be the focal point in my life.

Today, I am proud to live by financial principles that make my life easier. When I commit to living by those standards, there is less for me to worry about.

Self-Reflection Questions:

1.    How do I decide where to invest my money?

2.    What do I normally end up doing with excess funds each month?

3.    What allocation do I make to personal growth and development?