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Money management tips

Take a moment to ponder how you would define Financial Success. For some, this term refers to the ability to retire at a chosen age without having any worry that you will lack the resources to live out the rest of your life in comfort and happiness. For others, financial success is becoming wealthy. Still others define financial success as having enough passive income to replace all of your other active income.

Whatever your definition, we are all working toward a given set of goals. Most families are looking for ways to increase their chances of reaching a solid level of financial success. Studies indicate that75% of divorces can trace their fundamental cause to struggles and quarrels over finances. So while families and individuals work to reach financial success, unfortunately lack of communication and understanding work against them.

This being the case, let's take a close look at twelve principles regarding money and its management. If each of us followed these principles, our country and our world would not be in the middle of such a profound crisis.

Before we begin with these principles, it is important that you understand that these principles cut to the heart of our relationship with money. Money needs to have its proper place in our lives and we need to treat it with both respect and wisdom. We must not, however, place money and the gaining thereof as our primary goals in life. Life is much more than a bank account.

Principle #1: Give
As soon as we receive our paychecks or other forms of income, we should designate a portion of it to others. Whether this be in the form of a religious tithe, in the spending of it on charitable items or supplies, or as a gift to an individual or family, this first step with money gives it the proper place in our lives.

We can look at the lives of many successful people in this world who have worked their way to their wealth. Most of these people have placed money in its proper place and have used their plenty to help those around them. As we do the same, we find greater fulfillment and are able to keep priorities straight.

Some might be tempted to skip this principle. We can promise any reader that if this principle is included as a regular part of your spending plan, you will absolutely achieve greater financial success.

Principle #2: Manage Money; Don't Let it Manage You
Far too often, individuals and families wonder if they can earn a lot of money and they focus their efforts on increasing their income. This, however, is


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