YOUR PERSONAL FINANCES ALREADY PASSED

YOUR PERSONAL FINANCES ALREADY PASSED bank savings book budget debt expense gross income income monthly budget savings account tithe A small journal which is a continually updated account of the money available in one's savings account. An itemized account of the possible income and expenditures over a given period of time. Money owed to a person or a business. Something on which money is spent. Total money earned, before deductions are made. Money received as earnings from work or the selling of goods. Planned income and expenditures for a calendar month. A bank service in which the depositor puts his money in the bank for the purpose of drawing interest. 10 percent return back to the Lord from income you received; derived from O.T. passages such as Deuteronomy 12:11. God should receive honor in our handling of finances. "Honour the LORD with thy substance, and with the firstfruits of all thine increase: So shall thy barns be filled with plenty, and thy presses shall burst out with new wine." Where is this passage found? Proverbs 3-9:10 Biblical tithing basically means you will give ___ percent of your income to the Lord. 10 _____ 3:5-10 could be titled, "God's Plan for Financial Prosperity." Proverbs Total income, before deductions are made, is called gross income Many Christians give according to the New Testament verse found in 1 Corinthians 16:2 which is actually _____ than a 10% tithe. more It is okay to overlook a "small" expense because it is not much of your overall budget. false Never charge more on your credit cards than you can afford to pay in one month Keep a list of your credit card, ___________, checking account information, and the telephone numbers of each credit card issuer in a safe place in case your cards or checks are ever lost or stolen. account numbers Pay bills two weeks after due date to keep the finance charges as low as possible. false Here are some questions any young person should ask himself as he makes a budget, saves money and spends money: 1. Are my checking and savings accounts smaller than they were six months ago? (Every six months this question should be asked.) 2. Am I tempted to use a credit card for a charge when I do not know whether I can pay the bill or not? 3. Am I falling behind on my bills to my creditors? 4. Are my creditors charging me with late fees?