Essential list for Money Managing

How I was able to cope up, from nothingness to where I am right now? I'm not rich as of the moment, but striving hard to be able to be free of financial stress and so far this is what works and still in progress. Here are some tips that can help you in a little way or even can change your life.

Tithes

I started giving our 10 percent as tithes because I firmly believe in the word of the Lord in

Malachi 3:10

Bring the whole tithe into the storehouse,

That there may be food in my house.

Put me to the test, says the LORD of hosts,

And see if I do not open the floodgates of heaven for you,

and pour down upon you blessing without measure!

and even, I also teach my children to do so.

Segregating Wishlist vs.Needs

I always list down what are the family's needs vs. wants. Of course, we need to prioritize our needs and slowly fulfill our heart's desire explaining to our kids as well is very helpful in the long run because they will be able to discern on their own especially when you're away or they are in school. They can save on their own and make without you telling them over and over again.

Create an envelope for every expense.

Aside from tithes, we also have these other categories which will help me monitor our finances, I also keep track on listing them on soft copies.

Payables, Savings, Emergency,. Household allowance.

in books of accounts, it's more on your Debit and Credit, Assets and liabilities

Having this on track will really help you to monitor your expenses, but the next thing I'll be sharing is more of our additional plans.

List is in the process

We are starting to save for a mutual fund. Setting aside for the future is really a good important thing to do while our kids are still young. I don't want them to be like us who started from a scratch, there's nothing wrong with that, but It is better to be well prepared because these days are different from ours. Consumable prices are soaring high before we can just have to buy a meal for 39 pesos, but right now, especially in restaurants or fast food chains. You can't buy a whole meal with that and that's how money inflation is.

as time goes by, as you can see how many can we buy on P500 these days, how much more this coming 2020.

I'm not scaring anyone but it's happening everywhere. The only thing we can do is to again prepare for our son's and daughters future and building slowly their moral, spiritual and financial stability.

Best regards,