6 Basic Money Principles You Must Know // Money Basics Series


I studied business, which does NOT mean I have all the answers, but I do know a thing or two about wise money habits. Before diving into budgeting sheets, debt questions & credit cards, these are the basic principles I want you to know & live by.

1. Start with the Right Mindset

Money is emotionally charged and spending it even more so. 

Not fearing money, a budget or your debt is the place to start.

I want you to start this money relationship with a healthy one. It does NOT matter as much as society says it does. People are NOT happier making 1 billion dollars than 100 thousand. It’s not about the number. It’s about you. It’s about knowing what you have, using wisdom in spending, & choosing to maintain a healthy happy mindset.

This beginning is in your hands, choose what relationship you want with your money.

2. Don’t Spend more than you Have

I know this one may sound basic but so many people have financial issues because they simply spend what they don’t have. You know your income & you know the cost of your bills. Pay the bills then use what’s left over.

*A budget post is coming your way soon but until then just choose to not spend a penny more than you have.

3. Know the Differences between Wants & Needs

We can fall into the convenience trap. 

What does that mean exactly? It means you spend more money eating out then you do on groceries and that all adds up A LOT. Yes you need to eat but do you really NEED to go out to eat for lunch every day?  You could pack your own lunch and save approximately 5 dollars EVERY TIME. 

Don’t simply buy because it’s there. Make conscious decisions to spend money on needs not on momentary wants. 

4. Remember you control your money

You are earning those green bills, don’t let them run off to stores you didn’t plan on spending money in (hey there Target). They are yours and they should be working for you. By building a budget and sticking to it you can still shop but it’s more fun because it’s free of regrets!

5. Plan for the Unexpected

Naturally, I am a saver but you might not be. 

Having a little dough in a savings account is VERY necessary. What do you do when you need a new battery in your car but can’t afford it? You can’t cut the groceries budget. You must already have some money stored away for this particular rainy day.

A good beginning savings account should have $1000. This doesn’t happen in one month but putting a little aside monthly, in six months you’ll love the number.

6. Don’t Stress

Money is one of the TOP stressers for millennials did you know that? It’s even higher than politics!

We are sons and daughters of the one true king who made ALL of this.  

In Matthew 6:26, Jesus says, “Behold the fowls of the air: for they sow not, neither do they reap, nor gather into barns; yet your heavenly Father feeds them. Are you not much better than they?”

God promises us He will provide for all of our needs. Why choose to stress over something so temporary?

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