Timex vs. Rolex

You are going to work hard, and earn enough money to pay your bills. That is a given. You should also tithe and save some of your earnings for retirement. Tithing honors God, and savings prevent you from being poor later in life. Hopefully, you will also make enough money that you have some extra to spend on others things. My main advice is not to waste this extra money. Here are two points to remember when it comes to spending money.

First, it is important to understand the difference between a need and a want. You have everyday needs – all of us do. Food, shelter, and clothes represent a few needs that you have. You will spend money on needs all the days of your life. Many others items are things that you want. For example, an iPhone is an item that you want, but don’t necessarily need. Some items can be a need or a want – it depends on the person. Let’s use a car as an example. I need a car to get to work due to the nature and location of my job. Both of you on the other hand, do not really need a car at this point in your life. Having one will make your life easier, but you will survive without it. Remember this difference when you are determining how to spend your money. Too many of us consider a lot of our wants as needs. Trust me. I know. I have a closet full of sports jerseys to prove the point.

Second, we live in a country that is full of all kinds of extra stuff to buy. Some items are worth it, others are not. I suggest investing your extra money in things that you bring you joy, and are a good value. It is easy to waste your money, and I have done that plenty of times. Nowadays, I try to buy only the stuff that I need, and a good value, even though I may be able to afford more expensive items. Lastly, don’t buy anything to impress others. It is simply foolish.

Proverbs 14:23-24: All hard work brings a profit, but mere talk leads only to poverty. The wealth of the wise is their crown, but the folly of fools yields folly.

    2 replies to "You will need money – don’t waste it."

    • Charlie Byrd

      Good advice

      • keating.doug@gmail.com

        Thanks Charlie. I appreciate the feedback.

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