Solving Money Problems
Money plays a major role in life. You need money for almost everything in
life. Given the importance of money, you need to know the basics of money—what
money is all about.
In the past, people could enjoy the blessings of life
without spending any real money. Nowadays, to many people, enjoyment of
life requires money—and lots of it!
According to Buddha, craving or desire for
material things is the source of all human miseries. Jesus also has this
to say about money: “It is easier for a camel to pass through the eye of a
needle than for a rich man to go to heaven.” (Luke 18:25)
So, what is the value of money? According
to author Jonathan Swift, a wise man should have money in his head, but
not in his heart.
More importantly, what does money mean to you?
Your perceptions of the value of money determine two of the
most important things in your life: how you are going to live your life;
how you are going to spend your money.
The value of money is based on your core values in life. One of the
core values in life is integrity. Life, at any phase, is all about living—it
comes with some hard work and simple integrity. Integrity is an important
personal value, which has little to do with money. Integrity is an important
value that the Creator has bestowed on each and every one of us, and its
availability is the choice of an individual. Essentially, integrity is the value
of what life has to offer, not the value of things that can be purchased
with money. Your core values affect your attitudes toward money,
including your financial priorities, financial decisions, and money management.
So, what is the value of money to you?
Once you know the real value of money to you, you will know what to
do with your money, and you will find the money you need.
Spending money is also an extremely important issue in life: throughout
history, countries have become bankrupt, empires have collapsed, and families
have broken up because of spending much too much money. So, spending money can
affect positively or negatively your life, and can be a major stress factor.
Spending money has little to do with whether you have or you do not have
much money. Spending money has to do with your attitude toward money. It
has everything to do with the practical as well as the spiritual aspects
of money and finance.
The practical aspect of spending money is that it may lead to debt—which
is the source of financial stress.
People go into debt for various reasons: deficit spending, a result of buying things they don’t need
with the money they don’t have; unforeseeable circumstances, due to
exorbitant medical bills or loss of employment; personal choice, a
consequence of reckless spending or buying on credit, bad investments, wrong
financial decisions; ignorance, such as not knowing the meaning of APR
or the implications of “minimum payments”
on credit cards, lack of knowledge of finance and money management; greed,
leading to taking financial risks, or trying to get something for nothing. The
list could go and on.
Don’t ever fall into the trap of “buy-now-and-pay-later”! Don’t run up your
credit card debt. Consumer debt is the No.1 financial stress factor in life.
Don’t let debt devastate your life. Don’t use a credit card if you don’t have
control over spending; instead, use a debit card or a pre-paid credit card for
the convenience of not carrying cash. Be careful when you use credit-card
counseling services to get you out of debt, especially those so-called
“non-profit” organizations. Just beware!
The spiritual aspects of spending money include being grateful and
generous, as well as being a good steward.
Be grateful. God may have given
you much less than others—or so you think! Remember, everything is relative.
Maybe less is more: God has given you less so that you will have
the incentive to make more.
You may have worked hard, but with little to show for it. “You plant much but harvest little. You have
scarcely enough to eat or drink and not enough to keep you warm. Your income
disappears, as though you were putting it into pockets filled with holes.” (Haggai
1:6) Be grateful, instead of whining and complaining; put your time and effort
on making money to live a debt-free life. More importantly, be generous with
your money.
According to the biblical principle of money, God owns it all! You are but
a steward of God’s money. Responsibilities of good stewardship include
diligence, productivity, good time management, and self-discipline in matters
of money. The money is not yours anyway. That is why you cannot take it with
you when you are gone for good.
Stephen Lau
Copyright© by Stephen Lau
