Penny Wise

Proverbs is chock full of financial wisdom from above. For example, “Know well the condition of your flocks, and give attention to your herds, for riches do not last forever; and does a crown endure for all generations?” (27:23-24)

You might not have any flocks or herds, but you probably possess stocks, bonds, real estate, and monthly cash flow that all require careful management. The old adage is true: Pay attention to the pennies, and the dollars take care of themselves. Even Ben Franklin said, “A penny saved is a penny earned.” 

If you’re penny-wise and pound-foolish, you need a budget—a spending plan that tells you where your money should go before you wonder where it went.