{8.22.08} Friday Morning Melange

Ok, ok...I said I wouldn't blog on a Friday night...and yet, here we are. 10:17 PM, Friday night and this is the first edition of the Friday Morning Melange. Sorry.

Right off the bat - this blog and anything written herein is not sponsored nor supported officially by the State Farm Insurance Companies, these are thoughts, concepts and ideas that I have picked up through my experience in the insurance industry and throughout my MBA studies.


This week's "Melange" is about savings plans...what are good strategies? I have read many books from textbooks to Dave Ramsey's "Total Money Makeover" to taking a Crown Financial Ministries class. Here are some strategies that work:

1. Take full advantage of your employer's retirement contributions...free money! Take it...and match it.
2. Start setting aside pocket change...start small and stay steady.
3. Create a savings fund for significant milestones in your life.
4. If you have kids, start thinking about education savings plans.

Here's a verse from Proverbs that I came across a few weeks ago: Proverbs 6:6-8 - "go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest."

How are you sacrificing today to prepare for your future? Are you honoring God through your financial decisions?