MoneyWise

Rob West

Make Saving Fun

December 3, 2020
00:00 0

We all know that saving money is good, preparing you for the future and giving you peace of mind. Saving money, however, is just not fun sometimes. To save money, you have to deny yourself things you may want or desire. You have to prioritize your needs over your wants. Today, host Rob West and Steve Moore talk about ways to make saving more enjoyable and more.

 

·      We don’t save just to save, we do it to honor our Lord.

 

·      Instead of thinking of yourself as a consumer, think of yourself as a steward.

 

·      You can make stewardship and saving into a fun game.

 

·      Challenge yourself to cut $100 from your monthly spending. You can do it any number of ways, and the reward is very real.

 

·      You gain the satisfaction of taking a positive step towards improving your finances.

 

·      You make the reward real by setting milestones along the way and celebrating them. When you have $500 saved up, treat yourself to dinner or something nice within your budget.

 

·      Your ultimate goal is to have an emergency fund with 3 to 6 months living expenses in it.

 

·      Rob mentions using the MoneyWise app to help set up your budget and kickstart your saving.

 

Here are a couple of questions we answered from our callers on today’s program:

 

·      I was told about something called a Home Equity Loan that would take the place of my mortgage at a lower interest rate. Would it be a good idea to take that loan? (Rob mentions BankRate.com).

 

·      I’m trying to save for the future and buy a house. I live on a budget and I’m currently living with a friend. What would you say is the best way for me to save and prepare for the future?

 

Ask your questions at (800) 525-7000 or email them to Questions@MoneyWise.org. Visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources like the MoneyWise app.

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About MoneyWise

MoneyWise is a daily radio ministry of MoneyWise Media. Hosted by Rob West, the program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

About Rob West

Rob West is the host of the nationally syndicated radio programs MoneyWise and The MoneyWise Minute heard on more than 900 radio outlets each day. Rob also serves as the President of Kingdom Advisors, an international community of financial professionals who are specialists in delivering biblically wise financial advice. Rob serves as primary spokesperson for the organization and gives leadership to organizational strategy.

A radio veteran, Rob previously co-hosted a live, call-in, financial radio program with his father from 1998 through 2008 at WAFG, Fort Lauderdale, FL. Rob has dedicated his professional career to working at the intersection of faith and finance having led a successful faith-based financial services firm, serving as the host of several radio programs on a biblical approach to finance, and speaking frequently on the topic. Rob and his wife, Julie, live in Marietta, GA with their four children.


 

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