Take Responsibility for Your Money

Richard Paul Evans gave some great advice in his book, "The 5 lessons A Millionaire Taught Me."

One of those 5 things is to Take Responsibility of Your Money.

We should:

1. Know how much money we have  

2. Know where it comes from

3. Know where it is going  

4. Know what it is doing in the mean time.  

 

I think

 that people often forget about number 4. What is our money doing while it isn't yet spent?

There are many options to get our money to earn before we spend it. After learning this principle I thought of different ways to let the money work for us while it is waiting to be spent.  Our solution is 5.01% Rewards checking account 

from Deseret First Credit Union.  Other banks and credit unions also have insured accounts that allow for your money to earn interst before it is spend.  Any little bit helps.  

Another tidbit--I believe Heavenly Father wants us to take responsibility for our money (everything we have he has given us).  Hopefully we are being good stewards.