There was an article printed in the local paper (online) that came from the LenPenzo.com blog post entitled, The Ten Commandments of Personal Finance. I personally know of the importance of living the ten commandments in the christian world for our spiritual well being. These timeless words of advice are similarly important to our financial well being as we live by them. So, here are the principles listed:
1. Spend less than you earn.
2. Behold the power of compound interest.
3. Always pay thyself first.
4. Faithfully track thy household income and expenses.
5. Knoweth the difference between wants and needs
6. Keep thy budget holy
7. Thou shalt avoid paying interest.
8. Keepeth thy spouse involved in the financial decision process.
9. Blessed are those who knoweth a high income doesn't beget financial freedom
10. Undertake thy chosen vocation for love, not money.
Each of these ten commandments of personal finance has been a key part of the financial structure in our home and marriage. I cannot emphasize enough the importance of living by these. Doing so will bring greater financial freedom and more peace.
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