“Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty.” Proverbs 21:5 (NLT)

If you want to be financially strong, you need to start writing down what you spend until you know where all your money is going. This is the principle of accounting. You’ve got to keep track of your finances!

Have you ever made it to the end of the month and wondered, “Where did all my money go?” Ignorance of your financial condition plus easy credit equals disaster.

You’ve probably heard this phrase: “Money talks.” It does not. It just walks away quietly, and it doesn’t tell you where it’s going. To know what you’re spending your money on, you have to keep good records.

Proverbs 21:5 says, “Good planning and hard work lead to prosperity” (NLT).

When it comes to your finances, you need to keep good records of four things: what you own, what you owe, what you earn, and where it’s going. This kind of record-keeping is the framework for budgeting.

There are several ways to budget, and you need to figure out which one is best for you. You need to get online, get to your bank, get to your accountant’s office, get into your books—whatever it takes for you to get on track and understand your money so that it works for you and not against you.

Proverbs 23:5 says, “Your money can be gone in a flash, as if it had grown wings and flown away like an eagle” (GNT). That’s a pretty descriptive picture. If you don’t know where your money is going, it’s just going to fly away like an eagle. Fortunately, for those of us in the US, our government is kind enough to remind us of this by putting an eagle on every dollar bill!

The financial plan that God blesses starts with recognizing that he is your source of income and your security. Then, by keeping good records, you can more easily see how God is providing for you and blessing your good stewardship of his gifts.