We at eChristianFinance.com believe that the financial principles of the Bible are timeless and have put together the following 10 tips for consumers to save money on their monthly grocery bills.
Even if you have not yet been impacted by the current economic recession that is gripping our nation, you should certainly be preparing in case your job is impacted tomorrow. Economists are already predicting that unemployment rates could reach 10% by 2010.
In 1760, John Wesley gave one of his most famous and timeless sermons entitled “The Use of Money”. 250 years later, Christians and non-Christians alike are still struggling with the proper use of money. Our world is filled with individuals that consistently spend more than they earn, who give no thought to savings, and have nothing to give God – all because of their improper use of money. While the love of money has been the destruction of many, the fault doesn’t lie in money itself, but in those that use it. Learning to prudently use money is one of the marks of a good steward.
Grocery shopping seems simple enough, so why are Americans wasting more money, food, and time than ever before. The government says that the average family spends approximately 10% of their income on groceries and this is one area of most people’s budgets that isn’t a fixed cost.
So what is a 201k? No, it’s not some new investment account. It’s just how many individual investors feel after watching their 401k balances drop by 30, 40 and even 50% in the last few weeks.