A Girl of Wisdom is generous (continued!)

save-moneyI firmly believe that a Girl of Wisdom is wise with her money. Even as a teenager or young woman, she knows how to budget and how to save for the future. After all, how can you be generous if you have no wisdom in looking after your own money?

I encourage you to start actively deciding how you will spend your money. If you don’t already have a budget, make one! Use the budget activity in this chapter to help you. It’s really easy! Here are some simple steps-

  • Add up how much money you earn each week (pocket money, part-time job, chores, babysitting etc)
  • Add up how much you spend each week, which is not paid for by your parents or others, but comes out of the money you earn (food from the school shop, mobile phone credit, going out with friends, make-up, clothes etc.)
  • Your budget will quickly reveal how much you can really spend each week- you may need to adjust how much you go out or find cheaper ways of having fun!
  • Now for two challenges… in your budget, include money especially for generosity and saving for the future.
  • Challenge 1: Put aside 10% of your weekly money (for example, if you earn $50 in a week, put aside $5). This is to be spent on someone else for no reason… a little gift, buying them some food at school, getting them a card or just giving them the actual money if they need it!
  • Challenge 2: Save $1 per day ($7 per week) and put it into a separate savings account that yields high interest and that is hard to access. Get a parent, older sibling or another adult to help you do this if you are not sure of the different bank accounts especially designed for saving money. AND DO NOT TOUCH IT EVER!! Let it grow and by the time you finish school, you will have a great sum of cash to help towards buying a car, going away on a trip or another major purchase.

I once heard a great statement that I have never forgotten. A person, talking about money and being generous, stated, “Your money may leave your hand, but it will never leave your life.”

Think about that for a moment. When you choose to be generous, the actual cash may come out of your wallet and leave your hand, but the joy of knowing you have made a difference in somebody else’s life is worth more than any amount of cash. And what you sow, you shall reap- what goes around, eventually comes around. And nobody can take that away from you.

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