Practices for Handling Money III: Saving
When Joseph counseled Pharaoh on how to handle the seven years of famine, he told Pharaoh to save during the seven years of plenty. The savings would then carry the nation through the famine. This is a central purpose of saving. Almost everyone will experience times of low income or unusual bills that their income cannot handle. Therefore, if you are able to save, it is generally wise to set aside a reasonable amount of money for those times. I have intentionally nuanced that statement, so let’s discuss it to elaborate on the nuance. If you are able to save…