by Ed Rowell

This content is part of a series.

It Helps me Set Priorities (2 of 4)
Series: The Difference A Dime Makes
Ed Rowell
Matthew 6:19-24; 13:44-45
May 9, 2004

Does anyone besides me ever struggle with difficult financial choices? I'm not talking about an obvious choice between good and evil, or right and wrong. I'm talking about choosing between a car that would meet your basic transportation needs and get good mileage, and that $45,000 4X4 that you really need up here...about 3 days out of the year.

How much house is enough; how much is too much? If you can figure out how to save another $100 a month, how do you know whether to put it toward retirement or the kid's college fund? How do you know if that fifty-five-gallon drum of peanut butter at Sam's is really a good deal?

How do you set financial priorities? Some of us make them by...well, by not making them. Look at the screen and you'll see what I mean.

Real Financial Hero 1

There's a two-word phrase that has just about disappeared from the American Vocabulary. Thanks to easy credit and the chronic dissatisfaction of our age, few people today have heard of, much less exercised a practice called Delayed Gratification--the restraint to put off some measure of satisfaction now, for a greater satisfaction in the future.

The amount that Americans carry on their credit cards went down last year by 30%. The bad news is, those bills were not paid off. In most cases, low interest home equity loans made it easy to roll over that debt. It isn't uncommon for an American family to spend 60-75 percent of their income on debt service. More people filed bankruptcy last year than graduated from college. We have a personal financial crisis going on in this country that is not related to interest rates or tax rates. Our problem is not really financial at all; it is spiritual.

Now, I saw a lot of wives poking their husbands during that video clip. Are you married to a Mr. Compulsive Shopper guy? Lest you think I'm going to let ...

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