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How to Recover From Simple Financial Mistakes

Have you ever made a  silly financial mistake?

My wife will tell you it’s humbling. Several years ago, we bought a used car at a dealership. We were so grateful to be able to write a check for it and drive it home debt free. Unfortunately, Ann transferred the wrong amount of money into our checking account and the check we wrote the dealership bounced! Yes, we  bounced a check! Rather embarrassing for a guy in my line of work wouldn’t you say? She drove that nice used car back and through tears asked for forgiveness from the business manager. He looked at her and said, “Ma’am, I deal with a lot worse problems than this one. I’m happy to forgive you.”

Most mistakes happen when we rush or multitask. Here are three tips to help you avoid simple financial mistakes. First, slow down. The faster you go, the more room for error. Second, think about your actions. If you’re constantly rushed you won’t be fully present and aware of your decisions. Finally, be grateful for what you have and what you learn. Acknowledge it, learn from it, and keep it in perspective. Mistakes can make you smarter in the long run. Few of us were taught what God says about money in the Bible. As a result, we flounder around trying to do the best we can. Once we learn God’s financial principles, we can make real progress. His mercy far outweighs any financial loss, and we can trust Him to guide our decisions in the remaining years of our lives. Don’t relive the past or dwell on negative feelings. Slow down and rest in God’s forgiveness. Cling to the fact that He “promises to work all things together for good for those who love Him and are called according to his purpose.” (Romans 8:28)

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