Moneywise On Oneplace.com

“Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it.” - Proverbs 21:20 Scripture highlights a simple principle of stewardship: wise people live with margin. They don’t spend everything they earn; they save, plan, and prepare for the future. And in our modern world, the basic tool that helps us live with margin is a budget. Today, Chad Clark joins us to discuss what budgeting really looks like for most Americans and how we can do better.As FaithFi’s Chief Technology Officer, Chad oversees our digital tools and the development of the FaithFi app. He recently came across research that sheds light on how people actually budget. According to a NerdWallet survey of 2,000 adults, three out of four Americans report keeping a monthly budget. That sounds encouraging—until you read the next line: 84% of them say they regularly overspend their budget. And when people overspend, nearly half bridge the gap with credit cards, while the rest tap into savings—often until savings eventually ru