ORDNUNG GELDSCHRANK – MONEY SECRETS OF THE AMISH
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Money is only a tool, not a goal. – Amish Proverb [ARTICLE SOURCE: https://suzannewoodsfisher.com/amish/too-much-money/] Bank of Bird-in-Hand caters to Amish and Mennonite customers, who have unique needs. [PHOTO SOURCE: https://independentbanker.org/2020/01/are-de-novos-making-a-comeback/] |
While the average American saves in the 5% range, the average Amish adult saves close to 20% of their monthly income. Savings becomes a way of life for the Amish and creates a sense of financial independence. Knowing that you owe money to no one, and are actually accruing interest on your savings, is something most Amish cherish. - Nine money secrets of the Amish by Kyle James
Ordnung Geldschrank is the German word for ‘Organize the Safe’. I chose the word, ‘Ordnung’ because the Ordnung is a set of rules for Amish, Old Order Mennonite and Conservative Mennonite living. Ordnung is the German word for order, discipline, rule, arrangement, organization, or system. Geldschrank is also a German word for safe (money safe).
I admire the Amish (together with other anabaptist groups AKA the Plain People), for the way they budget and save their money. They are very discipline with how they budget their money. That is why I gave the title of this blog post, ‘Ordnung Geldschrank’, to remind me to budget and save money.
I will post several articles on how the Amish deal with their money and also on bulk shopping, before giving my thoughts.
Amish Money Management +
Usable Amish Saving Tips (for the rest of us) [PHOTO SOURCE: https://www.frugalconfessions.com/amish-finances/amish-finances/]
Nine money secrets of the Amish
The Amish are known for their off-the-grid lifestyles and communities. To be self-reliant, they also have to be good with money. These are nine money tips to learn from the Amish.
- Kyle James Wise Bread
September 28, 2015
The Amish lifestyle — and how they handle their finances — can seem a bit mysterious to outsiders. Typically, our only glimpse of the Amish is when they're seen in their horse and buggy running errands in small towns across Ohio, Pennsylvania, and Indiana.
So this prompts a question: How do they handle their money and finances? And what can we glean from their thrifty lifestyle that might help us become more financially independent? Here are nine money secrets from the Amish lifestyle that you'll find fascinating — and hopefully educational, too.
1. They Avoid Debt and Credit Cards
While some Amish will indeed use credit cards for the reward points and convenience, the number who actually carry plastic is only in the 20% range. Most pay for things as they buy them in order to avoid any debt. They also live by the rule of always paying someone on time. According to Amish Bishop Ephraim Lapp, "To pay someone on time is an extension of the commandment 'Do not steal.' If it's due on the 10th and you pay it on the 15th, you are stealing that man's money for five days."
Also, the Amish focus on whether an item is a need or a want, and they teach their children the value of deciphering between the two in order to avoid unnecessary debt. By instilling this philosophy into their children from an early age, they raise appreciative kids who value the things they do have.
2. They Grow Their Own Food
The Amish grow almost all of their own meats and vegetables and not only save significant money, but serve much healthier meals in the process. While raising your own cattle and pork is simply not an option for everyone, you need very little space to start a small gardenor herb box of your own.
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Buy 100 acres of land and grow food and family together [PHOTO SOURCE: https://www.facebook.com/photo/?fbid=263108289813122&set=a.156963517094267] https://blackforestproject421.blogspot.com/2023/09/dawdi-haus-for-elderly-parents.html |
3. They Make Saving a Priority
While the average American saves in the 5% range, the average Amish adult saves close to 20% of their monthly income. Savings becomes a way of life for the Amish and creates a sense of financial independence. Knowing that you owe money to no one, and are actually accruing interest on your savings, is something most Amish cherish.
Making more money will
not solve your problems if cash flow management is your problem. - Robert Kiyosaki [PHOTO
SOURCE: https://www.quotenova.net/authors/robert-kiyosaki/qgz9ma] https://thesamuraiseven7.blogspot.com/2023/04/robert-kiyosaki-on-budgeting-your-income.html
4. They Avoid Government Handouts
The idea of receiving food stamps, a welfare check, or government handouts is something the Amish frown upon. Part of this philosophy can be tied to their self-sufficiency and strong community which believes in helping each other when someone is having a rough spell financially.
5. They Value Experiences Above "Things"
When the Amish do make a purchase, they make sure the item provides value and is of high-quality, even if the item costs more upfront. Rarely, if ever, do they fall victim to flashy marketing campaigns designed to separate you from your money. They have the proper perspective when it comes to material things, and they place a high value on experiences and personal relationships.
6. They Are Smart Business Owners
According to Erik Wesner, who wrote the book An Inside Look at Why Amish Businesses Thrive, Amish small businesses have a survival rate hovering around 95%, compared to a 50% success rate for non-Amish. The reasoning has to do with leadership techniques and a strong work ethic. Business owners don't simply delegate all of the work and sit back and count the cash. Instead, they work right alongside new hires and create a sense of credibility with employees and customers, alike.
Those who spend too much
will eventually be owned by those who are thrifty. - John Templeton [PHOTO SOURCE: https://www.azquotes.com/quote/1407223]
7. They Rarely Waste Anything and Fix Everything
Frugality and resourcefulness is a way of life for the Amish. Clothing that is worn beyond use is cut for rags, and broken tools are fixed before the thought of being discarded enters the conversation. Part of their philosophy has to do with everything having a purpose and they don't succumb to the desire of wanting the newest fashion line or brand. The admirable decision to delay gratification creates wealth that can be used for significant purchases like farms, homes, and cattle. All purchases that can actually add to long-term happiness and financial security.
Amish community looking
for new buggies [PHOTO SOURCE: https://www.facebook.com/OurLivesMatter911/photos/a.144876646131289/1066488657303412/]
A horse and buggy
(in American English) or horse and carriage (in
British
English and American English) refers to a light, simple, two-person carriage of
the late 18th, 19th and early 20th centuries, drawn usually by one or sometimes
by two horses.
Also called a roadster or a trap, it was made with two wheels in
England and the United States (also made with four wheels). It had a folding or
falling top. https://en.wikipedia.org/wiki/Horse_and_buggy https://www.amishfarmandhouse.com/blog/amish-horse-and-buggies-guide/ https://ohiosamishcountry.com/articles/the-amish-and-their-horses
8. They Buy in Bulk
The Amish are famous for buying goods in bulk, both as a way to save money via quantity discounts, but also as an affordable way to feed a large number of mouths. Remember, most Amish families have several children in the home, and thus are cooking large meals. When I say "bulk buying," I'm talking about more than an average trip to Costco. Amish families regularly buy rolled oats in 50 pound sacks, 400 pound bags of flour, and 200 pound bags of sugar. While these amounts are simply not feasible for most families, there is no doubt that buying bulk items, in reasonable amounts, is a great way to save money.
9. They Rarely Pay Retail
Because of the large family size in most Amish homes, they "shop smart" and consider thrift stores, salvage stores, and auctions as the most practical way to stock up on clothing, tools, and household items.The idea of paying full-price for an item is something the Amish avoid as they realize the value of buying high-quality used items at a discount, especially if they can repair items to "like-new" condition for free.
Despite contrary belief, many Amish families will shop at a local Walmart if one is nearby. They take advantage of the low prices and bulk sizes available in many locations. According to Amish America, "Amish do not have moral issues with shopping at large retailers, viewing it as a matter of practicality and economy. It is not uncommon to see long rows of Amish buggies lined up at the buggy rails outside of Walmarts and other stores in Amish areas, and
By taking an inside glimpse at the Amish lifestyle and how they handle their money, we can learn some pretty cool tools on handling our own finances. Tools that can undoubtedly help you spend less, save more, and put money in the proper perspective.
This article is from Kyle James of Wise Bread, an award-winning personal finance and credit card comparison website.
INTERNET SOURCE: https://www.csmonitor.com/Business/Saving-Money/2015/0928/Nine-money-secrets-of-the-Amish
“Savings without a
mission is garbage. Your money needs to work for you, not lie around you.” –
Dave Ramsey [PHOTO SOURCE: https://www.ugandaempya.com/dave-ramsey-quotes/] https://blackforestproject421.blogspot.com/2023/09/the-envelope-budgeting-method.html
5 Brilliant Money Secrets to Living and Saving Money like the Amish
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The Amish are a group of Christians that live in the United States and Canada. Their simple lifestyle allows them to save money and avoid many routine expenses for an average household as well as avoiding the all too common lifestyle inflation.
Amish people tend to save money over spending money, and there is quite a bit you can learn from this mindset. But how exactly do the Amish save their money?
Amish people save money by limiting their expenses and valuing savings over frivolous spending. And Amish people are always looking for a deal. They also strive to live debt-free and be as self-sufficient as possible. All these habits help the Amish save money.
In this blog post, we will talk about the different ways that the Amish save money. Keep reading to learn the tips and tricks the Amish use to become savvy savers.
Wealth gained hastily
will dwindle, but whoever gathers little by little will increase it. – Proverbs
13:11 (ESV) [PHOTO SOURCE: https://www.pinterest.com.au/pin/421790321332799589/]
Table of Contents
The Amish Hold Off On Spending
The Amish tend to save money by saving up for purchases. Amish people are not keen on buying things right away, and they may wait a while before purchasing something that interests them.
How to Budget Biweekly Paychecks
Amish people will also often ask themselves if the purchase is necessary or it would be better to save up for another item of greater need.
The Amish have a unique take on saving money, and it may be just what you are looking for.
The following is a list of ways the Amish can save money and may be a perfect model for you to save after:
- Benefiting the community directly – The Amish people live in self-contained communities, and the Amish economy is localized.
- Using what you have is not overlooked – The Amish produce their goods from raw materials to finished products with a high degree of efficiency.
- Bartering is still used – In addition, the Amish use bartering, as well as exchange systems to trade amongst themselves for things like eggs or cheese from their animals, or services such as carpentry work.
This system the Amish live within and use as a main way of life has been so successful that the Amish often have more money than the average American.
The Amish Look For Deals
Amish people can usually find great deals at their stores because one person’s loss is the other person’s gain in Amish business practices. There are a few things you can do that borrow from the Amish’s smart saving habits:
- Reuse – If you can repurpose something, do it. Amish can find many uses for old or salvaged items that may be headed for the trash heap.
- Pool your resources – Amish people often pool their money to make a larger purchase together so they can save on costs and still get something everyone needs without having to spend too much of your own money
- Buy in bulk – Amish folks also buy large quantities when they see an item at a discount so that if it runs out again later in the year, they will have plenty of leftovers
- Buy second hand – Another way the Amish save money is by opting for used items and clothing over brand new items.
Precious treasure and
oil are in a wise man's dwelling, but a foolish man devours it. – Proverbs 21:20
(ESV) [PHOTO SOURCE: https://www.amazon.com/Adamant-Precious-Treasure-Dwelling-Proverbs/dp/B09G1H35K7]
One of the main practices for the Amish is to reduce, reuse, and recycle as many things as possible. This even comes down to buying products that are going to have less waste.
For instance, they choose to avoid buying butter that comes in a paper wrapping that will degrade easily and opt for choosing an option that comes in a container that can be repurposed and reused.
Another way the Amish save money is by buying second-hand. Buying second-hand goods from different outlets provide ample opportunity to buy items without breaking the bank, and doing so allows Amish to continue saving rather than shelling out the cash on fancy new duds.
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"Divide your fortune into four equal parts: stocks, real estate, bonds and gold coins. Be prepared to lose on one of them most of the time. During inflation, you will lose on bonds and win on gold and real-estate; during deflation, you lose on real estate and win on bonds, while your stocks will see you through both periods, though in a mixed fashion. Whenever performance differences cause a major imbalance, rebalance your fortunes back to the four equal parts.” – Jakob Fugger Everything You Could Need Extra Money For (And Why Saving Is So Important) [PHOTO SOURCE: https://financebuzz.com/why-saving-is-important] |
The Amish Stay Debt-Free
When it comes to living an Amish lifestyle, because they avoid opening credit cards and taking out private loans, they can stay relatively debt-free. Amish people do not take out loans, allowing them to stay debt-free.
Amish individuals also avoid credit cards because they believe that the act of borrowing money should only be done when there is no other choice to avoid future financial woes.
A great example of this would be Amish farmers who can purchase seeds and groceries with cash instead of taking a loan out for these items, which helps keep their finances strong.
Many times because they use the bartering systems, goods and services can be exchanged without going into debt.
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“I am convinced that material things can contribute a lot to making one’s life pleasant, but, basically, if you do not have very good friends and relatives who matter to you, life will be really empty and sad and material things cease to be important.” — David Rockefeller [PHOTO SOURCE: https://quotefancy.com/quote/1387987/David-Rockefeller-I-am-convinced-that-material-things-can-contribute-a-lot-to-making-one] |
Creating Self-Sufficiency is Key for the Amish
The Amish live a simple life and are masters at doing everything for themselves and teaching each person in their community the skills needed to handle certain trades.
People outside the Amish community would tend to outsource the following skills and pay extra for the convenience:
- Blacksmith
- Carpenter
- Farmer
- Shoemaker
- Tailor
Amish people save money by avoiding paying extra for these services. This is because they teach their community members to become equipped with these skills over time.
Bulk Shopping and Cooking Saves Money, Too
The Amish also save money by investing in bulk items and cooking from scratch in large batches. This reduces the overall cost of groceries over time and allows an Amish family to save money.
Additionally, the Amish greatly reduce many of their food bills because they farm for themselves and do all their cooking at home.
Amish people grow their food, produce it on the farm, and can all make meals together. The Amish save money by always having enough of what they need.
And the Amish tend not to go out to restaurants as these are a luxury found outside of many Amish communities. This again saves them money because they are not paying for the convenience of pre-prepared food.
A
penny saved is a penny earned [PHOTO
SOURCE: https://www.quoteslyfe.com/quote/A-Penny-Saved-is-a-Penny-Earned-3898]
In Summary: The Amish Are Thrifty Savers
The Amish make sure to emphasize saving money over spending money, and this mindset is the basis for their savings scheme.
Amish people also pay for goods in cash; this reduces the amount spent annually over time as opposed to buying items with credit cards or loans, which incur additional fees.
The Amish pay cash for goods which reduces the amount spent annually over time, unlike buying items with credit cards or loans, which incur more charges when you factor in interest rates and late payments.
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INTERNET SOURCE: https://mommanagingchaos.com/saving-money-like-the-amish/
11 Ways to Save Money When You Buy in Bulk
Written by D.P. Taylor
Updated 4 January 2022
There's nothing like the feeling of landing a huge packet of pork chops for a fraction of the cost. But then, you start to wonder, When am I going to eat all these? Follow these tips to ensure you make the right choices when bulk-buying so you don’t end up wasting money or food.
The McCallums go
shopping in Woolworths. Elizabeth pushes Abi in the trolley.Credit:
Meredith O'Shea Money
is only a tool, not a goal. – Amish Proverb They spend only $60 each week at Woolworths for 10
people (buying essentials like toilet paper, matches and shampoo. Bananas, even
mandarins, are sometimes bought as a treat). We emerge into the blinding
sunlight and onto the front verandah. The smaller children run towards us,
squealing. One of the daily highlights has just happened: the mail delivery. We
head to the road stall, which is quiet now, but the family is flat out selling
produce from December to April. The children are paid 10 per cent of sales for
their picking work, Bethany says. "Once a year we get on the bus and go to
Launceston to Toyworld or Kmart and we have a really exciting time." BLOG: https://blackforestproject421.blogspot.com/2023/11/the-mccallums-one-of-australias-few.html
1. Mind Your Budget
It’s important to stick to your budget, even when buying in bulk. While it may be tempting to think the more you buy, the more you multiply your savings, you’ll eventually reach a point of diminishing returns—or even losses. That’s because people are often over-optimistic about how much of an item they can consume.
Bulk-buying may save money in per-unit terms, but it's expensive up front. It can be easy to spend too much money on bulk items and not have enough left over for regular groceries. Carefully monitor your budget and set a limit for how much you’ll spend on each bulk-buying trip.
2. Plan Your Meals Before You Shop
Making a meal plan can help you avoid certain on-sale items that don't fit into your carefully crafted food calendar. It can also help you zero in on specific food items to see if there are bulk discounts rather than wasting time shopping around.
Generally, it's a good idea to plan your meals each week. It helps you eat healthier and save money rather than panic-ordering takeout when you get home from work when you remember you have nothing ready for dinner.
3. Keep Coupons Organized and Handy
Combining coupons with bulk-buying is a great way to maximize your savings. It’s also a sign you've done the proper planning to limit waste rather than impulse-buying something that's on sale. Have your coupon ready, and wait until there's a sale to pull it out.
4. Ensure You Have Storage Space
It's no good to buy in bulk if you don't have storage for bulk goods since there's only so much space in the fridge. This is less of a problem for nonperishables, but it's a good idea to find a room in your home to keep your bulk goods so people aren't tripping over them on the kitchen or pantry floor.
Look into some stylish storage solutions for your bulk items. You might even consider installing some home storage solutions for additional space-saving benefits.
5. Buy Only If It’s a Necessity
If you buy food or items in bulk, it should be something you regularly use. Don't talk yourself into thinking you'll change up your entire meal routine to accommodate that 50-pound bag of beans you bought. If you're not a regular bean eater, it’ll probably sit in the pantry and gather dust (or worse, mice).
Just because you're buying a lot of one item doesn't mean it'll save you money compared to purchasing an individual unit. Sometimes, a massive pack of steaks will cost you a lot more than buying a few individual ones at the supermarket, particularly if they're different cuts.
6. Examine the Price Per Unit
Are you really saving that much money by buying in bulk? Maybe, maybe not. The best way to determine if you are is to check the price per unit. For example, those paper towel rolls may all look the same size, but some have different sheet counts. Many grocery stores include the price per square foot or some similar measurement in smaller print on the price tag, but it’s relatively straightforward to calculate the savings yourself.
7. Be Weary of Expiration Dates and Perishable Items
Unless you're planning a huge cookout, don't bulk-buy perishables. They'll take up a considerable amount of space in your refrigerator, and you're almost guaranteed to throw out a lot of the food when the sell-by date arrives.
Instead, the best way to take advantage of the savings is to stock up on items you use all the time. For example, toilet paper is one of the best things to bulk-buy because you use it every day, and it can sit in your closet for a long time.
8. Look for Bulk Food-Buying Opportunities
Sometimes, local stores will have bulk food sales and promotions you can take advantage of. For example, National Bulk Foods Week is in mid-October, and many stores use the opportunity to offer special deals to their customers. Ask your local store what kind of sales events are coming up.
9. Team Up With Friends and Family
That huge package of pork chops will probably go to waste if you buy it, even though the price per unit is spectacular. But what if you have some friends or family who live nearby to split them? This could make bulk-buying work for you—and justify buying perishables in bulk.
Of course, you'll have to plan out the logistics and possibly go shopping together. For example, you wouldn't want to get a giant jar of mayonnaise and have to split it by scooping it into separate Tupperware. Instead, decide on some standard perishables you might all need and split those accordingly.
10. Know What You Already Have
It's easy to lose track of what's in the pantry. Keep a detailed inventory of what you have and review it before heading to the store. Also, learn how to organize your pantry, which ensures you don't accidentally buy another bag of white rice.
11. Have a Designated Day for Bulk Shopping
Rather than bulk-buying on a whim, choose a specific day of the week for your bulk-shopping. For example, if you plan your meals on Saturdays, take a trip to the store on Sundays to look for deals. That way, you'll be better prepared and give yourself the best chance to score a sale that’ll actually save you money.
INTERNET SOURCE: https://www.angi.com/articles/how-to-save-money-buy-bulk.htm
Envelope
Budgeting System [PHOTO
SOURCE: http://www.thedigeratilife.com/blog/home-budget-envelope-budgeting-system/] BLOG: https://blackforestproject421.blogspot.com/2023/09/the-envelope-budgeting-method.html
6 Creative Ways to Save Money With Bulk Buying
By Kyle James
When it comes to buying in bulk, warehouse clubs get all the publicity. But there's a lot of stuff they simply don't sell, or the amounts they do sell just aren't big enough. It's times like these when some out-of-the-box thinking on bulk buying comes in handy. (See also: 10 Things You Didn’t Know You Could Buy in Bulk)
Below are some bulk buying ideas that you've probably never considered, but could end up saving you significant money.
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Sinking funds are the best way to save up and cashflow major purchases! [PHOTO SOURCE: https://www.facebook.com/photo.php?fbid=478782686934045&set=pb.100044069532210.-2207520000&type=3]
https://www.ramseysolutions.com/saving/stop-the-panic-sinking-fund |
1. Home Improvement Materials
If you're considering a significant home improvement project and want to tackle the work yourself, look into buying in bulk at the Home Depot Pro Desk. If you spend at least $2,500, you're eligible for exclusive savings and rewards when buying building supplies like lumber, masonry, nails, screws, and sheetrock.
If you're doing landscape work at your house and the idea of hauling 25 bags of bark is overwhelming, consider buying landscaping materials in bulk from a local supplier. If you don't own a truck, borrow a friend's and haul things like bark, rock, and soil directly to your home and easily save 25% to 50%, depending on the material.
2. Online "Subscribe & Save" Programs
It seems like every other person you see at Costco or Sam's Club pushes a cart around with a huge package of toilet paper or dog food hanging over the edge. While these are often good bulk buys, did you know that you can typically get the same products mailed directly to your home via online "Subscribe & Save" programs? The two big players are Amazon and Target, and their pricing is surprisingly competitive. They both offer free membership, free delivery, and Amazon even offers 15% off if you have at least three items mailed to your home on a regular schedule.
If you are a busy parent, and love the idea of having certain items sent to your doorstep on a regular schedule, you should definitely look into it. Some of the popular items include diapers, toilet paper, laundry detergent, dog food, shampoo, soap, and paper towels. The best part of both programs is the flexibility. If, for example, you have enough toilet paper to last six months, you can easily postpone future deliveries with no penalty.
3. Meat
If you have the freezer space, consider teaming up with friends or family and buying half a hog or a quarter of a steer.
First, consider purchasing a 4-H project animal from your local county fair. You'll pay more than market price in most cases, but you'll be supporting local 4-H kids and end up with very high quality, antibiotic-free meat.
Second, check out your local butcher shop for bulk meat buys. For example, my local butcher shop has a "beef deal" for five pounds of each of the following: round steak, chuck steak, 7-bone chuck roast, short ribs, and ground beef. Total price = $89.99 or $3.60/pound. If you have the freezer space, it's a great way to stock up and save.
4. Gift Cards
I have two kids who play youth sports year-round, and we are constantly buying coach gifts. Gift cards make awesome presents, especially when you buy in bulk from Costco. I recently bought five $10 Jamba Juice gift cards for only $30. So the next time you are hard up for a gift for a coach, teacher, or friend, swing by Costco and stock up on the cheap. Another cool thing about buying gift cards from Costco is they often feature local restaurants and businesses in addition to the usual chains.
5. Gas
For a $30 annual membership fee, MyGallons will allow you to buy a large portion of gas at the current price. The service basically protects against a gas price increase over the coming months or years. You fill up at the station of your choice, and get a credit to your checking account or MyGallons debit card whenever you buy gas for more than your "buy-in" price. If gas prices go down, you can hold your gallons indefinitely until prices go up again, which they undoubtedly will. (See also: Best Gas Rewards Credit Cards)
6. Fruit and Veggies
If your family devours fruits and veggies like they are going out of style, you know just how expensive it can be to keep the fridge stocked. The absolute best way to stock up and save is by purchasing straight from the grower. Summer and fall are terrific times to hit up local farms, roadside stands, and farmer markets. I buy apples, apricots, peaches, and nectarines by the bushel basket from a local farm and typically negotiate a price 25%-40% cheaper than the grocery store.
Also, ask local farmers if they have any "seconds" available to score a great deal on fruit and veggies that may not be perfectly shaped or colored, but still taste amazing. We are talking 50% off compared to the price of "perfect" varieties. By building a rapport with the farmer, they'll let you in on some great bulk buys.
What is the most out-of-the-box bulk purchase you have ever made and how much did it save you?
INTERNET SOURCE: https://www.wisebread.com/6-creative-ways-to-save-money-with-bulk-buying
“If you’re a saver, your
first instinct would be to save that first $100. Savers prefer money tucked
away. Putting money away for the future isn’t a major sacrifice; it is a sense
of security.” – Rachel Cruze [PHOTO SOURCE: https://www.facebook.com/photo.php?fbid=467263388085975&set=pb.100044069532210.-2207520000&type=3]
MY THOUGHTS:
Ordnung Geldschrank is a good budgeting method where I feel it is similar to the Envelope Budgeting method, Kakeibo (家計 簿) and also the four pillars of investing. As German Banker, Jakob Fugger wrote:
"Divide your fortune into four equal parts: stocks, real estate, bonds and gold coins. Be prepared to lose on one of them most of the time. During inflation, you will lose on bonds and win on gold and real-estate; during deflation, you lose on real estate and win on bonds, while your stocks will see you through both periods, though in a mixed fashion. Whenever performance differences cause a major imbalance, rebalance your fortunes back to the four equal parts.”
Most Anabaptist are descendants of the Peasants during the 16th century in Germany and Switzerland. That is why I suspect that this budgeting tactic had been passed down from generation to generation. Whether you are Amish or not, have a high or low income, I strongly recommend this budgeting tactic.
As the Amish proverb goes as saying: “Money is only a tool, not a goal.”
Money
is only a tool, not a goal. – Amish Proverb [PHOTO
SOURCE: https://suzannewoodsfisher.com/amish/too-much-money/]
RELATED LINKS:
https://vonborstel.com/four-pillars-for-financial-success/
https://www.amishfarmandhouse.com/blog/learning-to-speak-like-the-amish/
ORDNUNG GELDSCHRANK LINKS:
“The real secret of happiness is not what you give or what you receive, it’s what you share.”
“Siblings are the people we practice on, the people who teach us about fairness and cooperation and kindness and caring --- quite often the hard way.” – Pamela Dugdale
SIBLING PARTNERSHIP – FOR FAMILY AND COMMUNITY
https://blackforestproject421.blogspot.com/2023/05/sibling-partnership-for-family-and.html
Happiness comes from spiritual wealth, not material wealth... Happiness comes from giving, not getting. If we try hard to bring happiness to others, we cannot stop it from coming to us also. To get joy, we must give it, and to keep joy, we must scatter it. - John Templeton
PARTICIPATORY BUDGETING FOR THE COMMUNITY
https://blackforestproject421.blogspot.com/2023/07/participatory-budgeting-for-community.html
“Savings without a mission is garbage. Your money needs to work for you, not lie around you.” – Dave Ramsey
THE ENVELOPE BUDGETING METHOD
https://blackforestproject421.blogspot.com/2023/09/the-envelope-budgeting-method.html
"Divide your fortune into four equal parts: stocks, real estate, bonds and gold coins. Be prepared to lose on one of them most of the time. During inflation, you will lose on bonds and win on gold and real-estate; during deflation, you lose on real estate and win on bonds, while your stocks will see you through both periods, though in a mixed fashion. Whenever performance differences cause a major imbalance, rebalance your fortunes back to the four equal parts.” – Jakob Fugger
CASH IS KING AND WHY THE WORLD WILL NOT GO CASHLESS
https://blackforestproject421.blogspot.com/2023/06/cash-is-king-and-why-world-will-not-go.html
Kakeibo (家計 簿) Links:
Making more money will not solve your problems if cash flow management is your problem. - Robert Kiyosaki
https://thesamuraiseven7.blogspot.com/2023/04/my-kakeibo-journal-part-1.html
This is everyone’s money. Money is an expression of our own hearts. In the world today, there are many misfortunes involving money. Here, people live supporting each other. If people’s hearts become one, it is natural that money also become one and is shared by everyone. Everyone can live happily with less money than if they owned it individually. This is one wallet economy. – Accountant of the Konohana Family
https://thesamuraiseven7.blogspot.com/2023/03/the-one-wallet-economy-of-konohana.html
“He who laughs at one yen will weep at one yen.”
https://www.jrpass.com/blog/everything-you-need-to-know-about-japanese-yen-when-traveling
https://thesamuraiseven7.blogspot.com/2023/06/why-japan-still-uses-cash.html
It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for. - Robert Kiyosaki
https://thesamuraiseven7.blogspot.com/2023/04/robert-kiyosaki-on-budgeting-your-income.html
Treat people you do business with as if they were a part of your family. - Konosuke Matsushita
https://thesamuraiseven7.blogspot.com/2023/03/the-7-guiding-principles-of-konosuke.html
RELATED LINKS:
“Buying a chunk of land, building a home, and raising our children away from the noise. That is the goal.”
If more of us valued food and cheer and song above hoarded gold, it would be a merrier world. - J. R. R. Tolkien
The McCallums – One of Australia’s few Amish families
https://blackforestproject421.blogspot.com/2023/11/the-mccallums-one-of-australias-few.html
True community arises out of transformation, and only transformation can make real community. – Eberhard Arnold
The McCallums and their community
https://blackforestproject421.blogspot.com/2023/11/the-mccallums-and-their-community.html
Brandenberger Family Music
https://www.youtube.com/c/BrandenbergerFamily
What makes Amish life simple: family, home, community, and faith.
https://blackforestproject421.blogspot.com/2023/11/community-living-quotes.html
The family that works together, eats together, and prays together, stays together. – Amish Proverb
https://blackforestproject421.blogspot.com/2023/05/family-value-quotes.html
Happiness comes from spiritual wealth, not material wealth... Happiness comes from giving, not getting. If we try hard to bring happiness to others, we cannot stop it from coming to us also. To get joy, we must give it, and to keep joy, we must scatter it. - John Templeton
https://blackforestproject421.blogspot.com/2023/07/participatory-budgeting-for-community.html
Amish Family Size: How many children is typical?
Amish families are large, with 6-7 and even up to 9 children on average
https://amishamerica.com/how-many-children-do-amish-have/
Four Core Values of the Amish culture:
https://www.amishbaskets.com/blogs/blog/amish-values
https://www.amishvillage.com/blog/the-4-core-values-of-the-amish-culture/
https://blackforestproject421.blogspot.com/2023/09/dawdi-haus-for-elderly-parents.html
Heredi Jews singing = https://www.youtube.com/watch?v=iO9_rhaLjZE
An
Amish farmhouse AKA Heemet in Pennsylvanian Dutch [PHOTO
SOURCE: https://www.amishbaskets.com/blogs/blog/do-the-amish-use-banks] https://www.amishfarmandhouse.com/blog/learning-to-speak-like-the-amish/ BLOG:
https://blackforestproject421.blogspot.com/2023/11/the-mccallums-one-of-australias-few.html
.... …. https://blackforestproject421.blogspot.com/2023/09/dawdi-haus-for-elderly-parents.html
VIDEOS ON THE PLAIN PEOPLE LINKS:
Very few burdens are heavy if everyone lifts. – Amish Proverb
We do not relegate the pulpit work, or the rest of the church’s teaching, to the lead pastor to handle as much as he can alone and then fill slots when he’s on vacation. We value plurality in teaching, and preaching, just as we value the plurality of elders in decision-making, oversight, and pastoral ministry throughout the week. We begin not by asking how the lead pastor can preach as much as possible, but by asking how we can most effectively teach and preach as a team of pastors.
- Team Preaching by David Mathis [https://www.desiringgod.org/articles/team-preaching]
https://blackforestproject421.blogspot.com/2023/06/team-preaching-is-like-barn-raising.html
"If we don't want the government to tell us how to conduct our church affairs, we had better not tell them how to run the government.” – 1001 Questions and Answers
https://blackforestproject421.blogspot.com/2023/10/how-amish-cope-with-covid.html
The Amish way of life | FULL DOCUMENTARY
https://www.youtube.com/watch?v=pRodjLbdTps&t=1463s
Inside the Amish & Mennonite Community - Full Documentary - Living Plain
https://www.youtube.com/watch?v=FwL_evg5z1I&t=1235s
Mennonites: Life in the Ultra-Conservative Christian Colonies of South America (Documentary)
https://www.youtube.com/watch?v=qdyVNoazurI
https://www.instagram.com/reel/CtQVOlhLXQ-/
Day 1 Moving Sunday School
Mar 1, 2023
This the detailed video of day 1 of moving the St Marks Sunday School from Bridport to Springfield. This building was used for a multitude of purposes, line and tap dancing, girl guides, cubs, brownies and a school library as well as a Sunday School. It was impressive to watch a team of professionals navigate the tight spaces to set up their gear and move the building without doing any damage. Part 2 will show how it travelled by road through Scottsdale, up Saliers Hill to its new home on the Amish family farm at Springfield.
FB SOURCE: https://fb.watch/j-CVILKhFe/
YT SOURCE: https://www.youtube.com/watch?v=lCr-eYMNqnA
RUMBLE VIDEO: https://rumble.com/v2j6jhu-day-1-moving-sunday-school.html
BITCHUTE VIDEO: https://www.bitchute.com/video/mESBcErrl83C/
VKontakte Video: https://vk.com/video543023742_456239089
https://goo.gl/maps/r3GFg991ScVhx7o27
https://www.abr.business.gov.au/ABN/View?id=40127826736
https://northeasternadvertiser.com/featured-articles/sunday-school-breathes-new-life
Day 2 Sunday School Move
Mar 2, 2023
This is the second day of the St Marks Sunday School moved to the McCallums Amish farm at Springfield. There was quite a crowd at Saliers Hill waiting to see the wide load negotiate the narrow avenue between the trees.
FB SOURCE: https://fb.watch/j-CY0RSLiJ/
YT SOURCE: https://www.youtube.com/watch?v=edOfabIxfwY&t=247s
RUMBLE VIDEO: https://rumble.com/v2jluee-day-2-sunday-school-move.html
BITCHUTE VIDEO: https://www.bitchute.com/video/2nYELNl6BunJ/
VKontakte Video: https://vk.com/video543023742_456239090
https://vk.com/id543023742?w=wall543023742_224
https://goo.gl/maps/r3GFg991ScVhx7o27
https://www.abr.business.gov.au/ABN/View?id=40127826736
https://northeasternadvertiser.com/featured-articles/sunday-school-breathes-new-life
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