7 Biblical Money Management Principles

7 Biblical Principles of Money Management

The 7 Biblical Principles of Money Management that you are about to learn were carefully selected to assist you in reaching financial freedom God’s way. Master these Heavenly Principles On Money Management and your financial life will never be the same again. Many desire to reach financial freedom and enjoy the benefits of a debt-free life but very few know how to go about successfully. Some start just to get lost along the way while others do not even know where to start. Successfully reaching financial freedom in life is all about correctly managing your finances. As a Christian, it is not just all about managing your finances but doing so in a way that is pleasing to God. Understanding and making use of the following 7 Biblical principles of money management will not only make you financially successful but will also guide you into gaining favor before God.

A good number of Christians understand saving for retirement or disability. But very few actually understand and adopt a practical theology for managing their money. When it comes to saving and investing for a distant or uncertain future, many Christians are getting it all wrong. The complexity of this subject matter increases because of the different perspectives that Christians have about it. Some followers of Christ promote a life of denial, avoiding any savings and luxuries for the sake of God’s kingdom. This not withstanding, other followers of Christ suggest avoiding debt, budgeting, and regular saving in order to benefit from a life free of financial struggles. People who adopt the later approach are more likely to end up in Financial Independence as they’ll Retire Young without anything to regret about their finances.

The Best 7 Biblical Principles of Money Management (Heavenly Principles On Money Management)

God wants you to prosper as we can read from Jeremiah 29:11 – “For I know the plans I have for you, declares the Lord, plans to prosper you and not to harm you, plans to give you hope and a future.” It is with this in mind that we believe that every Christian has the blessings of God to succeed. Note here that although God has plans to make you successful, you also have a role to play in order to achieve this success. God won’t come down to do everything for you. He provides you with good health, working power, and wise financial advice which is found in the Bible. By learning God’s wisdom in the financial sphere, you’ll stand higher chances of making it in life. God is willing and ready to bless the efforts of those who honor his command to work for a living.

How to prepare for God’s financial blessings

The first way to prepare yourself for God’s financial blessings is to embrace hard work as the only way. Did you know that work was established by God? Remember that God himself took 6 days of work in creating the Earth. The scriptures say that he worked continuously for 6 days without resting as we can read from Genesis 1. It was not until the 7th day that God took some rest for himself. It is in this same line of thinking that he commanded Adam to work for a living. We believe that with a hardworking spirit, God will bless your efforts and you’ll be able to grow and maintain wealth. The second way to prepare for God’s financial blessings is to honor his commands. Also, note that the first way in itself is another way of honoring God’s command.

Those who respect God’s commands will benefit from his love, favor, blessings, and wisdom in this life and in that to come. By honoring God’s commands, you are putting yourself in a better position to receive his financial favor. Let’s support this saying by reading from Deuteronomy 28:1 – “If you obey the Lord your God and carefully follow all his commands I give you today, the Lord your God will set you high above all the nations on Earth.” This Biblical verse guides us into the fact that obedience to God yields favor and blessings. Keep to God’s commands and he’ll keep to his promises of blessing and uplifted your plans as he makes them successful.

The 7 Biblical Principles of Money Management worth knowing by every Christian (Heavenly Principles On Money Management)

Achieving financial success in life is not all about how much you earn or how much money you make. It is more of how well you can manage the money earned. Although achieving financial freedom or financial independence is challenging, it is not impossible. Your current financial situation does not even matter. Even if you are currently soaked in debts and think that the only option is to go for credit card loans no guarantor, we are here to tell you that there is hope. It is possible to come up with a strategy that will help you to pay off all your credit card debts and start a journey towards achieving financial freedom God’s way.

All you need for financial success is determination, discipline, and hard work. With God on your side, you’ll end up successfully. Having in mind that wealth achievement is governed by how well a person manages his/her money, we’ll suggest that you take the following 7 Biblical Principles of Money Management serious:

1. Keep in mind that everything you have comes from God (James 1:17)

James 1:17 – “Every good gift and every perfect present comes from heaven; it comes from God, the creator of the heavenly lights, who does not change or cause darkness by turning.” Seeing God as the owner of everything on Earth and in Heaven is one of the most important 7 Biblical principles of money management worth knowing by all Christians. Failing to understand this will lead you to wander far away from God. God indeed is the owner of your life, money, house, car, and business. In short, he is the true owner of all our possessions. All that we have has been entrusted to our care by God. Acknowledging this fact and correctly managing the little that he has given us will open new doors for more.

2. Seek God first (Matthew 6:30-33)

Matthew 6:30-33 – “It is God who cloths the wild grass – grass that is here today and gone tomorrow, burnt up in the oven. Won’t he be all the more sure to clothe you? How little faith you have! So do not start worrying: ‘Where will my food come from? or my drink? or my clothes?’ (These are the things that the pagans are always concerned about.) Your father in heaven knows that you need all these things. Instead, be concerned above everything else with the Kingdom of God and with what he requires of you, and he will provide you with all these things.” In simple terms, be concerned about the things of God and he will provide all your needs. Let your heart go after the will of God and you’ll live to testify his goodness. Worry not about your finances but trust in God who never fails.

3. Spend your money wisely (Isaiah 55:2)

Isaiah 55:2 – “Why spend money on what does not satisfy? Why spend your wages and still be hungry.” Many Christians are currently living lives of financial struggles just because they spend more than what they earn. Spending all that you earn or spending more than what you earn is the doorway into credit card debts. The painful part is that even when they are deeply soaked in credit card debts, most do little to nothing in order to pay off the debts. It is then that you’ll see them searching for bad credit card loans with no guarantor. It is high time, that Christians start cultivating the habit of spending wisely. Avoid spending more than what you earn or even spending all that you earn. If you are serious about enjoying a debt-free life upon reaching financial freedom, you’ll need to be disciplined enough to minimize spending.

4. Love God, not money (1 Timothy 6:10)

1 Timothy 6:10 – “For the love of money is a source of all kids of evil. Some have been so eager to have it that they have wandered away from the faith and have broken their hearts with many sorrows.” Love God, not money. By so doing, you’ll be favored by God who will, in turn, provide you with enough money to meet up with your needs. Note that money in itself is not evil for such is not written anywhere in the scriptures. The problem with money comes in when a person puts it before God. What does the Bible refer to by “Love of Money”. The love of money steps in when a person is so eager to have it that he/she is ready to break God’s commands just to get it. Some people are so eager to have it that they won’t mind stealing or cheating.

5. Avoid debt (Proverbs 22:7)

Proverbs 22:7 – “Poor people are slaves of the rich. Borrow money and you are the lender’s slave.” Upon reading this, it is clear that the Bible does not encourage borrowing money. That’s why you should do your best to avoid debts as much as possible. Borrowed money from a friend or a family member creates a barrier that leads to a debt-lender unhealthy relationship. If you are in debt, do your best to pay off the debts. Also, take precautions to avoid being in the position to borrow in times to come. If you must borrow then make sure that it is to obtain items whose value won’t depreciate like education and a house. Avoid borrowing to purchase items like cars that won’t help in growing or maintaining your wealth. Check the following related articles to better understand what the Bible has to say about debts:

6. Save and Invest (Proverbs 22:7)

Proverbs 21:20 – “Wise people live in wealth and luxury, but stupid people spend their money as fast as they get it.” Savings are like seeds that are susceptible to be multiplied through planting which is like investing. Saving goes hand-in-hand with investing. Both shouldn’t be separated. Even the scriptures clearly point out to the fact that only stupid people spend all that they earn. A wise man desiring to achieve wealth and benefit from financial freedom understands the power of saving money. Through saving, you’ll be able to raise a reasonable amount of money that can be invested to yield in more. As a Christian, we’ll advise that you go for Biblical Responsible Investing opportunities. Such are those that take into consideration God’s commands while aiming at making the world a better place. Avoid investing in immoral activities or businesses.

7. Use the power of giving (Luke 6:38)

Luke 6:38 – “Give to others, and God will give to you. Indeed, you will receive a full measure, a generous helping, poured into your hands – all that you can hold. The measure that you use for others is the measure that God will use for you.” There is power in giving. Giving in itself is one of the most important 7 Biblical principles of money management that works. Through the generous act of giving, new financial doors are opened in your life. By giving here, we are not just referring to giving money. You can give anything moving from money to your time. Knowing well fully that all that we have has been entrusted into our hands by God, we’ll have to give an account of how we managed it. Note that it is giving out of love that makes are sacrifices acceptable before God.

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