What Does The Bible Say About Money Management

What does the Bible say about Money Management? This is a pretty nice question which is usually asked when dealing with Christian Finances. We’ll surprise you by saying that unlike what many people think, the Bible clearly explains how Christians can properly manage money. If you’ve ever asked yourself what does the Bible say about money management then you are at the right place to learn. It is without doubt that the Bible has much to say about money and how it can properly be managed in ways that are pleasing to God. And we all know that the Bible is an authoritative guide when it comes to revealing God’s mind about any aspect. The aspect of Money in the Bible is clearly explained. It is with this information that we’ll pour more light to what God is saying about Money Management in the midst of His children.

Today, many Christians are struggling when it comes to finances. Perhaps this is because they are ignorant about what it takes to grow and maintain wealth in a way that is pleasing to God. The scriptures clearly point out much in terms of financial wisdom. Mastering this wisdom from the scriptures will guide you into successfully handling your financial life. We also know of people who were wealthy in the past but today, they hardly consume a full meal per day. This is as a result of mismanagement of their wealth. Indeed, God blessed them but they were unable to properly manage it. We can also attribute this to the lack of Biblical knowledge on money management. The scriptures hold much to say about properly managing your wealth. Sticking to what the Bible has to say about money management will improve on your financial life.

What Does The Bible Say About Money Management?

Getting back to our topic on on what does the Bible say about money management, we say that it’s God’s will for us to successfully manage our money. In Romans 13:8, we are encouraged not to be in debt. Proverbs 22:7 clearly refers to debtors as slaves to their lenders whereas 1 Corinthians 7:23 invites us not to be slaves of others. In Jeremiah 15:10, we are encouraged to desire debt freedom. By debt freedom, we mean a stage in life whereby you owe nothing to anyone apart from love which God commanded you to offer to your neighbor. Being debt free is a wonderful experience worth striving for. Also read our writing on Bible verses about debt free. We are taught through the verses what it takes to be free from debt and enjoy the blessings of God through obedience.

God’s will about your finances

Always have in mind that God wants you to prosper and enjoy the good things which he created out of love for mankind. In this same likeness, God wants you to be debt free. Debt is considered a cures by the scriptures as we can read from Deuteronomy 28:15, 43-45. On the other hand, the scriptures also consider debt freedom as a blessing as we can read from Deuteronomy 15:4-6 and Deuteronomy 28:1-2, 12. Thus, you should never doubt God’s desire to bless and make you prosperous. God speaks through the scriptures that He will bless, uplift and render prosperous all those who keep to his commands. By honoring and respecting God ‘s commands, you are inviting Divine Favor which will work for your good. Those who are favored by God are likely to have heaven pour down so much blessings than their storerooms can contain.

What is money management?

Money management is the discipline of budgeting, saving, and spending. It can as well be perceived as overseeing the capital usage of an individual or a group. This phrase is popularly used in the financial markets to refer to the proper use of funds.

How to successfully manage your money

1. Make a Budget

Making a budget can help to save you from unnecessary spending. In this way, you’ll save more and invest more thereby boosting your path to financial freedom. With such a practice, you’ll hardly find yourself in debts. Living a debt free life will likely bring you much happiness. Budgeting has to do with writing down all your expected spending for a month and sticky to them. Without a budget, you are likely to spend all the money in your wallet each time you see something and desire it. A budget restricts your spending habit and helps you to be more financially conscious when making even the least expenditure. The process of coming up with a monthly budget might be boring but it is worth your time. Note that making a budget is easy but sticking to it is really challenging.

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2. Saving

Failure to save is the author of debts. Financial wisdom requires that everyone learns and practices saving for better moments and emergencies. If you are working and not saving, you are making a mistake. If you practice saving, you’ll hardly find yourself in debts due to financial issues. By saving today, you’ll be able to make it tomorrow when times are hard. Saving also opens new investment doors which have the potential of boosting your wealth and leading you to financial freedom. We mean to say that saving provides you with reasonable amounts of money which can be invested into business for higher returns in terms of profitability. For this purpose, we’ll advice that you go for automated savings whereby a percentage of your monthly earning is automatically deducted for saving before you get in touch with your salary. This will eliminate the temptation of using all the salary.

3. Limit the use of credit card purchases

If you are serious about living a debt free life, you must stay away from credit card purchases. Chose to make most of your purchases with physical cash than using the credit card. With the credit card, you will hardly be conscious of the spending till the day you are asked to payback. By using physical cash to pay for your goods and services, you turn to be conscious of the spending and won’t exaggerate. Always remember to payoff your credit card debts every month. This is a good practice for anyone who wants to maintain a good credit card score. Also avoid the use of more than one credit card. This will prevent you from getting soaked in debts and searching for loans for those with bad credits. Such loans turn to come at a very high interest risk that they’ll further soak you in more debts.

5. Work hard

Truth be told, making money and reaching financial freedom through God’s way of justice, and honesty is not that easy. In other words, hard work is the key to success. If you desire to be debt free, step out and start working hard. God will certainly bless your efforts and make you successful. Being lazy will lead you into severe poverty and hardship. On the other hand, being hard working will make you prosperous and wealthy.

6. Put God first

All things are possible with God. Put God first in all that you do and it shall be well with you and your family. Counting on your strength won’t lead you to any place. Instead of looking at your strength which can fail, you should rather look on God who never fails. Pray and request for His wisdom to manage your wealth and he will eventually bless you with more wisdom than you can carry.

7. Be Generous

Always remember the scripture that says everything on Earth and in Heaven belongs to God. Holding to this divine truth, we can say without doubt that men are simply keepers of wealth and not its owners. And if you be a keeper of what has been entrusted to you, make sure to properly handle it in the likeness of he who gave you. God is the father of love and giving is a fruit of love. We as Christians ought to freely give and share our blessings with others. For this is pleasing to God. Such will open Heaven to pour more blessings to us than we can carry. This should be kept in mind when asking what does the Bible say about money management.

Bible Verses about Money Management

Still bringing more light to what does the Bible say about money management, we’ll present the following scriptural verses:

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Group 1

Proverbs 3:9 – “Honor the Lord with your wealth and with the firstfruits of all your produce;” Luke 16:11 – “If then you have not been faithful in the unrighteous wealth, who will entrust to you the true riches?” Proverbs 22:7 – “The rich rules over the poor, and the borrower is the slave of the lender.” Luke 14:28-30 – “For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it? Otherwise, when he has laid a foundation and is not able to finish, all who see it begin to mock him, saying, ‘This man began to build and was not able to finish.” Proverbs 21:20 – “Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it.”

Group 2

Hebrews 13:5 – “Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.” Luke 12:15 – “And he said to them, “Take care, and be on your guard against all covetousness, for one’s life does not consist in the abundance of his possessions.” 1 Timothy 5:8 – “But if anyone does not provide for his relatives, and especially for members of his household, he has denied the faith and is worse than an unbeliever.” Deuteronomy 8:18 – “You shall remember the Lord your God, for it is he who gives you power to get wealth, that he may confirm his covenant that he swore to your fathers, as it is this day.” Proverbs 10:4 – “A slack hand causes poverty, but the hand of the diligent makes rich.”

Group 3

Romans 13:8 – “Owe no one anything, except to love each other, for the one who loves another has fulfilled the law.” Proverbs 13:22 – “A good man leaves an inheritance to his children’s children, but the sinner’s wealth is laid up for the righteous.” Proverbs 24:30-34 – “I passed by the field of a sluggard, by the vineyard of a man lacking sense, and behold, it was all overgrown with thorns; the ground was covered with nettles, and its stone wall was broken down. Then I saw and considered it; I looked and received instruction. A little sleep, a little slumber, a little folding of the hands to rest, and poverty will come upon you like a robber, and want like an armed man.” Luke 14:28 – “For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it?”

Group 4

Matthew 6:33 – “But seek first the kingdom of God and his righteousness, and all these things will be added to you.” Proverbs 10:22 – “The blessing of the Lord makes rich, and he adds no sorrow with it.” Matthew 6:19-21 – “Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” Proverbs 28:22 – “A stingy man hastens after wealth and does not know that poverty will come upon him.” Proverbs 24;27 – “Prepare your work outside; get everything ready for yourself in the field, and after that build your house.”

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Group 5

Proverbs 11:28 – “Whoever trusts in his riches will fall, but the righteous will flourish like a green leaf.” James 1:5 – “If any of you lacks wisdom, let him ask God, who gives generously to all without reproach, and it will be given him.” Act 20:35 – “In all things I have shown you that by working hard in this way we must help the weak and remember the words of the Lord Jesus, how he himself said, ‘It is more blessed to give than to receive.” Proverbs 11:4 – “Riches do not profit in the day of wrath, but righteousness delivers from death.” Proverbs 19:17 – “Whoever is generous to the poor lends to the Lord, and he will repay him for his deed.”

Group 6

Psalms 1;1-3 – “Blessed is the man who walks not in the counsel of the wicked, nor stands in the way of sinners, nor sits in the seat of scoffers; but his delight is in the law of the Lord, and on his law he meditates day and night. He is like a tree planted by streams of water that yields its fruit in its season, and its leaf does not wither. In all that he does, he prospers.” Mark 8:36 – “For what does it profit a man to gain the whole world and forfeit his soul?“

Group 7

1 Timothy 6:17-19 – “As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy. They are to do good, to be rich in good works, to be generous and ready to share, thus storing up treasure for themselves as a good foundation for the future, so that they may take hold of that which is truly life.” Deuteronomy 16:17 – “Every man shall give as he is able, according to the blessing of the Lord your God that he has given you.” Proverbs 12:11 – “Whoever works his land will have plenty of bread, but he who follows worthless pursuits lacks sense.“

This brings us to the end of our writing. We hope you enjoyed the different elements of answers proposed in response to the question of what does the Bible say about money management.

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