The Best Biblical Money Management Principles are able to guide you into achieving financial freedom God’s way. It is with a heart full of sadness that we tell you that many people are in deep financial bondage. Others are so soaked in debts that their hearts are filled with bitterness, anger, and stress. Such people are far from ever enjoying what we can call a debt free life. As if this was not enough, millions are continuously getting themselves into financial messes that can lead to more serious consequences. All these financial drawbacks can be attributed to the lack of Biblical knowledge on how to grow and maintain wealth. Very few people agree to the fact that God is willing and ready to intervene in their financial lives. Remember Hosea 4:6 which says that God’s people perish because they lack knowledge. This scripture holds for both spiritual and material things.
The Bible contains a lot of knowledge on how to grow and maintain wealth. Note that money has been handled in the Bible just as any other topic. There are many Biblical money management principles which if understood can guide her users into achieving financial success through ways that are pleasing to God. Unfortunately, some people are just too skeptical about money in the Bible that they prefer to continuously deepen themselves into financial bondage. From the time of Adam and Eve in the garden of Eden, we realize that God’s initial plan for his creatures was that they enjoy the best fruits in the land that was theirs. Although they sinned and were driven out of the garden, God did not stop loving them. He commanded them to work and eat from their sweat. Thus, working is honoring God and you can be sure that he’ll bless your efforts.
Biblical Money Management Principles – Everything you need to Know
Let’s read from 1 Samuel 2:7 – “The Lord sends poverty and wealth; he humbles and he exalts.” Hence, it is without doubt that God has power over wealth and poverty. Never doubt God’s ability to provide but rather doubt yourself because you are untruthful. Jeremiah 29:11 says “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.” With this in mind, we can say without doubt that God wants to intervene in your financial life. Call on him to bless you with financial knowledge and guide you into financial success and he will do much more than you are expecting.
Preparing yourself for God’s financial blessings
It is true that the Bible holds many financial promises made by God. With this in mind, you might be asking yourself why everyone is not wealthy? Note that in as much as God has promises to fulfill, we also have ours to fulfill. A monetary coin is considered valuable only when it comes with its two sides revealing its cost. No one will accept a monetary coin with just one side. That’s why all Christians should look into their lives before making expectations from God. Let’s support this by reading from Deuteronomy 28:1 – “If you fully 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 scripture is a clear indication that if we desire God’s blessings and promises, we must keep to his commands.
Best Biblical Money Management Principles
1. God is the source
This is the first Biblical financial money management principle that every Christian should take serious. In our search for financial success, we must always keep in mind that God is the source of all things. He can give as well as take without anyone questioning him. All things on Earth and in Heaven belong to God. Even our lives belong to him talk less of our possessions. No one can have something except God allowed him/her to have it. We can support this by reading 1 Samuel 2:7 – “The Lord sends poverty and wealth; he humbles and he exalts.” It is in a graceful state that we can expect to benefit from the riches of God. Let’s confirm this by reading Philippians 4:19 – “My God shall supply all your need according to his riches in glory by Christ Jesus.”
We can as well read Proverbs 8:20-21 – “I lead in the way of righteousness, in the midst of the paths of judgment: that I may cause those that love me to inherit substance; and I will fill their treasures.” Whether we need money, possessions, or financial wisdom to correctly manage our wealth, prayer and faithfulness to God are the keys. We can as well gain more Biblical knowledge on this subject matter by reading 2 Corinthians 9:8 – “And God is able to make all grace abound toward you; that ye, always having all sufficiency in all things, may abound to every good work.” By realizing that God is the source, you’ll be putting him first in your life and as a result, you”ll benefit from divine favor in everything that you do.
2. Maximize the growth of your earnings
Matthew 25:14-30 tells us the parable of the three servants. Although this parable was conceived to explain how the kingdom of God will look like, it is full of financial wisdom. Anyone who understands and exploits this wisdom will live to testify the goodness of God in his life. We learnt from the parable that you should seek growth with respect to the financial level that you had yesterday. Note that growth is different from ungratefulness for the things which God has done for you. That is, in as much as you are thanking God on daily basis for his financial blessings, you are working hard to achieve more. This is what we call financial growth. Look at the plants and animals all round you and learn from them. Every day that passes is one that comes with growth. Strive towards perfection in everything that you do.
Make sure that before each day comes to an end, you have added some value in at least one part of your life. If you are serious about maximizing your earnings, you’ll have to value and care for your job. Learn and master what it takes to deliver what is required from your job position in life and work towards delivering more than that. Become a likable person by doing unto others what you will like them to do for you. By so doing, you’ll be happy to see your carrying striving further at the recommendation of those surrounding you. Become a networking individual by creating connections that can help you both in your current job and in those to come. Put on decent and attractive cloths that will make people comfortable and happy being with you at the work place. Never stop learning, ameliorating your skills, and marketing them.
3. Invest to make your money grow
Proverbs 13:11 – “Dishonest money dwindles away, but he who gathers money little by little makes it grow.” Even the Bible is in support of growing and maintaining money. That is, even Christians can become wealthy by making their money to grow with time in the light of God’s righteousness through Christ. Investment is all about putting your money in an activity and siting back to watch it grow. Index funds are highly preferred for the initial state of growing wealth while real estate is suitable during the transition period to retirement. Whatever be your preference, just make sure that you act wisely in investing your funds.
The magic of investment here works just as compounding works. That is, your money increases as it grows over and over with time. In simple terms, the money that you earn from investment will be more than what was initially dropped in. Although the returns might not be so large, by gathering them little by little, you’ll end up sky-rocking with a huge net worth after a long while, say 20 years more or less. In order not to wander far away from God’s commands, we’ll advice that you go only for Biblical Responsible Investing (BRI) schemes. These are investment opportunities that take into consideration God’s commands and are aimed at making the world a better place.
4. Avoid debt
Proverbs 22:7 – “The rich rule over the poor, and the borrower is servant to the lender.” Avoiding debt is one of the Biblical money management principles that must be taken serious by anyone who is serious about achieving financial freedom. The Bible discourages the use of debt and promotes God’s will for us which is that of having his children benefiting from the happiness of a debt free life. Truth be told, it is challenging to stay off debt due to the daily challenges and emergencies that keep coming our way. However, this does not mean that it is impossible to live a debt free life. By taking the necessary precautions, it is possible to stay away from debts. Not that the Bible sees a borrower as a slave to the lender. That’s why you must do everything in the light of God’s commands to live a debt free life.
If you must go for debts, we’ll advice you never to borrow for depreciating assets like cars. Avoid leaving your credit card balance to roll over and start charging you interest. It is preferable to pay little items with physical cash than using credit cards. If you must borrow, make sure that it is for this that increase or maintain their value like education and homes. Never borrow to buy luxurious items for they will ruin your finances. Avoid borrowing by learning to spend less that what you earn. Familiarize yourself with what the Bible has to say about debts through the following articles:
- What does the Bible say about debt
- The Law of Supernatural Debt Release
- Prayer for debt cancellation and financial breakthrough
- Bible verses about debt cancellation
5. Give out of love
Luke 6:38 – “Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.” In simple terms, we’ll say that give to others and it will be given to you. We can as well support this saying by reading from Ecclesiastes 11:1 – “Be generous, and someday you will be rewarded.” Giving is one of the most important Biblical money management principles that has many benefits. Through giving, people become wealthier, happier, and fulfilled. Note that it is not only about giving money. You can as well give your time, advice, and support. Givers are highly loved by God and they always end up benefiting from divine favor.
It is worth noting that giving is acceptable before God only when it is made out of love. Love is what purifies and makes our sacrifices acceptable before God who is love in himself. That’s why giving for giving sake won’t benefit you in anyway. God wants us to give out of love and not out of obligation or fear. He wants his children to spread the world with love so that everyone might know that they come from him. That’s why in every giving, make sure that it is willingly coming from the bottom of your heart. In this way, God will continuously bless you with more than what your store rooms can contain.
6. Embrace saving
Proverbs 21:20 – “There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up.” and Proverbs 22:3 – “A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” Saving is one of the greatest Biblical money management principles that helps its users to grow and maintain wealth. Saving prevents you from getting into debts due to emergencies. That’s why we can say without doubt that saving leads to a debt free life. It will keep you from credit card debts and the process of searching credit card loans no guarantor. By embracing saving, you’ll free yourself from the stress of some day looking for credit card loans for people with bad credits no guarantor.
If you are serious about successfully managing your finances, you’l need to minimize spending while maximizing saving. Avoid unnecessary spending and stay away from spending more than what you earn. Also avoid spending all what you earn as this will leave you with little to nothing for saving. Upon earning your wages, start by saving before spending and not the other way round. If possible, go for automated monthly savings. With such, the saving percentage from your salary is automatically withdrawn before you get in touch with the remaining. It is not all about saving but investing part of what you have saved. Savings are just like seeds which when held at hand can never reproduce. But immediately they are planted, they begin to produce. This is how you should see your savings. But never invest all your savings for precautionary reasons.
