To help with your purpose for your finances, I wanted to share three pieces of money management wisdom. No matter your faith, these will serve you as a guide.
Many people don’t know how much wisdom the Bible provides regarding money. It was news to me, but once I learned about and applied them to my life, my finances have never been better.
- There are over 2,300 verses in the Bible about money and possessions.
- In the New Testament alone, 16 out of 38 stories that Jesus taught are about finances.
- There are 3X more verses in the Bible about money and possessions than love.
1. Psalm 1:1-3 NLT
“Oh, the joys of those who do not follow the advice of the wicked, or stand around with sinners, or join in with mockers. But they delight in the law of the Lord, meditating on it day and night. They are like trees planted along the riverbank, bearing fruit each season. Their leaves never wither, and they prosper in all they do.”
While this verse doesn’t directly discuss finances, I believe it is the essence of where we should be going for our financial counsel — God Himself.
These verses describe what happens in the life of people when they seek and follow the wisdom of God. It is my belief that God cares about what we do with the money He gives us. There can be a lot of confusion in the world about how money should be managed, yet when we avoid the noise and delight in the Lord’s law, we will prosper.
2. Luke 14:28-30 NLT
“‘But don’t begin until you count the cost. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it? Otherwise, you might complete only the foundation before running out of money, and then everyone would laugh at you. They would say, ‘There’s the person who started that building and couldn’t afford to finish it!’”
Let’s face it, there is a cost to living life. We give, save, invest and spend our money on things we need to do, are asked to do and want to do. Get the picture? Jesus knew that the religious people He was speaking to would understand that. So, in Luke 14:28-30, He taught about money management likening it to building a house.
Many times in life, we get started on something only to realize that it costs a lot more than we think. I have been there. In my twenties, I was there way too much taking on more than I could handle rendering me looking and feeling foolish. This wisdom teaches us to pause and plan before we act.
3. Proverbs 22:7 NLT
“Just as the rich rule the poor, so the borrower is servant to the lender.”
The Book of Proverbs is filled with amazing lessons in wisdom. Written by the world’s wisest man, King Solomon, Proverbs is a great influence for men and women no matter their faith. Over the years, I have been asked by people where they can find just the book of Proverbs because they thought it was so powerful.
I have not counted, but money is mentioned many times in Proverbs. One of my favorites is Chapter 22, Verse 7. Many people get fired up about this verse because it illuminates the burden put onto those who are in debt to their creditors. For most Americans, it challenges the world’s way of managing our personal finances.
No matter if we owe a friend, credit card company, co-worker, family member or banking institution, it is not fun to owe anyone anything. Debt can bring undue stress, anxiety, fear, anger and a whole bag of other “not-so-good” feelings to someone’s life. This is a feeling that I used to have when I owed money to a long list of people. I was ready to hide under a rock, but unfortunately, they had my phone number, address, and email and weren’t afraid to use them for collection purposes.
Bottom-line, take it from Proverbs, debt can hold us back from our purpose. Don’t let it.
A Good Place to Start
As you can see from just three references, the Bible has much to say about money management. No matter where you begin in your life, you can become a good money manager. Using wisdom from the best-selling book in the world is a great place to start.
You may have never sought God on financial matters. You may have never made a budget. Maybe you don’t know where to start to pay off debt. Over a decade ago, I didn’t either, yet the day I managed my finances with biblical wisdom, my life changed forever.
No matter where you are now, God is with you. He cares for you and wants to help you live a life of victory, especially in your finances.
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Consider taking a few moments to write out the 3 pieces of money management wisdom in your own words.
How do these encourage, instruction and challenge you as you live out your purpose for the finances you have been given?