Today I want to share 20 BIBLICAL BUILDING BLOCKS TO YOUR MONEY MANAGEMENT. These pearls of wisdom come straight out of the Bible.
20 Biblical Building Blocks To Your Money Management
Squash your debt – do your best to limit your exposure to debt.
Proverbs 22:7 “The rich rule over the poor, and the borrower is a slave to the lender.”
Romans 13:8 “Owe nothing to anyone—except love.”
It is important to budget – keep a track of your income and where it comes from as well as what you are spending and where. That way you can ensure you spend less than you earn.
Matthew 14:28 “Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, saying, ‘This person began to build and wasn’t able to finish.”
You need a plan
You need to know what your objectives are and how you intend to reach these objectives.
Proverbs 21:5 “Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty”.
Commit your plans to God.
God wants to walk the journey with you:
Proverbs 16:3 “Commit your work to the Lord & then your plans will succeed.”
Psalm 37:4 “Commit everything you do to the Lord. Trust him, and he will help you.”
Create a contingency fund
You need to have cash available for those emergencies &/or opportunities that occur from time to time. Consider your car, it has a reserve tank to ensure that you have a backup should you run low on fuel. In the same way, you need to build a reserve.
Proverbs 6:6-8: “Take a lesson from the ants, you lazybones. Learn from their ways and become wise! Though they have no prince or governor or ruler to make them work, they labor hard all summer, gathering food for the winter.”
Get into the habit of saving
Once you are committed to saving you won’t even miss the amount you put aside each month. And you will be surprised how quickly your savings grow. You might think you don’t have ‘spare’ cash to save – but just go back to your budget and list the items that were satisfying “wants”, and by cutting back on these expenses you will create surplus cash. It might be difficult at first, but it is doable. Build it into your budget.
Proverbs 21:20 “The wise man saves for the future, but the foolish man spends whatever he gets.”
Watch out for crooked schemes – if it is too good to be true it usually is!
Proverbs 11:13 “Wealth from get-rich-quick schemes quickly disappears; wealth from hard work grows.”
Invest over time.
Proverbs 13:11 “He who gathers money little by little makes it grow.”
Diversify your investments.
Don’t keep all your eggs in one basket. Rather spread your investments. Diversity reduces risks. By diversifying your investments, you can also save towards specific goals over the short, medium & longer term. Diversify your investment cross-asset classes.
Ecclesiastes 11:2 “Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.”
Look after your family.
We all have to provide for our loved ones. It is also good to ensure that you have enough risk cover in place to protect yourself and your loved ones in the event of death, disability, and/or severe illness.
1 Timothy 5:8 “Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.”
Proverbs 13:22 “A good man leaves an inheritance for his children’s children, but a sinner’s wealth is stored up for the righteous.
Don’t be lazy. Be disciplined.
Proverbs 10:4 “Lazy people are soon poor; hard workers get rich.”
Proverbs 13:4 “Lazy people want much but get little, but those who work hard will prosper.”
Proverbs 10:23 “Hard work brings profit, but mere talk leads to poverty.”
Seek good godly advice.
It is advisable to sit down with a Financial Planner to review and discuss your goals and objectives. A qualified Financial Planner should be able to help assess your current position and help you construct a plan to help you reach your goals & dreams realistically.
Proverbs 12:15 “Fools think their own way is right, but the wise listen to others.”
Be a blessing and refresh others.
Proverbs 11:24-25: “Give freely and become more wealthy; be stingy and lose everything. The generous will prosper; those who refresh others will themselves be refreshed.”
Proverbs 22:9 “Blessed are those who are generous because they feed the poor.”
Put God first.
God knows what is up! He wants a personal walk with you. Put Him first!
Matthew 6:33-34 “But seek first his kingdom and his righteousness, and all these things will be given to you as well. So don’t worry about tomorrow…”
Give to God.
Malachi 3:8-18 “Will a man rob God? Yet you rob me. “But you ask, ‘How are we robbing you?’ In tithes and offerings. You are under a curse – your whole nation – because you are robbing me. Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the Lord Almighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it. I will prevent pests from devouring your crops, and the vines in your fields will not drop their fruit before it is ripe,” says the Lord Almighty.” Then all the nations will call you blessed, for yours will be a delightful land,” says the Lord Almighty.”
Proverbs 3:9-10 “Honor the Lord with your wealth and with the best part of everything you produce. Then he will fill your barns with grain, and your vats will overflow with good wine.”
Be wise with your money.
Proverbs 14:16 “The wise are cautious and avoid danger; fools plunge ahead with reckless confidence.”
Proverbs 27:12 “The prudent see danger and take refuge, but the simple keep going and pay the penalty.”
Don’t forget to enjoy life.
Be satisfied and live your life on purpose & with purpose.
Ecclesiastes 5:18 “Even so, I have noticed one thing, at least, that is good. It is good for people to eat, drink, and enjoy their work under the sun during the short life God has given them, and to accept their lot in life. And it is a good thing to receive wealth from God and the good health to enjoy it. To enjoy your work and accept your lot in life—this is indeed a gift from God.”
John 10:10 “The thief comes only to steal and kill and destroy; I have come that they may have life and have it to the full.”
Philippians 4:11-13 “I am not saying this because I am in need, for I have learned to be content whatever the circumstances. I know what it is to be in need, and I know what it is to have plenty. I have learned the secret of being content in any and every situation, whether well fed or hungry, whether living in plenty or want. I can do all this through him who gives me strength.”
Trust God & Live for Him!
Proverbs 3:5-6 “Trust in the LORD with all your heart; do not depend on your own understanding. Seek his will in all you do, and he will show you which path to take.”
Psalm 37:25 “Once I was young and now I am old, yet I have never seen the righteous forsaken or their children begging bread.”
Life is short. Make certain of your eternity.
Ecclesiastes 3:1-2 “There is a time for everything, and a season for every activity under the heavens: A time to be born and a time to die, a time to plant and a time to uproot.”
James 4:14 “How do you know what your life will be like tomorrow? Your life is like the morning fog—it’s here a little while, then it’s gone.”
John 3:16 “For God so loved the world (YOU) that he gave his one and only Son (JESUS), that whoever believes in him shall not perish (HELL) but have eternal life (HEAVEN). For God did not send his Son into the world to condemn the world, but to save the world through him.”
Live the Blessed Life.
Luke 6:37-38 Jesus said, “Do not judge, and you will not be judged. Do not condemn, and you will not be condemned. Forgive, and you will be forgiven. 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.”
Galatians 6:7 “A man reaps what he sows.”
Power Quote of the Week:
“The decisions you make today will determine the stories we tell about our lives tomorrow. Every day, all day, we make one decision after another. These choices keep accumulating, each one woven together into the rest, forming the tapestry that is our life story.” – Craig Groeschel
Where do you stand with God?
God saw that man was separated from Him, so He even sent His Son, Jesus, to pay the price for you and me on the cross, so that we can come into a relationship with Him. You can start a walk with God, not because of what you do, but because of what Jesus did. This relationship ensures that you and I do not need to face life alone, and this relationship continues into eternity.
Do you know Jesus as your Saviour? If not, invite Jesus to be your Lord and Saviour.
If you want to start or restart your walk with God, click here to pray a simple prayer we have set up for you.
Father, even though the world seems crazy now, I thank you that you came to bring me life and life more abundantly. I ask you to be by my Savior. Thank you for the price you paid on the cross for me so that I can be set free and live under the shelter of your protection, not only during my temporary life on earth but right into eternity. Thank you for the joy and peace I can have in you. Please protect me and my family from this plague that is hitting the world. Today I put my life in your hands and thank you that you are My God, My place of safety, My protector, and My provider. I ask this in Jesus’ name. Amen.
You do not have to face your future alone.
Philippians 4:19 “And this same God who takes care of me will supply all your needs from his glorious riches, which have been given to us in Christ Jesus.”
Stay connected to God.
Why don’t you consider applying a few of these Biblical Building Blocks To Your Money Management? With a good plan and God’s favor, you can set yourself up for a blessed future.
God bless you.