Money Management: 5 Biblical Steps
1. Put God First with Your Finances:
When you put God first, he takes care of the rest.
“Honor the Lord with your wealth, with the first fruits of all your crops; then your barns will be filled to overflowing, and your vats will brim over with new wine.” (Proverbs 3:9-10)
2. Know What You Are Earning and What You Are Spending:
Budget – keep track of your income and expenses.
“… first sit down and estimate the cost to see if you have enough money to complete it…” (Matthew 14:28)
If you want to learn how to budget effectively, while applying Biblical principles, click here!
3. Stop Living on Credit:
Go on a debt diet.
Debt steals your cash flow and your joy. Get out of debt and stay out of debt.
“Owe nothing to anyone—except love” (Romans 13:8)
If you are bound by debt, click here to read part 1 of our debt freedom series!
4. Watch Your Spending:
Spend less than you earn, and don’t let your money burn a hole in your pocket. Cut back on wasteful expenditure.
“The wise are cautious and avoid danger, fools plunge ahead” (Proverbs 14:15)
5. Save Before You Spend:
Build up your savings and allow your money to accumulate.
“The wise man saves for the future, but the foolish man spends whatever he gets.” (Proverbs 21:20)
