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Money Management: 5 Biblical Steps

person putting coin in a piggy bank

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)

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