We’ve all, I’m sure, known that feeling of desperately trying to make money magically stretch to pay-day. Many have recently experienced the squeeze of rising mortgage costs and spiralling inflation, but do we sometimes overlook the Bible as the best source of financial ‘how-to’s? Here’s some of what the bible teaches us…
- Be intentional & BUDGET
Proverbs 27:23 says “Be diligent to know the state of your flocks, and attend to your herds;” In the time in which this was written, people’s assets and wealth were tied up in livestock and herds. This verse speaks of being intentional with what we have. Make sure you have a monthly budget, and track your spending to make sure you stick to it!
- Put God FIRST
The Bible talks about honouring God with the best and the first of what we have. By putting your tithe as the first line in your budget and honouring God before all else, you will see incredible blessing upon the remaining 90% of all you have.
- Pay off DEBT!
In a world that says ‘we can have what we want & we want it now’, credit has never been so readily available but the truth is that the bible never portrays debt in a positive light. Instead it says that those who are in debt are slaves to the lender! (Proverbs 22:7). It is always wisdom to prioritise paying off debt in our budgets.
- Build an emergency fund and SAVINGS
Saving for the future is what will stop us getting back into the loop of debt. Proverbs 21:20 says, ‘The wise man saves for the future, but the foolish man spends whatever he gets’. Start somewhere by sticking some money aside as soon as you get paid each month.
Whatever your current financial situation is, there is hope. It may not be easy, and it may take some time, but by applying Godly wisdom in the area of your finances, you can come to a place of financial security, with the ability to truly live a life of generosity!