Home Articles What does the Bible say about money management

What does the Bible say about money management

0
What does the Bible say about money management
E-commerce and profit online. Young successful black woman making money from internet, holding cash and laptop in hands, panorama with copy space, yellow background

We live in a world that perceives having more as tantamount to living better. What does the Bible say about money management? Because as sinners, we tend to want more money, a bigger house, a newer phone, and more expensive things. Before we can handle what God gives us, we must have a healthy relationship with money (healthy money management). Christians are content with what God has given them in every phase of life. The following article, shares the scriptures about financial management and what does the Bible say about money management.

Planning for the future

When it comes to money, Proverbs 13:16 states that a wise man thinks about the future. Thinking about the future entails making wise money decisions now before it eventually comes. Therefore, it is only wise to plan for the future with the money one has today.

The plans of the diligent lead to profit (Proverbs 21:5) “The plans of the diligent lead to profit as surely as haste leads to poverty.”

Sit down and estimate the cost

The Bible urges us to make an estimation of the cost of what we aim to build. “For which of you, wanting to build a tower, doesn’t first sit down and calculate the cost to see if he has enough to complete it? Otherwise, after he has laid the foundation and cannot finish it, all the onlookers will begin to make fun of him, saying, ‘This man started to build and was not able to finish.” (Luke 14:28-30 HCSB)

Therefore, before embarking on any project that involves money, there is a need to estimate the cost it. The verse above can refer to anything one plans to venture into not necessarily just building a tower as indicated.

Do not get loans with collateral

The Bible discourages people to get loans they have to pledge something of value that can be taken if he or she fails to pay back the loan. This is found in Proverbs 22:26 which says “Don’t be one of those who enter agreements, who put up security for loans.” Proper money management, in this case, is to save up for what we desire as opposed to acquiring a loan.

God loves a person who gives wholeheartedly.

Remember this: the person who sows sparingly will also reap sparingly, and the person who sows generously will also reap generously. Each person should do as he has decided in his heart–not out of regret or out of necessity, for God loves a cheerful giver. And God is able to make every grace overflow to you, so that in every way, always having everything you need, you may excel in every good work. (2 Corinthians 9:6-8 HCSB)

God encourages us not to be stingy with the money we acquire through his providences. He urges us to give generously and wholeheartedly.

Whenever You Come Through and Help the Needy, Do Not Publicize the Issue.

The Bible urges people with money to be discreet when it comes to helping individuals in need. This is according to God’s word in the book of Matthew 6:2-4 which says “So, whenever you give to the poor, don’t sound a trumpet before you, as the hypocrites do in the synagogues and on the streets, to be applauded by people. I assure you: They’ve got their reward! But when you give to the poor, don’t let your left hand know what your right hand is doing, so that your giving may be in secret. And your Father who sees in secret will reward you.”

Therefore, those whom God has blessed with money should be able to help others in need. But when they do, they should not take it as an opportunity to gain people’s attention. This act would be poor money management.

Do Not Fix Your Hope on The Uncertainty of Riches

“Instruct those who are rich in the present age not to be arrogant or to set their hope on the uncertainty of wealth, but on God, who richly provides us with all things to enjoy. [Instruct them] to do good, to be rich in good works, to be generous, willing to share, storing up for themselves a good foundation for the age to come, so that they may take hold of the life that is real.” (1 Timothy 6:17-19 HCSB)

Riches are temporal. Those with money ought to manage it properly by way of getting involved in doing good for the less privileged. They can have charities to help them with the basic needs they direly need. The scripture above also warns against being arrogant as a result of having money. It equally warns against setting hope on the uncertainty of wealth here on earth.

What the Bible say about money management

Conclusion,

What does the Bible say about money management? [Answer] Money is one of the blessings God gives. Bible urges us to use money in a way that pleases him. It exists to help the needy. Further, we must not publicize giving to gain popularity.

Next Read

SOURCE!