What Does the Bible Say About

What Does the Bible Say About

“Money Management”

Categories: Budgeting, Debt, Finances, Money

Money Management


Biblical Principles on Money Management:

  1. Doesn’t matter how much money you make.
    1. Ecclesiastes 11:4 – “If you wait for perfect conditions, you will never get anything done” (TLB).
    2. If you are faithful with a few, you’ll be faithful with much (Luke 16:10).
      1. Wishing for $50,000 a year when you can’t manage $30,000 doesn’t solve the real problem.
      2. If I can afford a brand new van, expensive jewelry, and a fancy cell phone, but can’t pay for my own food, then my priorities are out of order.
      3. There is a time for government assistance for those who truly need it, but there is also a need for this society to expect people to take personal responsibility.
      4. Those who truly need help should not feel (or be made to feel) guilty (Deut. 15:7-11).
    3. Philippians 3:18-20 – Whose god is their appetite…but our citizenship is in heaven.
    4. “There is desirable treasure, and oil in the dwelling of the wise, but a foolish man squanders it” (Prov. 21:20).
    5. “He who loves pleasure will be a poor man, he who loves wine and oil will not be rich” (Proverbs 21:17).


  1. Be in control – know what’s going on!
    1. Is money my master, or am I a master to money!
    2. Good stewardship requires me to be wise with money.
      1. Stewardship implies faithfulness (1 Cor. 4:2; Matthew 25:14-30).
      2. Proverbs 27:23 – “Be diligent to know the state of your flocks, and attend to your herds.”
        1. We don’t have flocks and herds, maybe, but we do have a checking account!
        2. Does God want us to know what’s going on financially?  YES!
        3. Develop a budget, get good advice on how to do it.
      3. Luke 14:28-30 – The principle of counting the cost is taught / expected by Jesus.
    3. It requires me to plan!
      1. Proverbs 16:3  – “Commit your works to the Lord, and your thoughts will be established.”
      2. Proverbs 21:5 – “The plans of the diligent lead surely to plenty, but those of everyone who is hasty, surely to poverty.”
      3. Proverbs 24:27 – “Prepare your outside work, make it fit for yourself in the field; and afterward build your house.”
    4. I have to be a grownup now (Eph. 4:14; 1 Cor. 13:11; 14:20; Heb. 5:12-14).


  1. Little by Little
    1. God did not drive out the inhabitants of Canaan all at once, He did it “little by little” (Exodus 23:30; Deuteronomy 7:22).
    2. We need patience in all areas of life, especially finances (James 5:7-8).
    3. Proverbs 28:20 – “A faithful man will abound with blessings, but he who hastens (is in a hurry) to be rich will not go unpunished.”
      1. Impatience got you into this mess; impatience will not get you out of it!
      2. Compare to weight loss (you worked 20 years on that figure, and want to change it in 1 month).
      3. When you are in a hurry financially, bad decisions abound!
      4. People trying to get out of messes get very impulsive and desperate; they end up making things much worse, for an example see David in 2 Samuel 11.
    4. Is it worth the investment, if we do things God’s way? (Gal. 6:9).


  1. Simply My Life.
    1. Simply your banking and budgeting.
    2. Use cash as much as possible.
      1. You see the money leaving you.
      2. You don’t have 300 receipts in your wallet!
      3. You know what is in the account, instead of living in a fog because you have so many outstanding transactions.
    3. Do I need _____________?  When is the last time I used it?
    4. How much money do I spend caring for and storing things I never use that just clutter up my house?