The value of biblical wisdom is that it is transcendent. It does not need to be changed when new tax laws are passed. It stays the same with each new administration. It can be relied upon by every generation, regardless of income or net worth.
I’ll start out with these 5 verses of Scripture concerning money that every Christian should know. These are 5 verses that, even as I just scratch the surface of understanding them, have revolutionized my financial life. Each one of them has had a strong impact on many decisions in my life. I hope you allow them to impact you as well.
1. Philippians 4:19- “And my God will meet all your needs according to his glorious riches in Christ Jesus.”
If you have lived much life at all, you are probably well aware that putting your trust in the economy, your employer, or your bank account is not a good idea. They are all fair-weather friends. They all can be helping you greatly one minute, and then the next everything has changed.
God, however is always faithful. That is why we should always trust Him as our supply! It doesn’t matter if there is a financial crisis, if you get laid off, or your 401k loses 37% – God will still supply your needs, just like He promised.
2. Malachi 3:10- “Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the LORD Almighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it.”
It is a bold step of faith to start tithing. Cynics sometimes argue that tithing is not required in the New Testament. I actually agree, since our salvation is no longer based on works, but on faith in Jesus. But there is no escaping the truth that tithing opens the door for blessing that cannot be opened without doing it. From my own personal tithing experience, I can attest that I am so overwhelmingly convinced beyond any shadow of a doubt that tithing increases blessing, that I will never live any other way.
3. 1 Timothy 6:10- “For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.”
This verse is so often misquoted that it is almost laughable. Money is not evil. The love of it is. Having a million in your bank account doesn’t mean that you love it. Having $5 in your account doesn’t prove that you don’t.
For example, Warren Buffett has billions in his accounts, but he is giving almost all of it away to benefit the lives of others. On the other hand I have heard stories of people getting killed over a matter of $20. It is a matter of the heart that only God can judge.
4. Acts 20:35- “In everything I did, I showed you that by this kind of hard work we must help the weak, remembering the words the Lord Jesus himself said: ‘It is more blessed to give than to receive.”
Giving sets us free, while hoarding entraps us (James 5:2). Giving changes the lives of others (John 3:16). Giving brings blessing back to us (Luke 6:38). Giving allows us to store up treasures in Heaven rather than here on the earth (Matthew 19:21). Giving really is fun – we need to be in on it.
5. Proverbs 22:7-“”The rich rule over the poor, and the borrower is servant to the lender.
The freedom of being debt free has always been so incredibly enticing to me that I have been willing to give up a whole lot in exchange for it. The last 3+ years my wife and I have been diligently chopping away at it, passing up opportunities to spend as frivolously as some of our peers have done. Getting out of debt is not easy and often requires a fight, but the freedom that comes with it is so worth it.
With that said, here are four principles that I believe to be at the core of all wise Christian financial advice , and if you integrate them into your life, you will find financial freedom.
Principle 1: Spend less than you earn.
“In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.” Proverbs 21:20.
Financial success and peace are based on having financial margin, a positive difference between what we spend and what we earn.
Principle 2: Avoid the use of debt.
“The rich rule over the poor and the borrow is servant to the lender.” Proverbs 22:7.
We can only serve one master. If our servitude has been committed to a lender, we are not financially and spiritually free to serve Christ with all of our heart.
Principle 3: Build reserves.
“Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest.” Proverbs 6:6-8.
Financial reserves give us the flexibility to respond to the unknown. According to the passage above, they do not represent a lack of faith, but a prudent response to planning for an unknown future.
Principle 4: Set long term goals.
“I press on toward the goal to win the prize for which God has called me heavenward in Christ Jesus.” Philippians 3:14.
The first three principles are means to the end of accomplishing the goals that God has placed in our heart. Effectively funneling money toward what matters most requires that we avoid debt in order to live within our means and develop a financial margin . . . a margin that is first used to provide a reserve and then toward long term financial goals.
What are some other Christian financial principles we should follow? Meet us in the comments!
Used by Permission from ChristianPF.com, 5 Bible verse about Money every Christian should know, 4 Fundamental Principles on Money