Last updated on August 14th, 2024 at 02:23 am
Financial Principles from The Bible | 7 Biblical Principles of Money Management | Money Principles in The Bible | Biblical Principles on Finances
Earning money is sometimes easy as it takes hard work which is physical. However, managing the earned money effectively is a real challenge to many of us.
While the internet is flooded with guidance, tips, and valuable insights, the Holistic approach, I believe, is useful for all times. The Holy Bible not only teaches us how to earn but also the right way to spend and manage effectively.
In this blog post, I will share my take from the scriptures that have helped me get over my poverty and live a balanced and holistic life. By Balanced I meant to have all the luxury, a lot of money in the bank, yet, sleep peacefully covered with God, ‘s love and light.
7 Biblical Principles of Money Management
1. Stewardship
Accept that God is the sole in charge of everything you own or earn. He is the one who is providing you with everything good you are experiencing in life.
As Psalm 24:1 states “The earth is the Lord’s, and everything in it, the world, and all who live in it.” – Everything that is available on this planet is owned by God. He blessed this planet with everything for His children.
This remembrance, or acceptance gives different insights about the money you bring home. One of the very first of the 7 Biblical Principles of Money Management is to give it to the Lord, ask Him for guidance, and manage as He guides you.
Also Read about Core Purpose of Life in The Bible Context
2. Contentment
Live a life that gives you peace and fulfillment in whatever you are doing and whatever you have currently. 1 Timothy 6:6-7 says “But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it.”
Develop a sense of being blessed while working to upgrade your lifestyle, earnings and social status. The sense of gratitude and fulfillment, in fact, is the key to receiving more in life.
Being the feeling of satisfaction is 2nd of the 7 Biblical Principles of Money Management as it protects you from stress and unnecessary debt. Being in a state of gratitude means being in a connection with God. Those who live with God are always blessed with everything.
3. Avoid Debt
I believe Godly people are always being taken care of in mysterious ways. God never let His children fail who surrender themselves to God. In order to avoid any debt, live within your needs, and do not get tempted by worldly shine.
As Proverbs 22:7 says “The rich rule over the poor, and the borrower is slave to the lender.” It’s clear that those who borrow too much end in slavery.
In today’s time, some loans look good to increase our credit score and avoid future insecurities. However, getting a loan to have the luxury or spend on vacation isn’t wise or God’s guidance.
It’s very crucial and third of the 7 Biblical Principles of Money Management we all need to remember before taking loans.
Also Read about Bible Verses About Chasing Money
4. Generosity
Being grateful and generous towards the money you receive makes a human being a Godly child. Embracing a Cheerful Giving Heart and expressing your gratitude is a habit that needs to be developed.
As 2 Corinthians 9:7 States, “Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.”
Generosity is one of the core biblical values that we all must consider as God’s gift to humanity. Make a habit to help the needy or the best way is to support spiritual places such as church.
Remember, when you donate, you don’t give, but you deposit for your future life in God’s bank. In giving we receive is the 4th of 7 Biblical Principles of Money Management. At least keep 10 percent of your total monthly income to support Godly places or people.
5. Planning and Budgeting
As an old saying confirms, those who don’t plan, work for other’s plan which is never fulfilling. In order to build financial stability and security in life, budgeting, and planning is essential.
As mentioned in Luke 14:28 “Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?” Having a blueprint of the future is key to financial abundance.
One of the 7 Biblical Principles of Money Management involves planning your budget carefully before spending anywhere. Financial planning also includes tracing all the big and small expenses.
This tiny habit is a powerful one as it protects you from any financial mismanagement and gives you a clear picture of your financial future.
6. Hard Work and Diligence
There is no substitute for hard work in any corner of the world. Even in today’s generation, technology world, hard work, and focus are needed. As an old saying says, the more I work, the luckier I get.
Proverbs 21:5 confirms the same, “The plans of the diligent lead to profit as surely as haste leads to poverty.” Similarly, hard work along with proper planning leads to abundance but laziness or aggressive behavior leads to loss.
In order to gain long-lasting wealth and stress stress-free life accepting hard work and diligence as essential ingredients is crucial. As it is 6th of 7 Biblical Principles of Money Management.
7. Trust in God
Last but not least, never Leave God in either good or bad circumstances. When things are in your favor, be grateful to Him, when things are against you, hold His hand and ask for guidance.
As mentioned in Matthew 6:33, “But seek first his kingdom and his righteousness, and all these things will be given to you as well.” those who trust and leave everything to God in every situation, are blessed with everything they need.
Trust in God so much that any evil, misery, pain, or worry is considered before coming to you. In other words, the last and the 7 Biblical Principles of Money Management is to have God as your business and life partner.
FAQS
1- What are the 7 principles of tithing?
Tithing, according to the Holy Bible has some principles to be followed by all believers.
The 7 principles of tithing are regular, participatory, intentional, proportional, anticipatory, effective, and accountable.
By following these timeless guidelines, one can live a life of fulfillment and satisfaction.
Final Words: Money is the main source of fulfilling our daily and basic needs. Therefore, managing money is essential, even if it’s less than you want.
When you follow God, ‘s guidelines, work hard, and put your faith in His wants, He blesses you with everything you deserve. Always have a growth mindset, and achievable goals, and involve God in everything you do.
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