Financial Planning

The Bible talks about money and wealth at length. The book of Proverbs extensively draws a distinction between the wise and the foolish in terms of handling money. The most popular one that is quoted by many highlights how a slack hand causes poverty, but the hand of the diligent makes it rich (Prov. 10:4). It means that if you are lazy, you will not be able to secure a life of financial stability but will struggle with lack. But if you work hard, you will have what you will have all that you need.  This is a general rule, a maxim, not an absolute promise.

While there is no one-size-fits-all answer for financial planning, there are a few Bible verses about saving money. This post will discuss some of those principles and how they can help one manage their finances wisely.

1. Proverbs 6:6-8

As per this verse, ‘Go to the ant, consider her ways, and be wise, which having no captain, overseer or ruler provides supplies in the summer and gathers her food in the harvest.’ In other words, one should learn from ants and be willing to work hard and provide for their future needs, even without having someone to tell them or force them to do it. It’s also wise for someone to save up for tough times.

These are some great principles to follow when it comes to financial planning. In light of these verses, it is wise to keep an emergency fund to cover unexpected expenses or tough times. For example, if you lose your job, you will have a cushion to fall back on.

2. Luke 12:15

According to Luke 12:15, man is not to be obsessed with material possessions. Instead, his focus has to be on God and His righteousness. Of course, it doesn’t mean that you can’t enjoy the fruits of your labor but you should not let your possessions control your life.

One way to live out this principle is to create a budget and stick to it. You can avoid overspending on things you don’t need by planning your spending.

Yet another way is to give generously. When you focus on giving, it helps keep your possessions in perspective. It is also a way of blessing others with what God has given you.

3. First Timothy 6:17-19

1 Timothy 6:17-19 tells you that you should not put your hope in wealth but in God. Your hope should be in something reliable and unchanging, and only God fits that description.

For example, if you earn a lot of money but do not have good health, what good is the money? It cannot buy you good health. Or if you have a lot of material possessions but no friends or family to share your life with, what good are those possessions? They will only make you feel more alone. 

You should not put your hope in wealth because it is not reliable. It can disappear quickly, as you have seen during the COVID-19 pandemic with many people. 

Final Thoughts

Bible verses about saving money are clear that you should be good stewards of God’s resources. It includes time, money, talents, and abilities. When you follow biblical principles in your financial planning, you can experience the joy of giving, contentment, and financial freedom. 

To be able to better handle your finances, you can also consider consulting with a Christian financial planning firm. They will analyze your finances and advise you to make prudent God-fearing decisions with respect to your money matters.


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