Wed. Jun 7th, 2023

what does the bible say about finances

What Does the Bible Say About Finances?

While you may not find any hidden secrets in the Bible that can help you gain untold riches, there are some great practical advices that can guide your financial life.

In the Bible, we see men and women who used their wealth to honor God and bless others. We also see tax collectors and other people who were corrupted by money.

1. Don’t Worry About the Future

If you are feeling anxious about the future, turn to the Bible for a few encouraging verses. You can read them out loud to yourself, or print them out and put them on your mirror or a wall in your home so you can see them throughout the day. You can even use them as a prayer to quell your fears.

There are many reasons why it is important to not worry about the future. For one thing, the Bible tells us that God knows all things. He also says that he will provide for our needs. In fact, he has already provided for our needs in the past.

However, sometimes we get so caught up in our own worries that it’s hard to see what is going on around us. This is why it’s so important to keep your eyes on God and his promises.

In the book of Jeremiah, God says that he will always be with his people. He will never abandon them, even when they are experiencing extreme hardships. He will help them through their struggles and will give them peace in the process.

Jesus also taught that it is not necessary to worry about the future. In fact, he said that it is better to trust in God’s care and provision rather than trying to change the future through worry.

When we are worried, it is often because we do not trust in the Lord enough. For example, if we are single and worried about never getting married, we may not be focusing on our growth and maturing in Christ.

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2. Save for the Future

The Bible encourages us to save for the future. It calls it a “sign of wisdom” (Proverbs 6:6-11, 21:20). Saving is accumulating appropriate material resources for a defined, responsible purpose. A wise person does this, and God commends such a person in Scripture (see Proverbs 12:15; 18:21-22).

Many people are able to work hard for their money and then use it wisely. Often this happens because of their parents and other influential figures who taught them to live within their means, set aside savings and not spend everything they have.

However, it can be difficult to follow this advice, and the temptation is great to overspend. One way to combat this is by creating a budget and sticking to it. Another is to keep a journal of your expenses and trim the fat when possible.

The best part about a budget is that it helps you to be more conscious of your spending and limit frivolous items. This is especially important when it comes to your future needs, such as a retirement or the purchase of a home.

Once you have a budget and are aware of where you can trim the fat, the next step is to make an actual plan for how you will save your hard-earned money. This may include creating a savings account or setting up an investment portfolio.

While saving for the future is a good idea, it is also important to remember that there are always risks involved with saving. Markets can go up or down, and the economy can suffer.

As Christians, we must remember that God will meet our needs and provide for us even when markets and the economy collapse. He will help us when we trust him and save in a responsible manner.

If you need help with your finances, you can contact a financial planner or Biblical counselor for advice and guidance. These individuals will be able to give you a better understanding of the biblical principles regarding your personal finances, and will also be able to help you implement those principles.

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3. Make a Budget

While you may not have considered the Bible as a financial guide, it actually offers some great advice. There are lots of verses in the Bible that encourage people to take control of their finances and save money.

Keeping track of your spending can be difficult, but it’s crucial to developing a budget that works for your family and helps you reach your goals. A budget can be hard to stick with, but if you commit to doing it regularly, you will see how much progress you make.

Some of the most common reasons why people don’t budget are because they think it will take too much time or they don’t like to do math. But a budget doesn’t have to be complex or hard. In fact, it can be fun!

A budget can help you get out of debt, build savings, and achieve your money goals. It will also help you live within your means and avoid buying more than you can afford.

It’s important to remember that a budget should be flexible enough to adjust to your changing circumstances. For example, if you get a raise or buy a car, you may want to adjust your spending accordingly.

One way to do this is to set aside a certain amount of money each month, then change it depending on your current circumstances. This way, you can save money for the future while still having a little extra to spend on your favorite things.

Using these budgeting tips, you can start to develop a biblical financial strategy that is balanced between your needs and your wants. The key is to keep a strong focus on what the Bible says about money while staying consistent with your goals and priorities.

If you’re ready to make a change and develop a personal theology about finances, sign up for our Financial Peace University class today! It’s a fun, 9-lesson course that will teach you what the Bible says about money and help you develop a biblical strategy to manage it well.

4. Pay Your Taxes

Taxes are a great way for your local government to fund public services like schools and police and fire departments. It also helps raise the standard of living in your community by allowing businesses to thrive.

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To prove you are a responsible citizen, pay your taxes on time and in full. You can also use deductions and exemptions to reduce your tax bill, as well as claim credits on things like medical insurance or gas and electricity bills.

The IRS offers a few ways to pay your taxes, including direct pay from your bank or credit card and online bill paying. In addition, the IRS offers a variety of free tax software programs and tools.

It is important to pay your taxes correctly, as failure to do so could result in fines and fees. There are several options for payment, from making one lump sum payment to spreading the payments out over a longer period of time. The most efficient method is to use a tax calculator, which will help you calculate the correct amount of taxes owed. Using this method will save you money in the long run, as it reduces the chances of underpayment or overpayment. It is best to avoid using a calculator on the internet because the accuracy of your answers may be compromised. Another option is to consult a tax professional, as they can advise you on the best methods for paying your taxes. They can also help you find the best tax software for your needs.

Jeffrey Augers
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By Jeffrey Augers

Jeffrey Augers is a highly skilled and experienced financial analyst with over 12 years of experience in the finance industry. He has a proven track record of delivering exceptional financial insights and recommendations to clients, empowering them to make informed decisions and achieve their financial goals. Jeffrey holds a Bachelor's degree in Finance from the University of Michigan, and an MBA from the Wharton School of Business.