Money can be a good or bad thing, depending on your approach to it. Love of money, however, has corrupted the lives of many people. The Holy Bible has a lot to say about money. It has hundreds of verses about handling money and possessions. The Bible teaches plenty of financial lessons that you can apply in your everyday life.
Money Lessons from the Bible
Don’t Allow Money to Control Your Life
You should never let money become the most important thing to you. Proverbs 3:9-10 says, “Honor the Lord with your possessions and with the firstfruits of all your increase; so your barns will be filled with plenty, and your vats will overflow with new wine.” God owns everything, so we should honor Him and give a share of what we get to Him. Don’t allow material possessions to dominate your life and become overwhelmed with too many instant cash advance loans and become a slave to your debt.
Enjoy and be content with what you have right now. 1 Timothy 6:7-9 reads, “For we brought nothing into this world, and it is certain we can carry nothing out. And having food and clothing, with these we shall be content. But those who desire to be rich fall into temptation and a snare, and into many foolish and harmful lusts which drown men in destruction and perdition.”
Learn to Share
Share your wealth with other people. Proverbs 22:9, NIV says, “A generous man will himself be blessed, for he shares his food with the poor.” Proverbs 21:13 adds, “Whoever shuts his ears to the cry of the poor will also cry himself and not be heard.”
Manage Your Finances
Proper management of money is a must. If you don’t do so, your money will be gone before you know it. As Proverbs 27:23-24 says, “Be diligent to know the state of your flocks, and attend to your herds; for riches are not forever.” Some people find it hard to manage their finances. Creating a budget will tell you exactly where your money is going and where you can make adjustments so that you can save money.
Financial Self-Discipline Is Important
You need to control your wants. People will always want something, and once they get it, they will want something else. Proverbs 21:25-26 reads, “The desire of the lazy man kills him, for his hands refuse to labor. He covets greedily all day long.” If you want to achieve financial success, you need to control your desires. Being patient may be hard, especially for young people. They expect to get the assets and financial security that took years for their parents to build. Financial success depends on you being patient and working hard.
Stay out of Debt
Staying out of debt is one of the most important financial lessons that you should keep in mind. It may be easy to borrow money with instant personal loans to buy a new car or house, but what about the payments? Avoid buying something that’s out of your ability to pay. The moment you go into debt, you lose some of your freedom. Proverbs 22:7 reads, “The rich ruleth over the poor, and the borrower is a servant to the lender.” Many people think that they can purchase what they want now and then pay later. However, this type of thinking will only make you anxious. Aside from the original amount of money you borrowed, you also need to think about the interest and where you’d get the money to pay for it.
Many people want to get rich fast. Hard work is the key to success. Proverbs 22:29 reads, “Do you see a man who excels in his work? He will stand before kings; he will not stand before unknown men.” Develop your skills and do your best in whatever task you’re given. The results will be worth all the hard work and effort you’ll put into it.
You need to earn money with a clear conscience. Proverbs 10:22 says, “The blessing of the Lord makes one rich, and He adds no sorrow with it.” Don’t take advantage of others just to get rich. Proverbs 22:16 reads, “He who oppresses the poor to increase his riches, and he who gives to the rich, will surely come to poverty.” When you work honestly, you are not just earning your salary but also following what God wants. You’ll not only get your money but also have peace of mind.
Seek Virtuous Guidance
Seeking good advice is critical. If you want to buy a new property or car, you should get the opinion of experts to avoid making mistakes. Many people don’t ask for help because they don’t want someone to tell them that an envisioned action isn’t right or unsound. After all, they still do what they want.
It’s also important to thoroughly check every deal you’re involved in. Don’t rush or you might sign an agreement which may just bring you more trouble than good things in the future. Never give in to pressure strategies. Keep in mind that wealth doesn’t offer real lifelong security. Proverbs 11:28 reads, “He who trusts in his riches will fall, but the righteous will flourish.” Material wealth can be wiped out in an instant by a criminal offense, natural disaster or accident. There are things that money can never buy, and you should not lose sight of this. Remember that you can’t bring your money with you when you die.
These are some of the most valuable money lessons from the Bible that you should keep in mind. You should learn to share, stay out of debt, save money, never rush into deals, work hard, create a budget, look for excellent guidance and be satisfied with what you have. As you learn to follow these lessons, you will experience and feel the joy and satisfaction that comes from being fiscally responsible.