Daily Word: Biblical Financial Planning: Be a Faithful Steward of Your Finances

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The Bible teaches us that being good stewards of our money is important to God. Psalm 37:21 (KJV) says, “The wicked borrow, and pay not again: but the righteous shew mercy, and giveth.” This scripture reminds us that we should handle our finances with integrity. As Christians, managing money wisely allows us to care for our families, help others in need, and honor God.

Another verse, Proverbs 13:22 (KJV), states, “A good man leave an inheritance to his children’s children: and the wealth of the sinner is laid up for the just.” This verse encourages us to plan ahead and leave a legacy for future generations.

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 Here are three biblical principles for financial stewardship:

A. Live Within Your Means
Avoid overspending and borrowing unnecessarily. Creating a budget helps you keep track of your income and expenses, ensuring that you live wisely and avoid debt.

B. Save for the Future
Proverbs 21:20 (KJV) says, “There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spend it up.” Saving not only prepares you for emergencies but also allows you to leave an inheritance for your children and grandchildren.

C. Give Generously
As Christians, we are called to show mercy and give to those in need. When we manage money wisely, we can give more freely to support the church, help the poor, and spread the Gospel.

By applying these principles, we honor God and set an example of faithful stewardship. Reflect on this: What steps can you take today to manage your money in a way that pleases God and helps others?

Biblical Financial Planning: Be a Faithful Steward of Your Finances

The Bible teaches that being a good steward of our money pleases God. Psalm 37:21 (KJV) reminds us, “The wicked borrow , and pay  not again: but the righteous shew  mercy, and giveth.” Proper financial management allows us to care for our families, help others, and glorify God. Proverbs 13:22 (KJV) adds, “A good man leave  an inheritance to his children’s children: and the wealth of the sinner is laid up for the just.”

Here’s an inspiring Bible story.  

Bible Story: Joseph and the Famine (Genesis 41)

Joseph’s story is an example of wise financial stewardship. When Pharaoh dreamed of seven years of abundance followed by seven years of famine, God gave Joseph wisdom to plan. Joseph advised Pharaoh to store one-fifth of the harvest during the good years. When famine came, Egypt had enough food to survive and even help others. Joseph’s planning not only saved Egypt but also reunited his family and preserved God’s covenant people. 

Action Steps for Biblical Financial Stewardship – There is an old saying-Spend Half and Save Half

A. Create a Budget – Check Your Credit Report
Just as Joseph stored food during the years of plenty, list your income and expenses. Identify areas where you can save or reduce spending to prepare for emergencies. Today, a credit report score is important get your free credit report and check it to settle debts.  If possible, obtain a passport for future identification or travel in emergency situations.

B. Set Aside Savings
Proverbs 21:20 (KJV) says, “There is treasure to be desired and oil in the dwelling of the wise.” Open a savings account and commit to saving a portion of your income every month.

C. Give Faithfully
Be generous in giving to your church and helping others. Malachi 3:10 (KJV) encourages us to bring our tithes into the storehouse, and God promises to bless those who give.

D. Plan for Future Generations
Write down goals for leaving an inheritance. This could include setting an insurance policy, a college fund, trust fund, or investing in assets (real estate) that grow over time.

E. Avoid Unnecessary Debt
Commit to living within your means. Pray for wisdom when making big financial decisions and trust God’s provision. 

Reflection Question: What specific steps can you take today to be a better steward of your finances and honor God in your giving, saving, and planning?

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CALL TO SALVATION:

John 3:16  “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”

Romans 10:9-10  9That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in your heart that God hath raised him from the dead, thou shalt be saved. 10For with the heart man believeth unto righteousness, and with the mouth, confession is made unto salvation. 

John 3:5-6  5Jesus answered, Verily, verily, I say unto thee, Except a man be born of water and of the Spirit, he cannot enter into the kingdom of God. 6 That which is born of the flesh is flesh, and that which is born of the Spirit is the Spirit.