What the Bible Says About Saving Money
The Bible is clear on the importance of saving money. It’s a principle that is repeated throughout Scripture, and it’s something that God wants us to take seriously.
If you’re looking for what the Bible has to say about saving money, you’ve come to the right place. Keep reading to see what Scripture has to say on the subject.
We should wisely manage our wealth.
Wealth management is the process of planning for and managing financial assets. Wealth management includes strategizing about how to grow, preserve, and distribute assets over the course of a client’s lifetime. It can also involve minimization of taxes and risk.
The Old Testament is filled with references to wealth and financial management. One of the best-known examples is the story of Joseph, who was sold into slavery by his brothers but eventually became the second most powerful man in Egypt. Through his shrewd financial management, Joseph was able to save Egypt from famine and provide for his family.
We are called to use our wealth to help others, both financially and through our time and talents. This is one of the most important ways we can show our love for God. If you have not yet worked out a plan to manage your wealth, you can find a Cincinnati wealth management company or wherever you are located to find experts who can help set you up for investment management and financial success.
We should save for both rainy days and future goals.
One reason the Bible talks so much about saving money is because God knows that we need it. In Proverbs 6:6-8, God says, “Go to the ant, you sluggard; consider her ways and be wise! Without having any chief, officer or ruler, she prepares her food in summer and gathers her supplies in harvest.” The ants are able to survive because they save for both rainy days and future goals.
In the same way, we should save for both rainy days and future goals. If something unexpected happens—like a job loss or a major car repair—we’ll be glad we have savings to fall back on. And if we want to achieve a major goal—like buying a house or retiring early—we’ll need to save up over time.
Saving money isn’t always easy, but it’s definitely worth it. When we put God first and obey His commandments, He promises to bless us with wisdom and provision (Proverbs 3:5-6).
We should avoid debt.
If you diligently study Bible, you know the Bible has a great deal to say about debt, and it’s not always positive. The Bible tells us to avoid debt whenever possible. When we are in debt, we are serving our creditors instead of God. We should be using our money to further the kingdom of God, not to pay off our debts. Debt can also lead to stress and anxiety, which is not good for our physical or spiritual health.
We should not be greedy.
When it comes to money, the Bible is clear that we should not be greedy. In fact, greed can be dangerous and can lead to all sorts of problems. Proverbs 28:25 says, “A greedy man stirs up dissension, but he who trusts in the Lord will prosper.” Greed can lead to arguments and fighting. It can also lead to jealousy and envy. Proverbs 11:28 says, “Whoever trusts in his riches will fall, but the righteous will thrive like a green leaf.” When we focus on our money and wealth, we are more likely to lose it. But when we focus on God, He will take care of us.
The Bible also teaches that we should be generous with our money. In 2 Corinthians 9:6-7, it says, “Remember this: Whoever sows sparingly will reap sparingly, and whoever sows generously will reap generously. 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.” When we are generous, it blesses both us and others. It shows that we trust God to provide for us, and it helps others in need.