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A Deeper Look: Money Management
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Verses About Money
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Money management is integral to a more balanced life [see our course on Self-Care]. The Bible offers timeless wisdom regarding the stewardship of resources. Let’s examine a few valuable lessons:
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Key Verse |
Warning/Admonition |
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Proverbs 22:7: "The rich rule over the poor, and the borrower is slave to the lender." |
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This verse warns about the dangers of debt and the importance of living within one's means. |
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Matthew 6:24: "No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money." |
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This teaching by Jesus emphasizes the importance of prioritizing God over material wealth. |
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Proverbs 13:11: "Dishonest money dwindles away, but whoever gathers money little by little makes it grow." |
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This verse underscores the value of honest earning and saving over time. |
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1 Timothy 6:10: "For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs." |
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Here, the Apostle Paul warns against the love of money and urges us to uphold our faith and values above material gain. |
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Luke 14:28: "Suppose one of you wants to build a tower. Won't you first sit down and estimate the cost to see if you have enough money to complete it?" |
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This parable of Jesus emphasizes the importance of planning and budgeting. |
Biblical Principles of Money Management
- Living Within Your Means: The Bible teaches the importance of living within our means and avoiding debt. This principle encourages individuals to spend less than they earn, thus avoiding debt and promoting financial freedom.
- Saving and Investing Wisely: Saving a portion of one's income and investing wisely are advocated for in the Bible, promoting financial security and future provision.
- Giving Generously: Generosity is a recurring theme in the Bible. It teaches the importance of giving to people in need and supporting communal and spiritual causes.
- Avoiding Greed and Materialism: The Bible warns against the pitfalls of greed and materialism, teaching instead the value of contentment and spiritual richness.
- Practicing Honesty and Integrity: Being honest in our financial dealings and maintaining integrity is a foundational principle in biblical money management.
The Bible offers a rich source of wisdom and guidance on managing money in a balanced and ethical manner. By aligning our financial practices with biblical principles, we foster financial health and cultivate spiritual growth and community well-being.