You must understand that your money is not yours – it’s God’s. In fact, your anything is not yours – it’s God’s. It’s a matter of stewardship. God must think money matters are important because He deals with the subject over 800 times in Scripture. God talks about money matters more than faith, hope, and love combined. More than sin and righteousness. More than heaven and hell. In spite of that, many believers view money as a necessary evil. However, that is faulty thinking. Money is a matter of stewardship.
We either have too little or struggle with others that have too much (which is only when you have too little). We tend to manage it poorly. We spend it spontaneously.
The following statistics from Dave Ramsey’s website highlight our struggle:
• Marital Problems – 37 percent (the highest rate) of marital problems derive from financial situations
• Cash Flow – 70 percent of all consumers live paycheck to paycheck, meaning they run out of money before they run out of month
• Savings – The average family would have to use a credit card to pay a $1,500 unexpected expense (ex: home or car repair).
• Retirement – Nearly half of all Americans (46%) have less than $10,000 saved for their retirement.
What does all of this mean as a believer? God says that He’ll take care of me but does that mean I should be financially ignorant? Am I sharing these stats to frighten you and get you to worry about money? By no means, but I do believe that as believers we should set the example to the world about money matters. Money is a matter of stewardship. But how can I be a good steward?
The Word of God actually teaches believers to be good stewards of their money. I want to emphasize 5 Biblical principles that show us how to be good stewards.
Principle 1: Be responsible with the little things.
Luke 16:10,11 tells us: “If you are faithful in little things, you will be faithful in large ones. But if you are dishonest in little things, you won’t be honest with greater responsibilities. And if you are untrustworthy about worldly wealth, who will trust you with the true riches of heaven?”
You might say “little” is right – I don’t have any money. Do you realize that regardless of how you define “little”, you are still told to be trustworthy with it? Start small. Handle what you’ve got responsibly. Be trustworthy. If you can be trusted with the way you use your money, then you can be trusted with greater things. If you abuse worldly things, why would things be any different with spiritual gifts? If you can’t handle something that is temporary and transitory, how are you expected to manage true riches? Being unfaithful in earthly matters is evidence that you would be unfaithful also in much greater affairs. It appears from this verse that God uses money as a test of our management and stewardship skills before entrusting us with spiritual things.
Principle 2: Keep your priorities straight.
Matt. 6:24 says, ”No one can serve two masters. For you will hate one and love the other; you will be devoted to one and despise the other. You cannot serve both God and money.”
Many people use this verse to prove that money needs to be despised – that in order to live for God you must be willing to be poor; however, in the proper context, it is emphasizing priorities. If your pursuit of money becomes the highest priority in your life, you need a check up from the neck up. You serve that which you love. Love for money will drive you away from God (1 Tim. 6:10). However, loving God will cause you to not make money your primary concern in life. Either God is the object of your trust or something else is. Spurgeon says that “You can live for this world, or live for the next; but to live equally for both is impossible.” Jesus tells us in Matt. 6:21: “Wherever your treasure is, there the desires of your heart will also be.”
Principle 3: Become a generous giver.
2 Cor. 9:6-8: “Remember this – a farmer who plants only a few seeds will get a small crop. But the one who plants generously will get a generous crop. You must each decide in your heart how much to give. And don’t give reluctantly or in response to pressure. ‘For God loves a person who gives cheerfully.’ And God will generously provide all you need. Then you will always have everything you need and plenty left over to share with others.”
In the temple, the Jews had two chests for giving. One was necessary – what the law required. The other was for the free-will offerings. To escape judgment some would grudgingly give what they were obligated to give; but others would give cheerfully for the love of God and to help a need. Related to what the law required, nothing is said; they simply did it. But related to the free-will offerings, much is said; God loves them. The benefit of giving is lost to the giver when he does it with a grumbling heart.
This is the principle of sowing and reaping. No one expects to reap unless he has sown. Good stewards give and they do so generously with a proper attitude. Good stewards are hilarious givers (the true background of the word used).
Principle 4: Stay out of debt.
Proverbs 22:7 states “Just as the rich rule the poor, so the borrower is servant to the lender.”
Does the Bible really discourage debt? Does God really want you to pay your debts off and avoid debt? Romans 13:8 says to “Owe no man anything, but to love one another.” When you are in debt, you are at the mercy of another. You are spending money you have not earned yet. Matthew Henry said, “Some sell their liberty to gratify their luxury.” What’s the biggest negative consequence of debt? Most say “compound interest”. I believe it is “stress”. Whatever it is, the bottom line regardless of your income is to earn more than you spend!
Principle 5: Invest for future needs.
Proverbs 21:20: “The wise have wealth and luxury, but fools spend whatever they get.”
The question then is: are you living like a fool? The wise have abundance because of their choices. It takes diligence and care, but it is good stewardship. Wisdom teaches you to proportion your expenses to your income. Too many people spend more than they make. This is foolishness. God wants you to be wise stewards and save for future needs, to set something back for safekeeping. In order words, God wants you to use your head when it comes to money.
Proverbs 13:22 tells us: “Good people leave an inheritance to their grandchildren, but the sinner’s wealth passes to the godly.” How do you handle your finances? You may say, “ I’m just trying to get by – I’m not even thinking about my future grandkids!” When you are foolish and unwise with your resources, you will not leave any lasting inheritance – whether financial or influencial. The US donated enough beans to a starving country to feed that nation for at least 100 years. The problem was they gave it in the form of seeds. The crop lasted only one harvest because they ate it all and did not keep some back to plant for a future harvest. God wants us to make a difference, financially, in our families.
To conclude, let’s recap the 5 Biblical principles. Remember, it’s God’s money to start with. You have to understand that principle. Be responsible with little. Think right about money. Then follow these principles:
1) Give.
Practice the Biblical principle of giving first back to God what is His (church, missions, a need).
2) Save
Practice the Biblical principle of saving for the future(savings, future needs, retirement).
3) Live
Use the rest to live on (paying bills, clothes, food, entertainment, etc).
That’s wise stewardship! God’s principles always work.
For more helpful resources, I encourage you to study your Bible and discover what else God says about finances. Then check out www.daveramsey.com and www.crosswalk.com. Also read these books: Trust God for your Finances by Jack Hartman and Give Yourself a Total Money Makeover by Dave Ramsey.