April 11, 2016

Biblical Financial Principles: The Wise Saver

One who builds, preserves, and invests with discernment.

It is wise to save.

“The wise store up choice food and oil, but fools gulp theirs down.” (Proverbs 21:20 TNIV). “Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers it food at harvest” (Proverbs 6:6-8).

It is sinful to hoard.

“Then he told them a story: ‘A rich man had a fertile farm that produced fine crops. He said to himself, “What should I do? I don’t have room for all my crops.” Then he said, “I know! I’ll tear down my barns and build bigger ones. Then I’ll have room enough to store all my wheat and other goods. And I’ll sit back and say to myself, ‘My friend, you have enough stored away for years to come. Now take it easy! Eat, drink, and be merry!”’ But God said to him, “You fool! You will die this very night. Then who will get everything you worked for?” Yes, a person is a fool to store up earthly wealth but not have a rich relationship with God’” (Luke 12:16-21 NLT).

Calculate cost; prioritize.

“But don’t begin until you count the cost. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it? Otherwise, you might complete only the foundation before running out of money, and then everyone would laugh at you. They would say, ‘There’s the person who started that building and couldn’t afford to finish it!’” (Luke14:28-30 NLT).

 Avoid get-rich-quick schemes.

“The trustworthy person will get a rich reward, but a person who wants quick riches will get into trouble” (Proverbs 28:20 NLT).

Seek wise counselors.

“Let the wise listen and add to their learning, and let the discerning get guidance” (Proverbs 1:5).

 Establish a job before buying a home.

“Finish your outdoor work and get your fields ready; after that, build your house” (Proverbs 24:27).

Diversify your holdings.

“Give portions to seven, yes to eight, for you do not know what disaster may come upon the land” (Eccles. 11:2).

Help the people in your church or organization develop a stewards’ mindset with a year-round stewardship ministry. The Good $ense Stewardship Ministry Pack contains the resources to get you going.