Principles of money management can be found in the Bible. They turn out to be the same ones that work in the secular world.
Here are the most common which help us avoid many common pitfalls and cultural traps.)
(Hint: These principles can be especially helpful in training youth and young adults as they begin to develop lifelong habits in personal finance.)
Please read these principles and Scriptures. They make a great table devotional for you and your family.
By practicing these biblical principles, all of us can find greater simplicity, contentment, generosity, and joy for our lives.
Also, be sure to check out the other financial management resources on our website.
Six Key Financial Principles
1. Pay your tithe and offering first. (2 Corinthians 9:6-7)
2. Create a budget and track your expenses. (Proverbs 27:23-24)
3. Simplify your lifestyle (live below your means). (Matthew 6:19-33)
4. Establish an emergency fund. (1 Timothy6:9-12)
5. Pay off your credit cards, use cash/debit cards for purchases, and use credit wisely. (Proverbs 22:7)
6. Practice long-term savings and investing habits. (Luke 14:28)
1. I will thank God daily for all my blessings.
My goal for daily Bible reading and prayer is ______ days each week.
2. I will seek contentment and simplicity and live within my means.
My spending goal is ________________________
3. I will seek freedom from the bonds of credit and debt.
My debt reduction goal is ____________________
4. I will seek to wisely manage the gifts God has given me, investing and saving for the future.
My saving goal is _________________________
5. I will worship God each week by the giving of my tithes and offerings.
My estimate of giving for 2011 is _____________
For personal use.
Place in your Bible for reference in the coming year.