The Word of God virtually covers all aspects of life, including how to manage your personal finances. The personal finance guidelines enshrined in the great Bible can help eliminate your personal financial woes. In fact, there are more than 2300 scriptures, contained in the Bible, that deal with money and wealth. These principles help you manage your money in a better way. These assist you avert making financial mistakes.
All the financial counseling sessions and tutorials are some modified form of the financial guidelines which have already been contained in the Bible, which can help individuals who have been victimized by unsecured credit card debts or buy-now-pay-later syndrome. Biblical principles are nothing but the gospel words of God to his children for conducting disciplined financial behavior. By following these principles, you can show your obedience to the Almighty. Here are some Biblical principles, contained in the sacred Bible, that you can follow so as to get rid of financial ordeals.
The eternal and the omnipresent God is the source of everything. “My God shall supply all your needs according to his riches in glory by Christ Jesus.” When you are in need of money, the only solution is prayer. God will provide it, according to His judgment.
“Give, and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give unto your bosom. For with the same measure that ye mete withal it shall be measured to you again.”
This principle says that if you are not tithing, then you are deprived of the blessings of God. It may not be the case that you will always be blessed with money, but there are certainly greater blessings than being blessed with money. It is difficult to quantify certain things which have been performed by following Biblical principles. For example, your visit to a church along with your family members, a wedding ritual, or seeing your children filled with the Holy Ghost can’t be measured in terms of money.
It is very common that many of you are plagued by the severe debt crisis. Your financial indiscretion often put you into serious debt trouble. However, if you were a little more measured in your approach, the situation would not have been like this. Admit that you are the only culprit behind your financial agony and the sooner you initiate measures to sort out this crisis, the better it is for you. If you are already in debt, in a serious effort so that it does not grow to unmanageable levels. Here, it would indeed be an excellent idea to minimize the use of credit cards and to use liquid cash to purchase necessary items. This will help you maintain better control over your finances and help you get out of debt.
The Biblical principle also preaches for personal savings. This serves as a cushion to tide over any kind of emergency situation that may happen in the future. “There is a treasure to be desired and oil in the dwelling of the wise, but a foolish man spendeth it up.” “A prudent man foresees evil, and hides: but the simple pass on, and are punished.” Regular savings help you build up a healthy emergency fund. It is recommended that you should not use that emergency fund for non-emergency purposes such as eating outside or for going out for vacation.
"The wicked borroweth, and payeth not again." And once a person takes a debt, he/she loses a part of his/her freedom. “The rich ruleth over the poor, and the borrower is servant to the lender". So, put in honest efforts to get out of debt. Do not default to making the regular monthly payment. There are various ways to initiate your debt reduction program. You may start by paying off the highest interest rate debt first or else you may target paying off the smallest debt first also. However, the strategy that you will follow will depend upon your specific financial situation.
It is wise to track all the expenditures. Once you have got a fair idea about your expenditures on different items, you can easily plan a realistic budget for a month. Make sure that you do not overspend on a particular item in a month. This helps you keep a lid on your spending and save some money for the future.
If you follow the above-mentioned principles in your life, you will surely achieve financial freedom. And once you have achieved financial freedom, the next step is to build your wealth through wise investment. However, do not expect to amass huge wealth in a very short period of time. Be patient, have control over your emotions and start investing in your own humble way and build wealth bit by bit.
“In all labor, there is profit: but the talk of the lips tendeth only to penury.” So, it is important to work. You can make money only through your work. If you are not working hard, chances are quite high that you may fall into financial trouble. So, follow this Biblical principle and pave the way to achieve financial freedom.
By following the Biblical principles on finances, you can get out of all your financial debts and achieve financial freedom. More importantly, by following these principles you can actually serve God.