5 Biblical Principles of Money Management

My dear fellow Proverbs 31 women in progress,

I hope you’ve been doing well since my last post. Today, I want to share with you 5 principles of money management found in the Bible, so that we can all progress in this area to become as financially astute as the Proverbs 31 woman.

The principles I will share today are the following:

  • the Lord’s ownership
  • debt avoidance
  • advice seeking
  • investing
  • giving

Principle #1: God owns it all

The silver is mine, and the gold is mine, says the Lord of hosts

Haggai 2:8

While we are on this earth, God provides for us in anything, including in money department. Therefore, we should act as his managers, having in mind that we have brought nothing on this earth and we’ll bring nothing back with us when we die.

Also, we are only pilgrims on this earth and we will be held accountable for all our habits before the Lord on the Judgment Day. That’s why we must be careful to be godly in everything, including in the way we manage our money – even if we don’t have lots of it. Don’t wait to have a lot of money to start managing it for the Lord’s glory.

I hope that we’ll all be greeted with a large smile from the Lord saying:

Well done, good and faithful servant: you have been faithful over a few things, I will make you ruler over many things: enter into the joy of your Lord

Matthew 25:21

Principle #2: Avoid debt

The rich rules over the poor, and the borrower is servant to the lender

Proverbs 22:7

I have dealt with the topic of debt in earlier posts. Debt is mostly caused by spiritual issues, especially covetousness and lack of contentment. Moreover, debt can affect your relationships with your entourage and prevents you from being generous for the advancement of the Kingdom of God.

Did you know that God lists being in debt as being a curse on the Israelites if they do not follow the law and respect the covenant? If you don’t believe me, please read Deuteronomy 28, 43-44:

The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail

Therefore, if you are in debt, please get out of it! You can read my previous posts about debt here and here.

Principle #3: Seek proper advice

Without counsel purposes are disappointed: but in the multitude of counsellors they are established

Proverbs 15:22

Money is a sensitive topic, so you shouldn’t hesitate to seek advice concerning money management from God’s perspective. Where can you find such advice? In the Bible of course, especially in the Book of Proverbs; but you can also contact an elder or a person who truly understands God’s perspective of money. A professional advisor who really knows his field can also help.

And don’t be afraid to look like a fool: honestly, I’d rather have someone who confesses that he/she is ignorant about things than someone who acts as if he/she knows everything whereas he/she is too proud and to stubborn to look for knowledge.

Principle #4: Save & invest

The thoughts of the diligent lead only to plenty; but of everyone that is hasty only to want to want

Proverbs 21:5

Saving and investing money participate to proper money management if carefully planned. Saving and investing also means that you decided to be responsible about your money and that you want to be independent, which is honorable.

However, you must be careful about your intentions when you save and/or invest your money. You must stay away from feelings such as self-centeredness and selfishness. If you invest money just for the pleasure of accumulating, it’s really sad and you’ll be out of touch with the purpose of the Gospel.

Investing should be for the well-being of our families, for the support of God’s work or to start a business for example.

Principle#5: Give!

So let each one give as he purposes in his heart, not grudgingly or of necessity; for God loves a cheerful giver

2 Corinthians 9:7

Giving is essential in God’s economy. He already showed it with the principle of tithing in the Old Testament. In the early church, the apostles were also dedicated to give funds to help widows. Why is giving so important to God’s eyes?

Because it means that we obey His commands and we want to worship Him by loving our neighbor like ourselves. Also, it means that we get rid of self to focus on Christ.

Giving also brings blessings back to the giver:

And God is able to make all grace abound toward you, that you, always having all sufficiency in all things, may have an abundance for every work

2 Corinthians 9:8

Well that’s all for today? Do you agree with these principles in money management? Please share your point of view in your comments below!

Stay blessed!

Read more:

The Proverbs 31 woman’ financial virtuous circle 

To go further:

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  1. Guy says:

    I heard a lot about avoiding debt. But we live in a world built on it. We cannot buy a house or a car without borrowing to the bank.

    I agree though that, some debts, like credit card ones, can certainly be avoid. But when it comes to a car for instance, which many needs to go to work because they live in a town where there are no bus, it’s another thing.

    I have a mortgage to pay. If I can, eventually, my prayer is to clear it all off. I have already started to clear out my credit cards debts usimg Dave Ramsey’s Baby Steps, attacking the smaller one to the biggest one. It works so far. But it will take years before I could clear off my mortgage.

    So I agree that debts is not really a good thing. But with the advice of men like Dave Ramsey there is hope to get out of it eventually.

    • angelce says:

      I agree with you there zre some debts we cannot escape. However, living debt free should be pursued, don’t you think? Anyway, thanks for your comment!

    • Alice says:

      I believe this is a “must-read” for all Christians, especially those who are struggling to make ends meet.

      God wants to bless His children with every kind of blessing, including material and financial blessings. It’s just sad that many of us are not enjoying these blessings to the full because we are not applying these 5 biblical principles of money management.

      I will never forget what my pastor said about indebtedness. He said that God does not want us to be indebted because we are supposed to be the lenders, not the borrowers (Deuteronomy 12:12-13) and he also quoted Romans 13:8 which says we should owe anyone nothing except to love one another. Or in the NIV it says, “Let no debt remain outstanding,except the continuing debt to love one another.”

      I strongly agree with number 5 on your list, the principle of giving. I believe that the key to blessing and prosperity is giving; we give to our family, to others in need and for the works of the Lord and we should always give out of love.

      Giving is also our way of acknowledging God as the the source and owner of everything, including our lives.

      • angelce says:

        Dear Alice,

        thanks for sharing!

      • Flavia says:

        I agree with all these principles that you listed.

        I have been recently struggling with the issue of money from a spiritual perspective. There are tons of advice out there about money and how to manage it, but very little people touch base on it from God’s point of view and from a Godly perspective.

        Very interesting!

        • angelce says:

          thanks flavia