Principles of Biblical Financial Planning
God’s Word contains some financial concepts that can guide and help many individuals, particularly Christians, who’ve been hurt by the tribulations of debt and bad money management. God has provided biblical financial planning guidelines that He wants people to use. If an individual follows these guidelines, they will eventually experience financial freedom and joy. Some are concerned with behaviors, others with attitude. The principles of Biblical Financial Planning contains with several principles those has been explained in below section:
1. SURROUND YOURSELF WITH PEOPLE WHO ARE FINANCIALLY RESPONSIBLE
Whether you choose to acknowledge it or not, you are susceptible to the actions and attitudes of those who are near to you. For instance, you could agree to go shopping or go on a vacation with a close friend even though you can’t afford it because you don’t want to be the odd person out. Therefore, the very first biblical financial guideline is to associate with those who have wise, God-pleasing money management skills and are informed about biblical financial planning. Spending time with like-minded individuals makes it easier to maintain your financial goals. Additionally, it prevents you from committing costly errors.
2. LEARN FINANCIAL INFORMATION
A lack of financial literacy has led to many Christians living in economic servitude. Nowadays, there is very little reason for anyone to be uninformed about fundamental financial concepts. Everyone must be financially literate, especially if they are business owners or in charge of managing their family’s funds. Lack of financial understanding may limit your opportunities and prevent you from achieving all of your savings goals. So make learning about money a top priority.
3. CONTROL AND DISCIPLINE OF ONESELF
Many financial problems happen because of a lack of self-control and discipline. When you lack self-control, you risk making snap judgments that could cost you money. When practicing an economic discipline, you will always have enough money to donate to the Lord’s service and other worthwhile organizations. However, you cannot serve God’s kingdom if you are perpetually broke or striving to make ends meet.
Being diligent is the best method to guarantee that you have wealth to donate. Accept self-restraint. Be prepared to refuse requests, and take charge of your expenditures. You should be more deliberate with overall spending rather than becoming a hoarder or adopting a poor outlook.
4. SACRIFICE
One of the most crucial biblical values is that of sacrifice. The application of biblical financial concepts results in wealth and mental tranquility. But adhering to biblical economic principles also means exercising sacrifice and commitment. To accumulate wealth and experience peace of mind, one must be willing to make sacrifices, whether giving up small pleasures to increase one’s savings or working a few hours more.
5. PLANNING
Without planning, it is impossible to build a sound financial basis. Your finances are less uncertain when you have a plan. It aids in maintaining your financial stability and prevents you from making disastrous decisions. Creating a savings plan is the first step you must take if you identify as a Christian and want financial independence. You won’t advance in your finances if you don’t have a strategy. You must take action to organize your finances since it is not God’s intention for you to be in debt.
Conclusion
Biblical financial Management helps you make daily decisions about how much to save, spend, and give while applying God’s Word to money management. It involves taking on the attitude of a custodian of the assets that have been entrusted to everyone and helping the causes that are dear to God.