Money Management 101

Money Management 101 by Apply

The bible teaches that we should beware of the love of money[1].  We are supposed to love people and use things, not love things and use people.  If you love money you will never be satisfied[2].  You can’t serve both Yahweh and money[3]. Although we have heard it said a million times, not everyone knows that the phrase “it is more blessed to give than to receive,” is from the Bible (Acts 20:35).

Be Generous: Being generous is a great way to show God’s love.

Live Beneath your Means: If you make $2000 a month, budget and spend only $1800.   If you make $200000 a month, live off way less and be crazy generous.

Budget: Write it down and stick to it[4].

Prioritize: Cut out the things that you can live without until you can afford them.  $800 phones and brand new cars are luxuries, not rights.   Wait until next month or next year to make that big purchase.  Image isn’t everything so stop trying to show off for others. Show off to Yahweh.

Pay cash for everything but your house.

Don’t use credit cards or finance anything. Why make 5-10% on an investment while you are losing 10-25% on a debt. Pay off your debt and then think about investing. Only use a credit card when you absolutely must… when you buy a plane ticket or reserve a hotel room.

Save a bit: It is always nice to have a small chunk of change in the bank for an emergency or to help others.

Treasure God, not possessions.   Luke 12:34 tells us where your treasure is, there your heart will be also.” 




[1] 1 Timothy 6:10 that “the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.” 

[2] Ecclesiastes 5:10 “whoever loves money never has money enough; whoever loves wealth is never satisfied with his income.”  

[3] Matthew 6:24 “no one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money.”

[4] Luke 14:28 For example, who of you wanting to build a tower does not first sit down and calculate the expense to see if he has enough to complete it?