The LORD provides many principles in the bible that help you manage money in order to prosper such as planning (including budgeting), tithing, offering, debt elimination, refusing to cosign, saving, investing, and diversifying. Thanksgiving, praise, worship, prayer to Him, regular scripture reading & study, weekly fellowship with a local representation of the body of Christ, and receiving instruction from wise saints help you employ these principles in the best possible manner. Such engagement invites the Holy Spirit to give you knowledge and understanding so you can make wise actions that are best for you now and in the future.
He understands you will learn and walk these principles out step by step until you finally employ all of them to display a well-rounded arsenal of weapons that fend off satan’s attacks on your life through day to day financial decisions, emergencies, catastrophes, and other situations. His hope is that you will immediately begin to use each principle after hearing He instructed His people to follow it because obedience to His plan for your life is ultimately best for you.
Saving is one of these biblical principles. There are a few methods you can use including saving a reasonable portion of your monthly income before you pay expenses to any other person or entity or save what is left over after you pay the minimum monthly payment to those you owe. Also, there are many tools you can use such as savings accounts, money market accounts / funds, certificates of deposit, etc. Getting yourself in a position to save regularly and consistently in a way that preserves your principal and earns interest on top is necessary before you begin to invest in vehicles that are more speculative on the short-term horizon but provide a far greater ability to increase your wealth on the long-term horizon (no load low expense stock index mutual funds, no load low expense bond index mutual funds, credible real estate ventures and funds, etc.).
Sometimes a conflict arises in your mind that wonders how you can tithe and give abundantly and save money at the same time. Since God put each of these principles into play in the earth, the Holy Spirit is able to show you how both principles work together to fulfill God’s perfect plan for you. After all, abundant tithing and giving is a fraction of your income (starting at 10%) compared to the amount you expend on other desires (upwards of 60% on houses, cars, furniture, clothes, jewelry, etc.). The first step to implementing the saving principle in your life is knowing it is important to the LORD and should be employed for your betterment and for those to whom you are called to be a light and example.
Please pray for this ministry and email any questions. May the LORD bless you richly as you follow His plan!
Genesis 13:2, Proverbs 21:20, Matthew 25:26-30, Luke 19:22-27, 1Timothy 6:17-19
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