Handling Family Finances
The topic of finances is certainly an appropriate one to address before getting married! It is important because poor management of finances can be a source of conflict in your marriage … and because how you handle your finances is indicative of the condition of your walk with the Lord. James Rickard writes, “We will never handle anything less significant than money, nor more outwardly indicative of our inward spiritual condition.”
The Bible has a lot to say about the subject of money. The following observations have been made concerning this subject:
- 16 out of 38 of Christ’s parables deal with money or wealth
- more is said in the New Testament about wealth than about heaven and hell combined
- five times more is said about money than prayer in the Bible
- while there are over 500 verses in the Bible on both prayer and faith, there are over 2000 verses dealing with money and possessions
So … what ARE the Biblical principles that should form our perspective toward money? In this session we will consider FIVE Biblical principles concerning your finances.
- Your Money Comes From God
- God OWNS everything we have.
“The earth is the LORD’S, and all it contains, the world, and those who dwell in it.” Psalm 24:1
“‘The silver is Mine and the gold is Mine,’ declares the LORD of hosts.”
- God PROVIDES everything we have.
- The Proof
“Both riches and honor come from You …” 1 Chronicles 29:12
“The LORD makes poor and rich; He brings low, He also exalts.” 1 Samuel 2:7
“What do you have that you did not receive? And if you did receive it, why do you boast as if you had not received it?” 1 Corinthians 4:7b
“Every good thing given and every perfect gift is from above, coming down from the Father of lights …” James 1:17
- The Process
But HOW does He provide for us? What is the process?
NORMALLY: We get what we have through HONEST work.
“But you shall remember the LORD your God, for it is He who is giving you power to make wealth …” Deuteronomy 8:18a
Now, you might be thinking: “I’ve done pretty well on my own … I’ve earned
what I have … I’ve worked hard to gain the position and income I have.” But God says, “I gave you every opportunity … I gave you the ability to make your wealth … I gave you the intelligence and health and all that you have and are.”
- We see the theme of the importance of working in Scripture
Genesis 2 … work is sanctioned by the Lord from the beginning
Exodus 20:9 … six days labour to do your work
Prov. 6:6, 9 … look at the ant … industrious
Prov. 10:4 … the hand of the diligent makes rich
Eph. 4:28 … don’t steal, but labour with your own hands
- There are warnings also
Prov. 19:15 … laziness casts into a deep sleep, an idle man will suffer hunger
Prov. 20:4, 13, 21 … the sluggard will have to beg … do not love sleep lest you become poor … money gained hurriedly will not be blessed in the end
Prov. 24:30-34 … the field of the sluggard is overrun with thorns … a little sleep, and your poverty will come as a robber
Lessons so far …
God OWNS everything
God PROVIDES everything
God’s normal process is through HONEST, hard work
God allows you to make money so in essence your money is a gift from God
- Your Money is Neither Good nor Bad
Some people say Christians shouldn’t have $ or things … that it is unbiblical to have possessions and enjoy them. Yet, the Bible tells us:
“God richly supplies us with all things to enjoy.” 1 Tim. 6:17 What a gracious God we have! He richly supplies us and tells us to enjoy what we are given.
BUT … we are not to LOVE our $ or our things. This is where the problem of money begins …
“He who loves money will not be satisfied with money, nor he who loves abundance with its income.” Eccl. 5:10
“For the love of money is the root of all sorts of evil, and some by longing for it have wandered away from the faith, and pierced themselves with many a pang.” 1 Tim. 6:10
- The love of money leads to DISCONTENTMENT .
1 Timothy 6:6-7
- The love of money leads to DESTRUCTION .
1 Timothy 6:9
It is not a “little thing” that you are playing around with when you love money. It can lead to RUIN and DESTRUCTION. When you love money you can be easily deceived.
Judas; Ananias and Saphira
- The love of money leads to SPIRITUAL APATHY and IDOL WORSHIP .
“You cannot serve God and wealth.” Matthew 6:24
When you love money you cannot love God at the same time. You will begin to:
When you start acquiring things, you can easily switch your trust from God to your possessions, your skills.
Instead of trusting God, you …
Trust in other things
Job 31:20-25, 28b
1 Timothy 6:17-18
Riches are not certain!
- The love of money leads to DISAPPOINMENT .
“Do not weary yourself to gain wealth…when you set your eyes on it, it is gone”
- The love of money leads to PRIDE .
“The rich man is wise in his own eyes.” Proverbs 28:11a (Jermiah 9:23-24)
- The love of money leads to ANXIETY .
Matthew 6:25, 31, 34 “…do not be anxious for your life…do not be anxious, asking what shall we eat…do not be anxious for tomorrow.
“Anxiety” means, “Torn apart inside.”
You cannot love and serve both God and money. When you have a life of discontentment, destruction, spiritual apathy, disappointment, pride, and anxiety, who are you hating? God!
III. Your Money is not the Most Important Thing in Life
Luke 12:15 “Be on your guard against every form of greed; for not even when one has an abundance does his life consist of his possessions.”
What are some more important things?
- Your relationship with God .
- Your relationship with your Family .
It’s an attitude you have towards God, your family, and money. Don’t love money. Knowing and loving God and your family lasts forever, money doesn’t.
- Your Money is to Be Spent Wisely
You are not to use your money irresponsibly.
- Avoid Overindulgence .
Overindulgence is spending money irresponsibly.
“For the heavy drinker and the glutton will come to poverty.” Prov. 23:21
“Everyone who is hasty comes surely to poverty.” Proverbs 21:5
Therefore, you must PLAN!!!
If there are things you need or want to purchase, make a list. Watch for it to go on sale. Look for alternatives…such as second hand items at garage sales. Let some time go by before buying something at all. You may find that it was not as necessary as you first thought.
- Avoid Over extension .
Proverbs 6:1-3 …being surety, or responsible for the financial obligations of someone else, when not you are not actually able to fulfill them.
Proverbs 22:7 … the borrower becomes the lender’s slave.
Borrowing is not wrong. But borrowing without the ability to pay back and fulfill your obligation is wrong.
- Your Money is Not Just For Yourselves
“Honor the LORD from your wealth and from the first of all your produce; 10 so your barns will be filled with plenty …” Proverbs 3:9-10
“Now this I say, he who sows sparingly will also reap sparingly, and he who sows bountifully will also reap bountifully. 7 Each one must do just as he has purposed in his heart, not grudgingly or under compulsion, for God loves a cheerful giver.” 2 Corinthians 9:6-7
“On the first day of every week each one of you is to put aside and save, as he may prosper, so that no collections be made when I come.” 1 Corinthians 16:2
Principles on how you are to give, from 2 Cor. 9:6-7 and 1 Cor. 16:2
So your money is not just for yourselves – it is for the kingdom of God.
Your money is also to be used for others …
Prov. 19:17; 22:9 …if gracious to a poor man, you lend to the Lord…he who is generous will be blessed
Galatians 6:6 …give to those who teach the Word … do this by giving to your church
Matthew 25:35 Principle: when you give to others, you are giving to the Lord
“But whoever has the world’s goods, and sees his brother in need and closes his heart against him, how does the love of God abide in him?” 1 John 3:17
- Consciously acknowledge God’s ownership of your life and possessions.
- Work HARD! Pour yourself into whatever job God has given you.
- Be honest in all your dealings with money.
- Guard your heart against covetousness and materialism.
- Meet current needs, then provide for the future. (Luke 19:11-26 …commends investing).
- Stay out of debt.
- Don’t spend more than you make
- Evaluate every expenditure (Prov. 21:5 …plans of the diligent lead to advantage)
- Make use of a budget (see Exemplary Husband pg. 349)
- Shop wisely…wait if possible before buying
- Use credit cards wisely
- Seek counsel on large purchases
- Pray for God’s wisdom
- Invest for eternity with the kingdom of God always in mind