Saving Money


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We are commanded to save money by the Lord. Is it wrong for Christian to save money in the Bank? Or to buy Life Insurance? What is in God We Turst?

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Saving Money

  1. 1. This country tiny country consist of 63 island and some mainland with a total area of only 270 square miles (704 sq km). With Hong Kong, South Korea and Taiwan it is considered one of the Four Asian Tigers. Singapore has the busiest port in the world and is the 4th largest foreign exchange trading center in the world. Singapore is widely believed to be the most business-friendly economy in the world. 6. Singapore – $48,900
  2. 2. Statistic <ul><li>Statistics GDP $235.7 billion (2009 est.) </li></ul><ul><li>GDP growth -2.1% (2009 est.) </li></ul><ul><li>GDP per capita $50,300 (2009 est.) </li></ul><ul><li>GDP by sector agriculture : 0%; industry : 26.8%; services : 73.2% (2009 est.) </li></ul><ul><li>Inflation ( CPI )0.2% (2009 est.) </li></ul><ul><li>Population </li></ul><ul><li>below Below poverty line N/A </li></ul><ul><li>Labour force 3.03 million (2009 est.) </li></ul><ul><li>Labour force by occupation manufacturing 18%, construction 6%, transportation and communication 11%, financial, business, and other services 39%, other 26% (2003) Unemployment 3% (2009 est.) </li></ul><ul><li>Main industries electronics , chemicals , financial services , oil drilling equipment, petroleum refining , rubber processing and rubber products, processed food and beverages , ship repair, offshore platform construction, life sciences, entrepot trade </li></ul>
  3. 3. Saving For the Raining Day Book of Proverb
  4. 4. Proverbs 30:25 <ul><li>The ants are a people not strong, yet they prepare their meat in the summer; </li></ul>
  5. 5. Proverbs 30:25 <ul><li>The ants are a people not strong, yet they prepare their meat in the summer; </li></ul>Agriculture Evolution Aesop
  6. 6. Economic Wisdom <ul><li>Solomon also used the ant to illustrate economic wisdom, when he exhorted his son to consider their diligence, their initiative without supervision, and their foresight to prepare and save for the future ( 6:6-8 ). </li></ul><ul><li>Do you have a regular savings program? </li></ul>Proverbs 6:6 Go to the ant, thou sluggard; consider her ways, and be wise: 6:7 Which having no guide, overseer, or ruler, 6:8 Provideth her meat in the summer, and gathereth her food in the harvest.
  7. 7. Weak Ants <ul><li>Though ants are very weak. </li></ul><ul><li>They use wisdom to preserve and protect themselves. </li></ul><ul><li>In the summer, they work diligently to accumulate as much food as possible, which they eat during the fall and spring, when underground. </li></ul><ul><li>They generally hibernate in the winter. </li></ul>
  8. 8. Wise Man Save <ul><li>Wise men do not spend all their income; only fools spend it all ( 21:20 ). </li></ul><ul><li>Saving some of your income is not a recommendation or suggestion - it is a commandment of the LORD. </li></ul><ul><li>We are to learn from the ants ( 6:6-8 ; 30:25 ); savings protects us from unforeseen danger in the future ( 27:12 ). </li></ul><ul><li>Not saving some of your income is sinful waste ( 12:27 ; 27:24 ). </li></ul> 20 In the house of the wise are stores of choice food and oil, but a foolish man devours all he has. 6 Go to the ant, you sluggard;     consider its ways and be wise!   7 It has no commander,      no overseer or ruler,   8 yet it stores its provisions in summer and gathers its food at harvest. 25 Ants are creatures of little strength, yet they store up their food in the summer;  12 The prudent see danger and take refuge, but the simple keep going and suffer for it.  27 The lazy man does not roast [ a ] his game, but the diligent man prizes his possessions.  24 for riches do not endure forever, and a crown is not secure for all generations.
  9. 9. How to save? <ul><li>Savings must be a priority in life, not an option for money left over after expenses. </li></ul><ul><li>What you save is what you pay yourself! What you spend is what you pay others! </li></ul><ul><li>Wise men will save at least 10%. The change in lifestyle to save 10% is insignificant, if prudence is practiced elsewhere. </li></ul><ul><li>A simple savings program is easy. You pay God first (10%+), yourself second (10%+), and live on the rest. </li></ul><ul><li>By living on 80% of your income, you will appreciate things more ( 27:7 )! </li></ul>27:7 The full soul loatheth an honeycomb; but to the hungry soul every bitter thing is sweet.
  10. 10. What Benefits in Saving? <ul><li>Savings creates another benefit - capital! 14:4. </li></ul><ul><li>Every man will have a few opportunities in his life - called time and chance in the Bible - to make big money ( Eccl 9:11 ). </li></ul><ul><li>But you must have capital - savings - to take advantage of these opportunities. </li></ul><ul><li>Some call this investment capital seed corn, for it is the seed that can be planted for a future harvest. </li></ul><ul><li>The ant's wisdom has taught us savings and investment! </li></ul>  11 I have seen something else under the sun:        The race is not to the swift        or the battle to the strong,        nor does food come to the wise        or wealth to the brilliant        or favor to the learned;        but time and chance happen to them all.
  11. 11. <ul><li>It is for the future ! </li></ul><ul><li>If the ants took vacations and ate their food stores, they would die in the fall and winter, when they need those food stores. </li></ul><ul><li>If you need extra cash , it comes from cash management and other reserve funds; it does not come from savings. </li></ul><ul><li>your seed corn is not to be eaten! </li></ul><ul><li>If you invest your capital conservatively and wisely, it will grow during all the hours of the day and night. </li></ul><ul><li>You are leveraging your limited ability and effort by the multiplied abilities and efforts of many others. Thank you, ants! </li></ul>You never touch savings!
  12. 12. Financial Success <ul><li>Financial success requires diligence, discipline, sacrifice, consistency, and time. </li></ul><ul><li>The ants do all five well ( 6:6-8 ; 30:25 ). </li></ul><ul><li>Diligence is working hard to maximize your income. </li></ul><ul><li>Discipline is paying the Lord first and yourself second, before spending even a dime. </li></ul><ul><li>Sacrifice is doing without a few toys and luxuries you want. </li></ul><ul><li>Consistency is doing it without interruption during your productive years. </li></ul><ul><li>Time is what allows savings to grow! </li></ul>6:6 Go to the ant, thou sluggard; consider her ways, and be wise: 6:7 Which having no guide, overseer, or ruler, 6:8 Provideth her meat in the summer, and gathereth her food in the harvest. 30:25 The ants are a people not strong, yet they prepare their meat in the summer;
  13. 13. Money Not Enough <ul><li>If your estate is small and your savings negligible, it is because you have ignored the ants and Solomon's wisdom. </li></ul><ul><li>Have you never heard that you ought to save at least 10% of your income for the future - for emergencies and opportunities? </li></ul><ul><li>Have you never heard? Or are you more foolish than the ants, which save without a ruler or guide? </li></ul>
  14. 14. Most Wise Saving <ul><li>Preparing for your ETERNAL Future is better than your financial future. </li></ul><ul><li>This is wisdom in its brightest and purest form. As the unjust steward protected himself from unemployment, Jesus exhorted His children to protect themselves from that great accounting to take place in the last day ( Luke 16:1-16 ). </li></ul><ul><li>Have you looked to the future and laid up a good foundation against the time to come ( I Tim 6:17-19 )? </li></ul><ul><li>The Lord Jesus Christ will come soon, and you will face an emergency like no other! Save up for it! </li></ul>6:17 Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but in the living God, who giveth us richly all things to enjoy; 6:18 That they do good, that they be rich in good works, ready to distribute, willing to communicate; 6:19 Laying up in store for themselves a good foundation against the time to come, that they may lay hold on eternal life.