Biblical Financial Management


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Biblical Financial Management

  1. 1. BIBLICALHELPS ONFINANCIALFREEDOM As Preached By Pastor Ron Millevo special thanks to
  2. 2. SCRIPTURE READINGI TIMOTHY 6:6-12 6 But godliness with contentment is great gain. 7 For we brought nothing into this world, and it is certain we can carry nothing out. 8 And having food and raiment let us be therewith content. 9 But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. 10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. 11 But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness. 12 Fight the good fight of faith, lay hold on eternal life, whereunto thou art also called, and hast professed a good profession before many witnesses.
  3. 3. 7 FACTS ABOUT FINANCES 1. God owns everything 2. All things come from God 3. We, and all that we have belong to God 4. Debt is hard for you 5. Being too ambitious to be rich is vanity 6. Life is Not Measured by Money 8. Be faithful with both little and big
  4. 4. 1. GOD OWNS EVERYTHING Psalm 24:1 -"The earth is the Lords, and all its fulness, the world and those who dwell therein." Psalm 50:10,12 -"For every beast of the forest is Mine, and the cattle on a thousand hills... For the world is Mine, and all its fulness." Haggai 2:8 -“The silver is Mine, and the gold is Mine, says the Lord of hosts."
  5. 5. 2. ALL THINGS COME FROM GODDeuteronomy 8:18 -"Youshall remember the Lordyour God, for it is Hewho gives you power toget wealth...”
  6. 6. 3. WE, AND ALL THAT WEHAVE BELONG TO GOD Psalm 100:3 -"It is He who has made us, and not we ourselves; we are His people, and the sheep of His pasture.“1 Corinthians 6:19-20 -"What? do you not know are not your own? For you were bought at a price; therefore glorify God in your body and in your spirit, which are Gods."
  7. 7. 4. DEBT IS HARD FOR YOUGod does not want His peopleto be in debt. The Bible says,"Owe no man anything, but tolove one another...." (Romans13:8)Any time we go into debt, welose some of our freedom. TheBible says, "The borrower isservant to the lender."(Proverbs 22:7)
  8. 8. 5. BEING TOO AMBITIOUS TO BE RICH IS VANITY  "The love of money is the root of all evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows." 1 Timothy 6:10 (NKJ)  "Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal; But lay up for yourselves treasures in heaven...For where your treasure is, there your heart will be also." Matthew 6:19 & 21 (NKJ)
  9. 9. 6. LIFE IS NOT MEASURED BY MONEY Jesussaid, "...a mans life does not consist in the abundance of the things which he possesses." Luke 12:15 Making money is not the purpose of life. The world measures success by how much money or possessions a man has, but this is not the true measure of success. It is his character.
  10. 10. 7. DO NOT MAKE MONEY YOUR “GOD” "Butthose who desire to be rich fall into temptation and a snare, and into many foolish and harmful lusts which drown men in destruction and perdition." 1 Timothy 6:9 (NKJ) "Noservant can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. You cannot serve God and mammon (money)." Luke 16:13
  11. 11. 8. BE FAITHFUL WITH BOTH LITTLE AND BIGIfwe are wise in handling small amounts of money, God will entrust us with more.(See Matthew 25:14-30 – “The Parable of the Talents”)
  12. 12. 8 PRACTICAL WAYS OF HANDLING MONEY WISELY 1.Have a budget 2. Set aside money for emergencies 3.Avoid over-extended credit buying 4. Distinguish between “needs” and "wants.“ 5. Do not make a purchase under the pressure of sales talk 6.Pay bills on time 7. Live on what God provides 8. Special warning: Do not co-sign notes
  13. 13. 8 PRACTICAL WAYS OF HANDLINGMONEY WISELY1.Have a budget Getting free financially requires right attitudes and right actions Many people are careless with their money. They spend it all and say, “My, my, where did it all go?" The way to avoid this is to have a budget and keep a record of all expenses.
  14. 14. 8 PRACTICAL WAYS OF HANDLINGMONEY WISELY2. Set aside money for emergencies In every family there are always those times when things go wrong and emergencies occur. Perhaps it is an unexpected car expense or medical bill. By regularly putting something aside for emergencies, these unexpected bills can be met without wrecking your budget or borrowing money from others.
  15. 15. 8 PRACTICAL WAYS OF HANDLINGMONEY WISELY3.Avoid over- extended credit buying We must not abuse the "Buy now-pay later" philosophy of the world. When credit is too easily obtained, it is easy to incur so many debts that payments will be very hard to make.
  16. 16. 8 PRACTICAL WAYS OF HANDLINGMONEY WISELY4. Distinguish between “needs” and "wants." God has promised to meet all our needs, but He has not promised to meet all our "wants." We must distinguish between the two. We should buy things for their usefulness, not for their "status," or just because we want them.
  17. 17. 8 PRACTICAL WAYS OF HANDLINGMONEY WISELY5. Do not make a purchase under the pressure of sales talk When the salesman has finished his talk, just say, "Thank you. I will let you know my decision within a day or so.” Often people see something they want and buy it before considering whether or not they can afford it. Allow time to think about the matter and to make a decision away from the pressure of the sales talk.
  18. 18. 8 PRACTICAL WAYS OF HANDLINGMONEY WISELY6.Pay bills on time Prompt payment of bills is honorable. It gives you a good name and a good credit standing. It is also a good witness to unsaved people. A Christian should handle his finances in a way that is honorable to the Lord Jesus. To have past-due bills and unpaid debts is a poor testimony and dishonoring to the Lord.
  19. 19. 8 PRACTICAL WAYS OF HANDLINGMONEY WISELY7. Live on what God provides I TIMOTHY 6:6- “ But godliness with contentment is great gain.” Philippians 4:11-12 -"...I have learned, in whatever state I am, to be content. I know both how to be abased (to live on almost nothing), and I know how to abound (to live when I have much)...."
  20. 20. 8 PRACTICAL WAYS OF HANDLINGMONEY WISELY8. SPECIAL WARNING: Do not co-sign notes "Dont agree to guarantee another persons debt or put up security for someone else." Proverbs 22:26 (NLT) Many people have learned through sad experience that when they tried to help a friend by co-signing his note, they ended up losing both their money and their friend. When we co-sign a note with someone, it means that we are assuming responsibility for the payment of that debt. If for some reason the other person does not pay the debt, then we must pay it.
  21. 21. 5 STEPS THAT WILL HELP YOU GAINFINANCIAL FREEDOM FROM DEBTS1. List your unpaid bills and debts2. Analyze your current budget3. Present your honest payment plan4. Stick with your plan5. Be Faithful in Tithing & Offerings
  22. 22. 5 STEPS THAT WILL HELP YOU GAINFINANCIAL FREEDOM FROM DEBTS1. List your unpaid bills and debts. For each debt, list the company, bank, or person you owe, along with the address, the name of the person you should contact about the debt, and the amount due. Be sure to list every debt.
  23. 23. 5 STEPS THAT WILL HELP YOU GAINFINANCIAL FREEDOM FROM DEBTS2. Analyze your current budget List all necessary expenses in order of importance. List only those things which are actual needs. Do not list things which you can do without. Determine the amount you have left over after necessary expenses. This should be applied to your debts on a regular basis. Keep in mind this fact: You may have money on hand, but if you owe someone else, the amount that you owe is not rightfully yours. It belongs to the person you owe.
  24. 24. 5 STEPS THAT WILL HELP YOU GAINFINANCIAL FREEDOM FROM DEBTS3. Present your honest payment plan It is important that you keep your word and do what you promise to do. If for any reason you are unable to make a payment on time, be sure to notify the creditor involved. Talk personally with each creditor. Explain your situation and show him your plan. Ask for his agreement with your plan for paying the debt you owe him.
  25. 25. 5 STEPS THAT WILL HELP YOU GAINFINANCIAL FREEDOM FROM DEBTS4. Stick with your plan Settle one thing in your mind: Never run away from your debts. It is not a disgrace to owe a debt, but it is a disgrace to evade an honest obligation. A Christian can never justify his failure to honestly face up to his obligations. Running away from your debts is not only dishonest, but it will also cause you to lose your self-respect and the respect of others as well. As you follow your plan, you will begin to pay off your debts. Every time a debt is paid in full, mark that debt off your list. There is a tremendous value to you in paying off your debts. You are obeying God, and God will bless you for it.
  26. 26. 5. BE FAITHFUL IN TITHING & OFFERINGSMALACHI 3:8-11 8 Will a man rob God? Yet ye have robbed me. But ye say, Wherein have we robbed thee? In tithes and offerings.9 Ye are cursed with a curse: for ye have robbed me, even this whole nation. 10 Bring ye all the tithes into the storehouse, that there may be meat in mine house, and prove me now herewith, saith the LORD of hosts, if I will not open you the windows of heaven, and pour you out a blessing, that there shall not be room enough to receive it. 11 And I will rebuke the devourer for your sakes, and he shall not destroy the fruits of your ground; neither shall your vine cast her fruit before the time in the field, saith the LORD of hosts.
  27. 27. FINAL ADMONITIONJesus Himself gave us the way to true success. It is so simple that we can easily overlook it. Here is what the Lord Jesus said----- Matthew 6:33 - "Seek first the kingdom of God and His righteousness, and all these things shall be added to you.