FINANCIAL FREEDOM

HOW TO MANAGE YOUR MONEY WISELY

KEYS FOR LIVING - FINANCIAL FREEDOM

HOW TO MANAGE YOUR MONEY WISELY

Do you struggle with managing money? Do you never seem to have enough to make ends meet? Maybe you secretly envy the financial wealth of others. Whether you have a great deal of money or very little, until you really believe that the money in your possession is not your money but God’s. money, your finances will always be a source of discontent. Our heavenly Father owns it all, yet we worry and fret over not having enough. We manipulate to get more… then agonize over losing what we have. Freedom from this preoccupation with money (financial bondage) involves more than having enough money to bask in the shade of a prosperous lifestyle. It’s more than learning to budget expenses, to save regularly, to invest wisely. True financial freedom is being content with what God gives you. And contentment is a matter of the heart!

“Keep your lives free from the love of money and be content with what you have.”

Hebrews 13:5

 

What Are Four Financial Myths?

“Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income.”

Ecclesiastes 5:10

#1. Finance

Finance is a system of money management that includes banking, circulation, credit, investments, economics, and accounting.

Myth:

“If you live a godly, Christian life, you will experience financial gain and prosperity.”

Truth:

According to God’s Word, godliness is not a means to financial gain. The Bible calls this “false doctrine” taught by false teachers.

If anyone teaches false doctrines.… He has an unhealthy interest in controversies and quarrels about words that result in envy … and constant friction between men of corrupt mind, who have been robbed of the truth and who think that godliness is a means to financial gain.”

1 Timothy 6:3–5

#2. Money

Money is any means of exchange, including coins and paper currency, circulating in the culture issued by a civil authority as a measure of value.

Myth:

“Money is the root of all evil.”

Truth:

No, money can be used for great good. According to the Bible, the “love of money” is a root of evil.

“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.”

1 Timothy 6:10

#3. Steward

A steward is a trustee, guardian, or overseer who manages the property or financial affairs of another person.  All money belongs to God, and we are only stewards of His resources.

“The earth is the Lord’s, and everything in it.”

Psalm 24:1

Myth:

“If I just have enough money, I will be satisfied.”

Truth:

Satisfaction with your financial situation does not come from the amount of money you have, but in wise management of what you have.

4. Debt 

Myth:

“You must borrow money from a bank and pay it back in order to prove financial responsibility and to establish good credit references.” 

Truth:

Borrowing and paying back money is not always necessary to get credit. Most lenders are more than anxious to extend credit to consumers in order to collect inflated interest rates over an extended period of time. (Proverbs 22:7) 

“Cast but a glance at riches, and they are gone, for they will surely sprout wings and fly off to the sky like an eagle.”

Proverbs 23:5

ADDITIONAL RESOURCES

 

READY TO LEARN MORE?

Do you or do you know someone who has additional questions or requires help?

If so, please choose Women of Faith's other resources on this and other relevant topics (Quick Reference Guide, Keys for Living Books and e-Books).

Grace Filled Words:

“Did you receive the Spirit by observing the law, or by believing what you heard? Are you so foolish? After beginning with the Spirit, are you now trying to attain your goal by human effort?”

Galatians 3:2-3

“Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much. So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches?”

Luke 16:10–11

Additional Scriptures: 

Galatians 3:11

Proverbs 16:2

Romans 10:3-4

Matthew 6:25–34

NOTICE: The information contained in this resource is general in nature and is not intended to provide or be a substitute for advice, consultation or treatment with a duly licensed mental health practitioner or other medical professional. This resource is intended to provide practical faith-based guidelines for balanced living and is not a replacement for medical advice. Professional services should be pursued whenever necessary and/or appropriate. By utilizing this resource, individuals acknowledge that Women of Faith is not providing direct clinically-oriented mental health treatment or therapy, and that it does not create a therapeutic relationship between any individual and Women of Faith.  Individuals who use this resource also agree to indemnify and hold harmless, Women of Faith, its licensees, affiliates, and assigns, as well as the officers, agents, and employees of Women of Faith and its licensees, affiliates, and assigns, from and against any and all liability, loss, damages, costs, charges, legal fees, recoveries, judgments, penalties, and expenses, which may be obtained against, imposed upon or suffered by Women of Faith.Additionally, certain views and opinions expressed in this resource may be those from sources other than Women of Faithand do not necessarily represent the views of Women of Faith, nor imply an endorsement by Women of Faith. All rights are reserved worldwide and no part of this resource may be reproduced in any form (print or electronic) without the expressed written permission of Women of Faith.
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