Manage Your Money the Biblical Way – Part 2

by financialmom

in Debt, Financial Plan, Giving, Money

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If we want to  manage our money the biblical way,  we need to give some serious thought as to how we will put our faith in action with our money.   How can we be a Christian witness with our money? These principles are laid out in the book Faith-Based Family Finances, an excellent personal finance book by Ron Blue (President of Kingdom Advisors) and Jeremy White.


The Bible is very clear we are to be proportionate givers, and we are to give a portion of everything we receive back to God first. Proverbs 3:9-10 states we are to “Honor the Lord with your wealth, with the firstfruits of all your crops; then your barns will be filled to overflowing, and your vats will brim over with new wine.”

If we really understand that everything we have been given is from God, and He owns it all, it becomes much easier for us to keep our hands open, ready to give as well as receive.

The standard for giving was set first in the Old Testament of the Bible with God’s requirement of the Israelites to tithe (give back to God the first ten percent of everything they were given). The tithe was the first requirement, with their offerings being in addition to that.  In the New Testament, the bar is raised even more, with Jesus commending the widow at the temple for giving everything she had.

If you want to put your faith in action with your money, start by being a generous giver.   I challenge you to write your first check after you are paid to your tithe. The blessings you will receive in return will amaze you.  We don’t give to receive, and the blessing we receive in return may not be monetary.  The blessings will, however, be life-changing.


The Bible is also very clear we are to avoid debt.  It’s hard to be a generous giver when we are too busy paying for all of our debt. Proverbs 22:7 affirms “the borrower is servant to the lender.” We can put our faith into action with our money by being a discplined spender – by having a spending plan, and sticking to it.

Staying away from debt has some big benefits.  You don’t have to worry about where the money is coming from to pay it off. You will not have to live in fear of losing your job in a poor economy because of all your debt.  You also will be able to take advantage of opportunities to give generously when you have little debt.  What would you rather have – worry about debt, or the joy of giving?


The Bible states we are to pay our taxes with integrity. Romans 13:7 requires “If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor.” How do we pay our taxes with integrity? We do it by paying what is due, and by not trying to cheat the government out of taxes we legitimately owe.

Now I am not saying we shouldn’t take advantage of every tax deduction we qualify for. What I am saying is we should pay what we owe, so we can sleep at night with a clear conscience in regard to our taxes.

Financial Goals

We need written financial goals, and we need to set them as a family, with everyone in agreement. The Bible  asserts in Proverbs 19:20 “The plans of the diligent lead to profit as surely as haste leads to poverty.” What I mean by this is financial goals should be shared, discussed, and agreed upon with your spouse.

The number one cause of marriages failing is problems with money.  Make sure you and your spouse are on the same page when it comes to your spending plan, and all of your financial goals. Put the whole plan in writing, and review your financial plan on a monthly basis with a family meeting.   You may need to review it more frequently if you are having issues with your finances.


Who are we accountable to with our finances? We are first accountable to God for everything we do with our money, since it’s all His, and we will be required to answer for everything we have done with everything we’ve been given.

After God, we need to be accountable to our spouse and our family.  There is no point to having a financial plan if no one is going to follow it. If we have agreed upon a plan, we need to be accountable to each other to do what it says, or to make changes if something needs to be revised.  This is the hardest thing to do for many couples, as our nature is to want it his way or her way, rather than our way.

Sometimes couples need to be accountable to someone outside their family to make it work. Then find someone you can trust, a financial advisor or personal finance counselor, who can help keep you on track.  It will be well worth all the effort.

Being a good steward of what God gives us can be one of the biggest blessings we will receive on this earth.

New Profile Pic 2599R Manage Your Money the Biblical Way   Part 2Pamela Otten is CEO of Pamela Otten LLC, a Registered Investment Advisor. She loves to work with women business owners and entrepreneurs, and women in transition due to job change, death, or divorce. Pamela will help you set and reach your financial goals, educate you to understand your investments, and teach you how to do more charitable giving. Pamela is a Qualified Kingdom Advisor (, trained and committed to integrating biblical principles with her investment advice.

cc smallest Manage Your Money the Biblical Way   Part 2Photo Credit – Pirate_J

Financial Planning, Investment Advice, and Investment Management provided through Pamela Otten LLC, Registered Investment Advisor.

The opinions voiced in this material are for general information only, and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, please consult your financial advisor prior to investing.

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