Todays Topic:Biblical Budgeting
A budget is nothing more than a plan for saving and spending money. It includes where the money will come from and how much to expect, as well as what expenses that same money will be used to meet. A good budget takes care of all the regular and important bills—like rent or mortgage, utilities, food, gasoline and insurance—and allows for the unexpected or occasional expenses
7 Principle’s to help your Biblical Budgeting
1. God is our source
Philippians 4:19 says, “My God shall supply all your need according to his riches in glory by Christ Jesus.” Proverbs 8:20,21 adds, “I lead in the way of righteousness, in the midst of the paths of judgment: that I may cause those that love me to inherit substance; and I will fill their treasures.”
The earth is the LORD’s, and everything in it, the world, and all who live in it;
But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you.
2. Plan and keep records
Prov. 23:23). “Through wisdom is an house builded; and by understanding it is established: and by knowledge shall the chambers be filled with all precious and pleasant riches” (24:3,4).
Pro 24:27 Prepare thy work without, and make it fit for thyself in the field; and afterwards build thine house.
Pro 27:23 Be thou diligent to know the state of thy flocks, and look well to thy herds.
And the Lord said, “Who then is the faithful and wise manager, whom his master will set over his household, to give them their portion of food at the proper time?
3. Prioritize your needs
Jer 17:11 As the partridge sitteth on eggs, and hatcheth them not; so he that getteth riches, and not by right, shall leave them in the midst of his days, and at his end shall be a fool.
Jer 22:13 Woe unto him that buildeth his house by unrighteousness, and his chambers by wrong; that useth his neighbour’s service without wages, and giveth him not for his work;
4. Stay out of debt
Psalm 37:21 says “the wicked borroweth, and payeth not again.” The minute a person goes into debt, he loses a portion of his freedom. As Proverbs 22:7 says, “The rich ruleth over the poor, and the borrower is servant to the lender.”
(Prov. 14:23). “He that tilleth his land shall have plenty of bread: but he that followeth after vain persons shall have poverty enough”
5. Know how to be content
Hebrews 13:5 puts it succinctly: “Let your conversation be without covetousness; and be content with such things as ye have: for he hath said, I will never leave thee, nor forsake thee.”
Pro 21:6 The getting of treasures by a lying tongue is a vanity tossed to and fro of them that seek death
Pro 16:8 Better is a little with righteousness than great revenues without right.
Pro 21:7 The robbery of the wicked shall destroy them; because they refuse to do judgment.
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
6. Be diligent
1 Corinthians 4:2 ESV
Moreover, it is required of stewards that they be found trustworthy.
Proverbs 6:6-8 ESV
Go to the ant, O sluggard; consider her ways, and be wise. Without having any chief, officer, or ruler, she prepares her bread in summer and gathers her food in harvest.
Luke 16:11 ESV
If then you have not been faithful in the unrighteous wealth, who will entrust to you the true riches?
Ephesians 5:16 ESV
Making the best use of the time, because the days are evil.
Col 3:22 Work willingly at whatever you do, as though you were working for the Lord rather than for people
7. Seek Counsel/Accountability
(Poverbs 15:22).”Without counsel purposes are disappointed: but in the multitude of counsellors they are established”
Pro 16:2 All the ways of a man are clean in his own eyes; but the LORD weigheth the spirits.
Pro 27:24 For riches are not for ever: and doth the crown endure to every generation?
Pro 21:8 The way of man is froward and strange: but as for the pure, his work is right.
Jer 17:10 I the LORD search the heart, I try the reins, even to give every man according to his ways, and according to the fruit of his doings.
Accountability-holding each other accountable to our financial goals
Ecclesiastes 4:9-12 ESV
Two are better than one, because they have a good reward for their toil. For if they fall, one will lift up his fellow. But woe to him who is alone when he falls and has not another to lift him up! Again, if two lie together, they keep warm, but how can one keep warm alone? And though a man might prevail against one who is alone, two will withstand him—a threefold cord is not quickly broken.
Galatians 6:2 ESV
Bear one another’s burdens, and so fulfill the law of Christ.
1 Thessalonians 5:11 ESV
Therefore encourage one another and build one another up, just as you are doing.
Genesis 4:9 ESV
Then the Lord said to Cain, “Where is Abel your brother?” He said, “I do not know; am I my brother’s keeper?
As one learns to follow these eternal principles in his personal finances, he will know the joy that comes from trusting and obeying God.