New Years Resolutions- Money Management

For a few posts, we have been talking about New Years Resolutions. I know that we are close to entering the third month of this year, but I also realize that sometimes New Years Resolutions are forgotten, and that we need reminders. So for one more time, let us look at a resolution that may be needful for you, which is the issue of money management.

Statistics say that one of the most given reasons for divorce is money. Rarely do two people agree on how to spend money, and these difference are sometimes highlighted in a marriage. Did you know that the Bible talks about money in numerous passages? Jesus Himself talked about money quite a bit as well. However, when He talked about money, He didn’t talk about it going into the offering plate, but how we should prioritize our money. He said in Luke 16:13: “No servant 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. Ye cannot serve God and mammon.” The word “mammon” that is used is the word for “money.” You can either focus your life on money or on God, not both.

The first question when considering money management is this: Is money a master, or a slave? Do you use it as a tool to do right, or do you pursue it as an end, at all costs? Pursuing money is a fruitless task. Proverbs 23:5 says “Wilt thou set thine eyes upon that which is not? for riches certainly make themselves wings; they fly away as an eagle toward heaven.” Make money a servant, and your perspective will change.

Another principle of money management is to try to get out of debt. Proverbs 6:1-3 says “My son, if thou be surety for thy friend, if thou hast stricken thy hand with a stranger, thou art snared with the words of thy mouth, thou art taken with the words of thy mouth.  Do this now, my son, and deliver thyself, when thou art come into the hand of thy friend; go, humble thyself, and make sure thy friend.” The principle here is to get out of debt as soon as possible! Too many people live in debt as though they will never be required to pay it off.

The third principle is to give your money to the work of the Lord. In 2 Corinthians 9:6  says “He which soweth sparingly shall reap also sparingly; and he which soweth bountifully shall reap also bountifully.” God does not need your money, but He has promised that if you will give, He will make sure your needs are met. If you are greedy with your finances, there is no promise of blessing for you.

Make 2012 a year where you live by God’s principles of finances. Don’t let the love of money dominate your life. 1 Timothy 6:10 says “For the love of money is the root of all evil.” Let this New Years Resolution change not only your checkbook, but your life as well.