6 Ways to Save Money by Reading the Bible

There are countless ways to save money everyday. However, if you’re currently experiencing debt issues, simply knowing where to start can be a great challenge. Trying to do too much in the beginning can cause you undue stress, while remaining stagnant in your efforts does nothing to help your cause.

When I was trying to weave my way out of my personal debts issues, I turned to the Bible for help. It may surprise you to know that the Bible offers up some good, common sense advice on a variety of topics regarding finance.

1. Debt
Here you can see the importance of repaying your debts – as well as the prudence of not borrowing in the first place.

• Psalms 37:21. The wicked borrows and does not pay back, but the righteous is gracious and gives.
• Proverbs 22:7. The rich rules over the poor, and the borrower becomes the lender’s slave.

2. Investing
These two verses suggest the importance of doing research and having patience when it comes to investing your money, and the necessity of establishing an emergency fund.

• Proverbs 19:2. Also it is not good for a person to be without knowledge, and he who hurries his footsteps errs.
• Ecclesiastes 11:2. Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on this earth.

3. Planning
If you don’t see the need to plan for your future, you need look no further than these scriptures.

• Proverbs 13:16. A wise man thinks ahead; a fool doesn’t, and even brags about it.
• Proverbs 21:5. The plans of the diligent lead surely to advantage, but everyone who is hasty comes surely to poverty.

4. Saving
Saving money is not a matter of following a set of instructions – it is a mindset and a way of life. Focus on this concept into your daily life and you’ll be surprised at how many ways you can find to save a few dollars. And remember, if you find a way to save $10 a week, that translates to more than $500 on an annual basis.

• 1 Corinthians 16:2. On the first day of the week each one of you is to put aside and save, as he may prosper, so that no collections be made when I come.
• Proverbs 13:11. Dishonest money dwindles away, but he who gathers money little by little makes it grow.

5. Spending
If you’re wondering where to start when it comes to getting out of debt, ask yourself one simple question whenever you reach for your wallet: Do I really need this? These passages back up this strategy.

• Proverbs 12:11. He who tills his land will have plenty of bread, but he who pursues worthless things lacks sense.
• Proverbs 28:1. He who tills his land will have plenty of food, but he who follows empty pursuits will have poverty in plenty.

6. Donating
You’ll feel good when you donate your unused or unwanted items to a worthy cause, and you can also write off your donations at tax time.

• Mark 10:2. Looking at him, Jesus felt a love for him and said to him “One thing you lack: go and sell all you possessions and give to the poor, and you will have treasure in heaven; and come, follow Me.”
• James 2:15-16. Suppose a brother or a sister is without clothes and daily food. If one of you says to them, “Go in peace; keep warm and well fed,” but does nothing about their physical needs, what good is it?

Final Thoughts

For many of us, finances are cause for a great deal of stress. It is important to work hard to get rid of debt so you can more effectively plan for the future; however, if you let your finances eat you up inside, you’re not doing yourself any good. Worrying about them all the time is not going to reduce them or make them go away. As Matthew 6:34 states,  “So do not worry about tomorrow, for tomorrow will care for itself. Each day has enough trouble of its own.”

What other Bible verses can you think of that teach about saving money?