Christian Financial Advice and Money Management Tips

Author: Robert M. Smith

With a complicated and confusing economy, many people are looking for Christian financial advice that will help bring security in these insecure times. Whether you are just beginning your journey, wanting to rebuild after a crisis, or simply seeking advice for achieving a stronger financial future, there are basic principles that will always apply and, if followed, will bring success. Too often we want quick remedies when lasting prosperity comes from a strong and properly built foundation. True financial freedom is reached one step at a time and involves hard work, careful planning, and personal discipline.

"Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty." Proverbs 15:22

By following simple advice and smart money management tips, financial freedom is still possible, even in the most difficult and uncertain economies.

1.Build on Biblical Principles.

"My God shall supply all your needs according to his glorious riches in Christ Jesus." Philipians 4:19

It is easy to place confidence in our own wisdom and success during times of prosperity, but when we face a crisis or encounter a threat to our future security, we begin to realize the true weakness of our financial foundation.

It often seems as if we live in a world where financial success is simply an illusion – the proverbial house on the sand that creates temporary feelings of grandeur but is unable to withstand the storms of life, so it is washed away with the tides of economic change. We believe we have done all the right things so we are devastated when we find ourselves sitting amidst the rubble of poorly devised financial plans.

The only way to true financial security is to build on Biblical Principles. We need to "cease from our own wisdom" (Proverbs 23:4) and rely on the wisdom of the One who promises to guide our steps and supply our needs.

Changing the way you view your finances by committing to follow Biblical instruction is the first step in achieving the financial success you have always dreamed about.

2.Be a Wise Steward.

"Moreover, it is required of stewards that they be found trustworthy." 1 Corinthians 4:2

The road to financial ruin is usually paved with bad decisions, unwise spending habits, and poor budgeting. To enjoy financial success you must take care of your money and develop a plan that will allow you to track your expenditures and achieve your goals. To be a wise steward you must:

a. Develop a Budget – A detailed budget is crucial in helping to maintain a clear picture of your financial situation.  Knowing where your money is going will help reduce irresponsible spending, prevent unnecessary debt, and allow you to stay in control of your finances.

b. Eliminate Debt – Debt is never a good thing, and too much debt will create stress that can affect every area of your life. Proverbs 22:7 tells us that the "borrower is servant to the lender" and true financial freedom comes when you take the steps necessary to simplify your budget and eliminate debt. And, a lack of debt will inevitably result in more available funds for wise investments, putting your money to work for your future. If your budget has become completely overwhelming, you may find it helpful to consider one of the many available debt relief options.

c. Develop Wise Spending Habits – Good habits usually bring good results and wise spending is a key to smart money management. Excessive credit card use, committing to deferred payment plans, leasing a vehicle, or borrowing against your home may sound like appealing ways to make desired purchases, but high interest rates and depreciating values could leave you with a mountain of debt and a heavy financial burden. Carefully considering purchases and avoiding impulse buying will help you avoid difficult situations.

d. Prepare For the Unexpected – Unexpected expenditures can shatter your neat and tidy budget and cause significant stress. If you are able to set aside a little money each month in an emergency fund, you will be better equipped and prepared to deal with problems when they arise.

3.Seek Wise Counsel.

"Plans fail for lack of counsel, but with many advisers they succeed." Proverbs 15:22

Developing or writing a financial plan is an important aspect of future financial security. Consulting an expert in financial planning will help you set goals, maintain focus, and make wise decisions. Choosing the right investments can be confusing, and a golden opportunity can quickly become a devastating mistake so, too often, we avoid it altogether.  Seeking the advice of financial planners who understand Biblical principles will allow you to make smart investment choices that align with your goals and provide future security.

Biblically based Christian financial advice will help you get your finances in order so you can enjoy true financial freedom.

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About the Author

Robert M. Smith is a certified financial planner and created to provide innovative financial solutions for seniors, as well as basic Christian financial advice for all demographics.

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