Can the bible helps us to manage our finances?

Prov 22:7

6 Answers

Relevance
  • 4 weeks ago

    Yes indeed the Bible can help us handle our finances. The Bible mentions that all scriptures are inspired of God and beneficial for all things. (2 Timothy 3:16,17).  The Bible teaches us about keeping our lives simple, and about being materialistic which can cause us to have hardship when it comes to our finances. Romans 15:4; 1Timothy 6:10;   Hebrews 13:5; 

    Source(s): www.jw.org
    • Login to reply the answers
  • Sunnie
    Lv 4
    4 weeks ago

    A key to success: Work together against debt. Fight the debt, not each other. TRY THIS: Arrange a time to talk openly and calmly about your debt. Acknowledge any mistakes you may have made. Rather than dwelling on the past, though, try to agree on principles that will guide your future financial decisions.-Psalm 37:21; Luke 12:15. A key to success: Take control of your finances. (1) Determine your current budget. Keep a record of all money moving in or out of your household for two weeks-or a month, if that is more practical. Add to his record expense such as taxes, insurance, or clothing, which may occur much less frequently, and use monthly averages for them. (2) Increase your income. Caution: Take care not to allow work to encroach on activities that are more important, such as your spiritual routine. (3) Reduce your expense. Buy an item only if you need it, not just because it is on sale. (Proverbs 21:5) Here are some additional tips. (a) Housing: If possible, move into a residence with a smaller monthly payment. Reduce your utility costs by conserving electricity, water, and heat. (b) Food: Pack a lunch or snack instead of eating out regularly. Use grocery coupons and other special offers. (c) Transportation: Sell nonessential vehicles, and maintain what you have instead of quickly trading in for newer models. Use public transportation, or walk whenever you can. After you reduce your expenses, you are ready to make the best use of your remaining money. Analyze your debt and act. First, determine for each debt the interest rate, the fees, the impact of a late or missed payment, and the possibility that a payment is already overdue. Examine the wording of the loan or bill carefully, since creditors may be deceptive. For example, one short-term loan service in the United States stated that its interest rate was 24 percent, when, in fact, it was over 400 percent. Next, determine the order in which you will tackle your debts. One approach is to pay toward debt with the highest interest rate first. Another option is to pay off smaller balances first, since receiving fewer bills each month will likely boost your morale. If you have loans with a high interest rate, you might benefit by getting a new loan at a lower rate to pay off the existing ones. Finally, if you cannot meet your obligations, try to negotiate new payment plans with your creditors. You could ask for an extension or a lower interest rate. Some creditors may even be willing to reduce what you owe if you can pay the lower amount in full right now. Be honest and courteous in explaining your financial situation. (Colossians 4:6; Hebrews 13:18) Put any agreements in writing. Even if your first request is not successful. be willing to persist in asking for an adjustment if necessary.-Proverbs 6:1-5. Of course, you will need to be realistic as you manage your finances. Even the best plan can fail as a result of factors beyond your control, since money often "makes wings for itself like those of an eagle and flies away toward the heavens."- Proverbs 23:4, 5. TRY THIS: Once you have prepared an initial budget, discuss how everyone can reduce expenses or increase the family's income. Seeing one another's sacrifices can help to pull you together in the fight against debt.

    Source(s): jw.org
    • Login to reply the answers
  • 4 weeks ago

    Not at all kid.....................

    • Login to reply the answers
  • Anonymous
    4 weeks ago

    Sure by delegating 10% of your income to enrich your pastor. 

    • Login to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • 4 weeks ago

    "In the House of the wise are stores of choice food and oil, but a foolish man devours all he has" (Proverbs 21:20)!

    2 Beloved, I wish above all things that thou mayest prosper and be in health, even as thy soul prospereth" (III John 2)!

    • Login to reply the answers
  • Anonymous
    4 weeks ago

    Dont ask God!  He cant even manage his own finances!  He's always asking people for money.  Have you considered robbing a bank?!  

    • Madeline4 weeks agoReport

      God is not the one that's asking for the money, it's the underhanded preachers in the church asking for your money to help take care of their finances.

    • Login to reply the answers
Still have questions? Get your answers by asking now.