When we are thankful, it shows in how we treat others. When we express our gratitude in every circumstance, it reveals our reverence for God and our need for Him. His peace will guard your hearts and minds as you live in Christ Jesus.” Philippians 4:6-7 Then you will experience God’s peace, which exceeds anything we can understand. Tell God what you need and thank him for all he has done. “Don’t worry about anything instead, pray about everything. I eventually found a job and caught up on my bills. As a result, I couldn’t pay my bills, but I had shelter and food. And the answer is to give thanks.Ī few years ago, I was at one of the lowest points in my life-unemployed and broke. Yeah, I’ve asked myself the same question. What can you do when you struggle to pay off your debt or add to your emergency fund? When your budget is tight, there’s no room for much else. For instance, you can use it to pay down debt or treat yourself to something nice. Everything beyond that is the icing on the cake.Įarning extra money can be a blessing. So if we have enough food and clothing, let us be content…” 1 Timothy 6: 6-9Īs long as you have shelter, food, water, and clothing, you’ve met your basic needs. After all, we brought nothing with us when we came into the world, and we can’t take anything with us when we leave it. “Yet true godliness with contentment is itself great wealth. However, plans don’t always work out the way we intend. Naturally, we strive to live a joyful and abundant life. When you plan and save for a vacation or buying a new car, you’re much more likely to stay out of debt. This is when you plan for long-term goals. So, what do you do after you’ve reached these milestones? Once you’ve paid off your debts, continue funding your emergency fund. You should aim to save at least 3-6 months’ worth of living expenses. Stop there and work on paying off your debts. Start an emergency fund to help you pay for unexpected expenses.Ĭreate a plan to save $1000. However, when we save for emergencies, retirement, and expenses, we are getting ahead of the game. Since it is impossible to see the future, we can’t plan for every financial situation. Have you ever struggled to cover an unexpected expense, but a week prior you spent the same amount of money on something you didn’t need? “The wise have wealth and luxury, but fools spend whatever they get.” Proverbs 21:20 Save money each time you receive a paycheck. Start Savingĭon’t spend all your money once you get it. If you’re in debt, set up a financial plan to control your spending and pay off your debt. But, the good news is that God wants all his children to be free from mental, physical, and spiritual bondage. Similar to the children of Israel, debt keeps us in bondage. We suffer many sleepless nights wondering how we’ll ever pay off our debt. Sadly, we don’t realize it until we’ve hit rock bottom. When we are in debt, it means we’ve been buying things we couldn’t afford. “Just as the rich rule the poor, so the borrower is servant to the lender.” Proverbs 22:7 The desire to gain wealth can also lead to overspending and debt. Think about it? If you spend more time accumulating wealth and spend less time with God, who is the master? Is it not money? The love of money is idolatry and a sure-fire way to spiritual decay. However, God will punish you for loving money. God does not condemn the wealthy outright. Avoid DebtĬan we agree that the love of money is the root of all evil? I don’t understand why people omit the word, love. Look at it this way, if you’re not allocating your money, then you’re not paying off debt or saving toward your long-term goals. When you do not track your income and spending, it causes a slew of problems, from overspending and getting into debt. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it?” Luke 14:28Ī budget helps you live within your means and plan for future expenses. “But don’t begin until you count the cost. A budget tells your money what to do and helps secure you and your family’s future.
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