Money Matters

Major Money Mistakes


God Owns and We Manage
Discipleship determines the role of money
Our hope is in Jesus

Someone in the crowd said to him, “Teacher, tell my brother to divide the inheritance with me.” Jesus replied, “Man, who appointed me a judge or an arbiter between you?” Then he said to them, “Watch out! Be on your guard against all kinds of greed; a man’s life does not consist in the abundance of his possessions.” And he told them this parable: “The ground of a certain rich man produced a good crop. He thought to himself, ‘What shall I do? I have no place to store my crops.’ “Then he said, ‘This is what I’ll do. I will tear down my barns and build bigger ones, and there I will store all my grain and my goods. And I’ll say to myself, “You have plenty of good things laid up for many years. Take life easy; eat, drink and be merry.” ‘ “But God said to him, ‘You fool! This very night your life will be demanded from you. Then who will get what you have prepared for yourself ?’ “This is how it will be with anyone who stores up things for himself but is not rich toward God.”

– Luke 12:13-21

Focus on oneself develops greed
Selfishness removes a spirit of gratitude
Selfishness leads to destruction

Honor God with the management of money
Develop a spending plan
Get basic facts
1. What do I earn?
2. What do I owe?
3. What do I own?

Spend less than you earn
“The wise man saves for the future but the foolish man spends whatever he gets.”

– Proverbs 21:20.

We need to live with financial preparations
Here are some examples of financial planning:
* Saving Plans
* Retirement
* Emergency Plans
* Budgets

The Bible makes it clear that we should plan carefully in every aspect of life and that includes money management.

Make it a point to avoid debt
Be content with what you have

Keep your lives free from the love of money and be content with what you have, because God has said, “Never will I leave you; never will I forsake you.”

– Hebrews 13:5

Stop adding new debt
The rich rule over the poor, and the borrower is servant to the lender. Proverbs 22:7

Three major sources of debt in the United States:
1. Credit Cards
2. Student Loans
3. Home Loans

Debt is created when we do not wait to buy what we can afford. The average American family has $10,000 in credit card debt.

Simple ways to decrease debt levels
* Get assistance: financial counselors
* Show some discipline: eliminate wasteful spending
* Know how much you owe

Look at all sources of debt and begin building a repayment plan
– Credit Cards
– Look at the interest rates and the payment amounts: pay more than the minimum
– Aggressively attack your debt