Proverbs for Wednesday: Financial Wisdom Pt. 1

(Written by Ray Smith)

We’ve had a lot of financial news in the past week. Announcements about Job Keeper, Job Seeker and government loans and grants for businesses. Pensioners have received their second amounts of $750. The corona virus has not only been a health crisis, but also a financial crisis with many requiring government support. Even when the virus is under control, we will still be in recession and in financial crisis for a long time to come. (I’m sure I’m not telling you anything you don’t know!!)

How though does this affect you personally?

How does this affect your children and extended family?

How are you managing your finances?

What wisdom does Proverbs about financial and resource management?
Let’s look at two very practical principles of home economics.

# The wages of the righteous bring them life, but the income of the wicked brings them punishment. (Proverbs 10:16)

Very simply, this proverb tells us there are two different ways in which money can be used. It can be devoted to righteous living or unrighteous activities. Righteous use means determining what God would have us do with our money. Our priority is the Kingdom of God. This includes providing for our own needs, our families, and our dependants. Giving to the needs of the poor, our church and Christian ministries.

According to this Proverb, if we commit to use our money according to Biblical principles, the outcome for us will be life.

A further priority of financial management is knowing how to manage our resources so there is ongoing provision throughout our life. Therefore we aim to preserve a portion of what we have.

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

 God’s wisdom is not to use up all our resources, but to store up for future times of need. Storing up is not

a lack of faith in God’s future provision but His way of preparing us for whatever may come. It is foolish to use up all we have. Managing our resources and finances is one of the most practical things we do and according to the Bible it is one of the most spiritual. We have wisdom to share, including financial wisdom.

 

PRAYER: Father’ we declare that the earth is yours, and the fulness thereof.

We thank you that we live in a nation where our government provides support for us.

Ultimately, you are our provider, and have promised to supply all our need according to your riches in glory. Show us the priorities for our spending, and the people around                                                              us who we can share with.

Help us to discern the difference between our necessities and our wants.

In Jesus Name, AMEN

 

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