5 Money Mistakes You Should Avoid According to the Bible

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Some people believe that becoming a Christian should provide them with financial security, but this is not the case. Going to church every Sunday or just reading bible verses on money isn’t a definite method to make a million dollars. Financial independence, like anything worthwhile, demands effort. Knowing where the hazards are and effectively avoiding them makes long-term financial success simpler. Here are a handful of the most severe mistakes you need to avoid as a Christian.

Bible

Keeping Your Financial and Spiritual Lives Separate

You can’t separate your financial life from your spiritual life, as Jesus made clear. Jesus frequently utilized money as a barometer to determine who was indeed “on board with the cause.” The Bible has almost 2,000 verses that deal with money and possessions.

Money management is a spiritual issue that is equally as vital as praying, attending church, and singing praises. It has an impact on the level of spirituality in your life. God examines our financial management to determine if we are good stewards of His resources, which makes sense given that everything comes from Him.

Following Get-Rich-Quick Schemes

Are you looking for a quick-money scheme? Go to the nearest church, and you’ll find a peddler eager to sell you one. Because many Christians are “searching for a miracle”—the next financial breakthrough—these money-grabbers gravitate toward churches. They will jump at the first opportunity that offers fast money! The next time someone tells you, “You can’t lose any money,” be on the lookout for a scam and remember that if something seems too good to be true, it often is.

Not Planning and Saving Money for Retirement

“God helps those who help themselves.” This is one of the most relevant bible verses on money. If you aren’t taking care of yourself, don’t sit about waiting for God to take care of you. Even ants stockpile food in the summer to prepare for the coming cold (Proverbs 30:25).

Don’t gamble with your retirement and call it “faith.” You, like the ant, must plan for your future and then leave the rest to God. Make sure that you are a participant in your company’s 401(k) plan. Put money into a Roth IRA. You’ll be retired sooner than you think.

Keep Getting More Debts

Credit cards are today’s new slave masters! “The borrower becomes the lender’s slave,” the Bible reminds us (Proverbs 22:7). It’s pretty simple to get sucked into this. One small purchase becomes five, and before you know it, your credit cards are maxed out, and you’re enslaved!

If you’re currently in debt, make the following plans to get out of it as soon as possible:

  • Consider canceling your credit cards.
  • Pay off your credit card debt.
  • Create a budget.
  • Find a strategy to supplement your income.
  • Utilize the extra money to pay off debt instead of shopping.

Spending More Than You Earning

“Your upkeep will be your demise if your expenses exceed your income.” Many individuals live beyond their means, expecting God to come to their rescue. When their payments aren’t paid, they accuse the devil of attacking them.

The proper financial habits that are aligned with your belief will take you a long way. Remember to make financial decisions that do not hurt your beliefs.

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