Saving money and delaying gratification can be hard. It is especially hard if you weren’t taught saving as a child. I was not taught how to save as a child. Once I got my first job at sixteen, I spent everything I made. Whether it was hanging out with friends having lunch out or buying the cutest earrings at Claire’s my hard-earned McDonald’s earnings drifted away rather fast.
Now as an adult I am learning the benefits of saving. Better late than never! The Bible has so many instructions about life and money is included! The Bible has a lot to say about saving your money.
What does the Bible say about Saving Money?
These Bible verses about saving money remind me that only God knows what lies ahead. While I have treasures in heaven, I am instructed to save here on Earth.
Saving Money will Lead to Profits
Proverbs 21:5. The plans of the diligent lead to profit as surely as haste leads to poverty.
Practical Application: Have part of your paycheck automatically get deposited into a savings account. Shortly after getting married my husband went to the back and started a retirement account and has always had part of his check deposited into that account.
Having a Food Stockpile is Wise.
Proverbs 21:20, The wise store up choice food and olive oil, but fools gulp theirs down.
Practical Application: When something is on sale, pick up a couple more than you need. Using coupons can help you save even more money and help you stockpile. You don’t need to have outrageous stockpile like those on the extreme couponing shows but a few extra of items you buy all the time doesn’t hurt.
Saving for When Money might be Tight is Smart.
Proverbs 30: 24-25, Four things on earth are small, yet they are extremely wise: Ants are creatures of little strength, yet they store up their food in the summer;
Practical Application: Have a rainy day account for medical, auto, or unforeseen circumstances.
Aside from tithing, we must also put part of our paycheck into savings.
1 Corinthians 16:2, On the first day of every week, each one of you should set aside a sum of money in keeping with your income, saving it up, so that when I come no collections will have to be made.
Practical Application: Living below our means is a good option. Look for ways to save money even if you “make enough” to satisfy your current lifestyle.
Saving Helps us Plan for Unexpected Emergencies.
Ecclesiastes 11:2, Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.
Practical Application: Have a few different savings accounts. Open up CD’s, contribute more to your work’s retirement plan.
I know it is hard to save money, but I also know God is there is help me through it. I can do all things through him, even say no to that super sale item!
Do you have a basic emergency fund of $1,000 and another fund that equals 3 months of your household income? That is what is recommended by Dave Ramsey.
Here are some great Dave Ramsey resources: