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?
- Saving money will lead to profits. Proverbs 21:5, The plans of the diligent lead to profit as surely as haste leads to poverty.
- Having a food stockpile is wise. Proverbs 21:20, The wise store up choice food and olive oil, but fools gulp theirs down.
- Saving for a period 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; This verse also speaks to me about overeating.
- 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.
- 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.
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: