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The All New One Money Design

I’m pleased to announce that One Money Design is back after being offline for the last year.  I’m really excited about the blog and what God has in store for the future.

But you won’t find the same blog this time! I’m bringing it back with a fresh start and new approach.  Here’s what you can expect:

  1. Curated micro posts to share links, quotes, videos and photos to encourage and inspire faithful financial stewardship.
  2. I’ll be posting some original content too.  These articles will be focused on biblical financial topics.

But what about topics such as essential ingredients every debt plan needs, or strategies to with the war for airline ticket savings?

Well, you won’t find those types of posts here at OMD, but you will find them on Personal Pennies, a new blog where I’m sharing simple ideas to help people manage money wisely.

What do you think about the all new One Money Design?  

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What Does the Bible Say About Budgeting? (Faith and Finance)

The scriptures have a lot to say about planning ahead and budgeting resources.

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250 Bible Verses About Money (Christian PF)

What a great resource to dive into God’s word about money!

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Your Key To Debt Payoff Success: Bible Verses About Debt

the rich rule over the poor

Today’s post is inspired by the Debt is Not Forever Blogger Crusade.  The purpose of the Crusade, is to encourage and help people believe that they CAN get out of debt!

 The crusade was started by Jackie at TheDebtMyth.com.  Visit TheDebtMyth.com to learn how you can participate and join a bunch of people determined to getting out of debt!

Have you ever wanted to know what the Bible says about debt?  Understanding God’s perspective on this topic can help us make wiser decisions when managing money, paying off debt and avoiding it all together.

As Christians, God wants us to be financially free from debt so He can do more through us and therefore with the resources He’s entrusted to our care. God’s word can help us get out of debt and avoid going back in the future.

We should remember that becoming debt free should ultimately be for God’s purposes.   Money decisions should never be about us.  With that, here are several Bible verses about debt that provided encouragement to get out of debt, avoid it in the future and more.

Avoid Debt

Proverbs 22:7 - The rich rule over the poor, and the borrower is slave to the lender.

I’ve always felt like I was in bondage to debt with car loans, credit card debt, etc.  I knew my freedom was limited because I had to make the payments each month and couldn’t do anything else with the money.

I know it’s easy enough to want a new car, but when you sign the loan, you’re signing an agreement to pay that debt over several years.  The thought of owing someone that money each and every month for years is discomforting even if you have a nice new car to drive.

If a loan is necessary, we should make sure it’s reasonable and fits well within our budget.

Repay Debt

Proverbs 3:27-28  – Do not withhold good from those who deserve it, when it is in your power to act.  Do not say to your neighbor, “Come back later; I’ll give it tomorrow”— when you now have it with you.

Scripture tells us that we are to pay back debt when we borrow.  I think we hear to many stories of people who try to flee from their debts or who quickly file bankruptcy to avoid paying what has been borrowed.

Doing so is irresponsible.  If people choose to borrow they must be responsible enough to repay.  Sometimes this is difficult and a debt payment plan needs to be created, however, we should always work to repay debts even if it takes longer than expected.

Presumption on the Future

James 4:13-14 – Now listen, you who say, today or tomorrow we will go to this or that city, spend a year there, carry on business and make money.  Why, you do not even know what will happen tomorrow. What is your life? You are a mist that appears for a little while and then vanishes.

The truth is that none of us know what the future will bring.  Back to the car debt example… what if you take out a car loan for 5 years and then you lose your job after 3 years.  You thought you could afford the car payments, but couldn’t foresee losing your job.

The same holds true when using a credit card.  What if you were to use a credit card to charge some expensive electronics for your TV room?  You might think you can pay the card off in a few months, but what happens if you incur a major medical expense?  Did you see that expense coming?  Of course not!

We can’t assume we can afford debt payments in the future and that’s certainly a risk we’re taking with car loans and other debts.

Bible Verses About Cosigning

Let’s not forget the touchy subject of consigning debts.  The Bible provides some meaningful guidance here as well.

Proverbs 22:26-27  – Do not be a man who strikes hands in pledge or puts up security for debts;  if you lack the means to pay, your very bed will be snatched from under you.

Proverbs 17:18  – A man lacking in judgment strikes hands in pledge and puts up security for his neighbor.

Proverbs 6:1-5  – My son, if you have put up security for your neighbor, if you have struck hands in pledge for another, if you have been trapped by what you said, ensnared by the words of your mouth, then do this, my son, to free yourself, since you have fallen into your neighbor’s hands: Go and humble yourself; press your plea with your neighbor!  Allow no sleep to your eyes, no slumber to your eyelids. Free yourself, like a gazelle from the hand of the hunter, like a bird from the snare of the fowler.

More Bible Verses About Debt

Here are some more Bible verses about debt and obeying God’s financial principles to consider.  In these verses we can see the theme of slavery again and being ruled over when in debt.  The opposite is true when we are debt free.  We are available to God to help others financially.

Romans 13:8  – , except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.

1 Corinthians 7:23  – You were bought at a price; do not become slaves of men.

Deuteronomy 15:4-6  – However, there should be no poor among you, for in the land the LORD your God is giving you to possess as your inheritance, he will richly bless you, if only you fully obey the LORD your God and are careful to follow all these commands I am giving you today.  For the LORD your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.

Deuteronomy 28:1,2,12  – If you fully obey the LORD your God and carefully follow all his commands I give you today, the LORD your God will set you high above all the nations on earth.

All these blessings will come upon you and accompany you if you obey the LORD your God:

The LORD will open the heavens, the storehouse of his bounty, to send rain on your land in season and to bless all the work of your hands. You will lend to many nations but will borrow from none.

Deuteronomy 28:15,43-45  – However, if you do not obey the LORD your God and do not carefully follow all his commands and decrees I am giving you today, all these curses will come upon you and overtake you:

The alien who lives among you will rise above you higher and higher, but you will sink lower and lower. He will lend to you, but you will not lend to him. He will be the head, but you will be the tail.  All these curses will come upon you. They will pursue you and overtake you until you are destroyed, because you did not obey the LORD your God and observe the commands and decrees he gave you.

Final Thoughts

The Bible is not short on God’s perspective on debt in providing us all of this guidance.  In general, I believe the takeaway is that debt isn’t a good thing.  God doesn’t want His people owing others because they are in bondage, or trapped, into an obligation to repay.  Certainly, we have to weigh God’s words carefully and prayerfully for our own situations.  It may not mean that we don’t have mortgages, but we may need to do so in such a way that protects the investment and ourselves by adequately putting enough money into the property before securing the loan.

What are your thoughts on these Bible verses about debt?  Do you have a favorite?  Which one resonates with you the most?

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5 Bible Verses About Money Every Christian Should Know (Christian PF)

A great set of verses to start the day!  I find a lot of peace in Phil 4:19.  “And my God will meet all your needs according to his glorious riches in Christ Jesus.”

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4 Questions to Gauge Financial Stewardship

IMG_5962.PNGThere have been a number of times that I’ve beat myself up over our family finances.  I was frustrated over debt, a lack of savings and investing and in general, just not being further along financially than what I felt like we should be.

It’s good to be concerned.  At least at that point, you know you care about being a good steward.  However, God certainly doesn’t want us to beat ourselves up about our finances.  Rather, we should focus on our journey as stewards.

We can grow our faith when in the valley and experience challenges and set good examples for others when on the mountain top and things are going well.

In his book, Your Money Map, Howard Dayton reminds us of four key responsibilities of the faithful steward.  They serve as good questions to gauge our financial stewardship.

Responsibilities of a Faithful Steward

1.  Are you faithful with what you have?

“Now it is required that those who have been given a trust must prove faithful.” (1 Corinthians 4:2)

It doesn’t matter how much we have.  God has entrusted us to manage a certain amount.  Your amount may be different from your neighbor’s amount, but God has asked you to be wise with what you have.

This is a tough one, but we have to be content with our situation.  When we’re ready, God will entrust us with more.

2. Are you faithful with 100% or 10%?

God desires us to be faithful with all the money he’s entrusted to us.  A lot of people feel like they should only focus on the giving part (1o% tithe), but God has asked us to be faithful in a number of other areas that people tend to forget about.

Howard Dayton provides the following guidelines to be 100% responsible:

  • Be completely honest
  • Train your children
  • Steadily invest
  • Avoid debt
  • Regularly save
  • Wisely spend
  • Generously give
  • Work hard

Those are a lot of areas to consider, but money is involved in pretty much every area of life.  The steward’s responsibilities expand much further than simply giving.

3. Are you faithful with little things?

“Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much.” (Luke 16:10)

If we are faithful with little things God may entrust us with bigger responsibilities.  If you think about it, how people manage just a few dollars is a good indication of how they will manage a lot of money.  In other words, if you can’t hardly hang onto $10 without spending it, you’ll probably have the same experience with $1000.

“Think about it.  How do you know if a child is going to take good care of his first car?  Observe how he cared for his bicycle.” – Howard Dayton

4. Are you faithful with other peoples’ stuff?

I’m glad Howard Dayton pointed out this area of responsibility in his book.  Taking care of other people’s stuff is something we don’t often think about as being the responsibility of a financial steward, but it’s very important. This applies when we borrow something from our neighbor, stay elsewhere such as in a hotel and even in the use of office supplies at work.  God looks to us to be responsible in our use and care of all resources that belong to Him.

Final Thoughts

As I mentioned, God doesn’t want us to beat ourselves up about our financial situation and when we’re down in the valley.

All too often we focus on achieving the more well – know financial milestones (getting out of debt, maxing out our retirement contributions, building our emergency savings, etc.), but we forget about adhering to our daily responsibilities as faithful stewards.

Achieving financial freedom is a journey and doesn’t occur over night.

If we are doing our best to fulfill our responsibilities as God’s stewards, we can find peace and comfort in that God will fulfill his responsibilities and provide for our needs during the journey.

And my God will meet all your needs according to his glorious riches in Christ Jesus. (Philippians 4:19)

What do you think about these four responsibilities?

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tithing-statistics

 State of the Plate Research

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 State of the Plate Research

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“Stewardship is not ordering your life in such a way that you can spend money however you want. It’s ordering your life in such a way that God can spend you in whatever way He wants.”

Chuck Bentley

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“A faithful steward is completely honest, works hard, gives generously, spends wisely, saves regularly, avoids debt, invests steadily and trains children.”

Howard Dayton