Managing Money God's Way

The issue of how to manage money is extremely important, both in our personal lives and in our ministries. Most people I know who are in financial trouble are not there because they have not had enough money come through their hands over the years but because they have not managed it well. God does supply our need. In this article, we look at principles for achieving financial success and avoiding failure from the wisdom in the Book of Proverbs.

Ten Principles to Help You Achieve Financial Success

  1. Pay your debts on time. Withhold not good from them to whom it is due, when it is in the power of thine hand to do it. Say not unto thy neighbour, Go, and come again, and to morrow I will give; when thou hast it by thee (Proverbs 3:27-28). I have told the business office at the church I pastor not to make a late payment because we cross the Word of God when doing that, and doing that does not bring the blessing.
  2. Give God the ownership of all you have. Commit thy works unto the LORD, and thy thoughts shall be established (Proverbs 16:3). Everything I have—cars, houses, clothes, furniture—belongs to God. If He asks me for it, I say, "It's yours anyway. Take it."
  3. Be diligent. He becometh poor that dealeth with a slack hand: but the hand of the diligent maketh rich (Proverbs 10:4). When counseling couples regarding their finances over the years, I've seen so many times that they had plenty of cash but didn't use their money in a smart way. They threw it away. They burned through it by paying interest. They spent it on things they didn't need. My counsel was to work hard, give your best, and use your brain.
  4. Pray before you act. In all thy ways acknowledge him, and he shall direct thy paths ( Proverbs 3:6). You may say, "I want this house" or "I deserve this car." You may feel that way, but did you ask God about your expenditures? God takes delight when you come before Him and seek His face. The Holy Ghost will be faithful to give you direction. He will give you peace about what to do. Don't find yourself owning something you don't need or can't afford.
  5. Learn to plant seed abundantly. Honour the LORD with thy substance, and with the firstfruits of all thine increase (Proverbs 3:9). You have to plant in order to receive a harvest. If you sow haphazardly, you can't expect a steady return.
  6. Learn to take control of yourself. He that hath no rule over his own spirit is like a city that is broken down, and without walls (Proverbs 25:28). Making money, developing financially, and becoming prosperous requires discipline. You need to learn to tell yourself "No." If you don't give in to the flesh, you won't be in financial trouble.
  7. Start talking like a winner. A man's belly shall be satisfied with the fruit of his mouth; and with the increase of his lips shall he be filled. Death and life are in the power of the tongue: and they that love it shall eat the fruit thereof (Proverbs 18:20-21). Faith comes by hearing. Stop saying, "I can't govern my spending. Every time I get some money, it goes right out of the window." Instead, start saying, "I have control over my own spirit. I can control myself and my own habits and spending. I make sound and good decisions."
  8. Save money first. Prepare thy work without, and make it fit for thyself in the field; and afterwards build thine house (Proverbs 24:27). Many couples get married and immediately buy a house, furniture, a new car, and new clothes. They take vacations. They didn't save money first. All beginnings are small. You build layer upon layer.
  9. Get all the facts. The heart of the prudent getteth knowledge; and the ear of the wise seeketh knowledge (Proverbs 18:15). After you get all the facts and read all of the fine print, then make a decision. A good salesman will find out where you tick, zero in on that, and clench the deal. Don't buy something for emotional reasons.
  10. Select your business partners very carefully. Confidence in an unfaithful man in time of trouble is like a broken tooth, and a foot out of joint (Proverbs 25:19). Many people know the Word of God and believe that God wants to bless them financially, but they make unwise decisions about choosing business partners. Even if the person you're considering says he or she is a Christian, pray long enough to get God's direction and get to know him or her well enough to know how that person conducts business.

Three Things to Avoid

  1. Never borrow money for items that depreciate quickly; in fact, it's wise to never borrow money at all. The rich ruleth over the poor, and the borrower is servant to the lender (Proverbs 22:7). If you have ever looked at a truth-in-lending statement for a house mortgage, you will see the price of the house plus the amount of interest you will pay over the lifetime of the mortgage. The sum of the two is what you actually will pay, and frequently the total amount is at least double or even triple the cost of the house. That's a lot of money that could have been used to further God's kingdom.
  2. Don't become security for somebody else. Be not thou one of them that strike hands, or of them that are sureties for debts (Proverbs 22:26). When you cosign, you will not get the benefit of using the item for which the money was borrowed, but you will be responsible for the debt if the other signer defaults. That's a no-win situation for you!
  3. Don't get involved in get-rich-quick schemes. Hell and destruction are never full; so the eyes of man are never satisfied (Proverbs 27:20). If you could get rich quick, don't you think somebody smarter than you would have already done so? And just because multi-level pyramid schemes are technically legal, they are not necessarily moral; they often they take advantage of others' ignorance.

This article is written by Bishop Keith A. Butler

Bishop Keith A. Butler is the Founder of Word of Faith International Christian Center.

Word of Faith International Christian Center was founded on January 14, 1979 and has a congregation of over 11,000 members and over 150 employees. The main church is located on a beautiful 110-acre campus in Southfield, Michigan, where multiple services are held in the 5,000-seat auditorium. Bishop Butler pastors churches in Round Rock, and Dallas, TX. He also oversees 14 operations in the United States and international operations in Canada, England, Bulgaria and Africa.

With the support of his lovely wife, Pastor Deborah L. Butler, and their children: Pastor Keith A. Butler II, his wife Minister Tiffany Butler (grand-daughters Alexis, Angela and April) Pastor MiChelle A. Butler and Minister Kristina M. Butler, Bishop Butler continues to plant churches worldwide. He Ministers extensively in churches, conferences and seminars throughout the U.S. and abroad, with an emphasis on instruction, line-upon-line teaching and a no-nonsense practical application of God's Word. Bishop Butler is also the author of more than a dozen books.