READ: Philippians 4:11-19
“For the love of money is the root of all evil: which while some coveted after, they have erred from the faith…” – 1 Timothy 6:10
There are many references in the Bible regarding the importance of money (Ecclesiastes 7:12, Ecclesiastes 10:19, Haggai 2:8). However, the Bible also warns us about coveting after money, which is the root of all evil. Money is important for every venture. As long as we live in this world, it is indispensable.
You need to manage your finances properly by budgeting. These areas can guide you: Put God first (tithes, offerings); have some savings or investment; address your needs, not your wants; attend to your liabilities/obligations (debts, bills, remittances, blessing others); keep extra money for miscellaneous needs to afford for flexibility.
Spouses must mutually agree upon the use of housekeeping money. The husband must be realistic when disbursing housekeeping money and the wife must not be prodigal in her spending. Headship of the home extends to finances as well. No matter who earns more, the man must rule the finances of the home with wisdom and fairness. He must have a clear vision to better the lot of the family, e.g. plans to own a house someday. As a financial head, he must avoid stinginess and irresponsibility.
Lack of money must not be a permanent situation in the home. It is important to be mindful of the potential problems associated with lack of money, such as tension, quarrels, mistrust and suspicion. Know also the dangers of covetousness and comparison. Do not compare yourself with any other family. Be realistic