When I take a look at my monthly assets to debts, just seeing my debt column is typically enough to inspire me to keep paying down my debt. Sometimes I need a little bit more inspiration to get me through my weeks. These Bible verses help inspire me on a daily basis to keep my spending in check and not let myself worry so much about finances.
1. “Then he said to them, ‘Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.'” Luke 12:15
Here in Southern California it’s easy to let the culture of spending take over your life. People are competing with other people for the latest in style, the adult toys, and the nights out at the newest and hippest restaurants. Lifestyle inflation can easily get out of hand. This verse helps me to remember that possessions don’t matter and as long as I have my basic needs met, I will be just fine.
2. “Seek first His kingdom and righteousness and all things will be given to you. Therefore, do not worry about tomorrow, for tomorrow will worry about itself.” Matthew 6: 33-34
What is His kingdom? Love, peace, and tranquility. The less I worry about the things that this world has to offer (the latest restaurant, the latest gadgets, the expensive home furnishings, etc.) the more at peace with the world I am. I also notice the difference in my bank account. Currently, my goals are saving money and staying out of debt. All while trying to pay my debt down.
3. “Do not boast about tomorrow, for you do not know what a day may bring.” Proverbs 27:1
I like to use this verse to help bring me back down to Earth. There are so many times were I can get so focused on the future: building an emergency fund, trying to pay off debt, trying to save money to purchase a property. All of those goals seem daunting and can be time consuming to constantly think about. The goals can also be a bit overwhelming. While it’s good to have the future in mind, it’s also important to live in the moment for today and enjoy it. There are a million different variables that could happen on any different day so this verse helps me to not be so rigid and uptight with my financial goals.
4. “All hard work brings a profit but mere talk leads only to poverty.” Proverbs 14:23
See the above verse and then read this one. For me, I believe it’s important to let people know about the types of goals that you have. However, there’s a difference between letting someone know your goal and constantly talking about it. Let your actions do the work for you. Through your actions, let your hard work show that you have been making steps to accomplish your goals. It’s nice to see less talk, and more action.
5. “The rich rule over the poor, and the borrower is slave to the lender.” Proverbs 22:7
How many of you out there feel like a slave to your lenders? I sure do. How freeing it would feel to see my money going towards something I wanted each month rather than to pay off my debts. Each month my money is slave to an auto loan, credit card debt, and student loans. I learned my lesson with going into debt, and definitely with student loans. Don’t let the lender rule over you.
Does anyone else have any verses that they apply to the financial aspect of their life? Post them in the comments section below.