Money Management Principles


6 But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. 10 For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

1 Timothy 6: 6- 10

If there is any scripture that I think is relevant to young people, I think it is this one and I can say that if we seek God’s help to live by this scripture, we will do well. If I were to summarize the important lessons I have or still learning, these would be:

  1. Live within your means. God will give you everything you will ‘need’, not want. The way I am going with my life these days is to dependent on the Lord and bring my needs to him in prayer. What I need, I pray for and when God does not answer my specific prayer, I know that is not His will for me, full stop!
  2. When I pray for a need, it is up to God to decide how to meet it. I used to be ‘prescriptive’ in my requests to God – in other words, I would pray for a need and then suggest to God how He should answer the prayer. If I pray for job in order to meet needs for shelter and food, and school fees, etc, it is up to God to decide how to meet those needs. Sometimes I have seen God meeting my needs by keeping my expenses down or keeping me in good health – or keeping my mum in good health so that I am not having to need the money to meet those needs. 
  3. Everything I have belongs to God – I am privileged to be a steward. So I pray for how I spend God’s money entrusted to me. There are times I feel led to meet certain needs and even if my money is not enough, I see God supplying what I need for where he is leading. It is a privilege to be generous as we are a channel of God’s blessings to the others.
  4. Remember it is the Love of Money – not the money itself, that is the root of all kinds of evil. My prayer and the discipline I seek for is not to love the money but God himself. Money has a way of seeking our allegiance and love – and it is a trap we must seek God’s help to deal with, just like in other areas such as sexual purity and other forms of greed. 
  5. Use money as a means not an end. Use it to serve God’s purposes both for yourself and for His work.

Courtesy of Joshua Wathanga

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2 Comments
  • Ruthy
    February 19, 2019

    Thanks. This is profound truth….

  • Phil
    February 19, 2019

    Reminds me of the quote by John Wesley,
    “Earn all you can, give all you can, save all you can”