What does the Bible say about managing your finances?

I beg you earnestly, dear brother, to be diligent about your temporal business. You know well that I am very far from wishing to see you leave your work, but what our hand finds to do we are to do it with our might. Limit your expenses at once, if they exceed your income, and arrange your business as a good steward of the Lord. Disorder in one's business is dishonouring to the gospel, as being careful to increase our wealth like the world dries up (one can do no more) the soul. The word has told us that it is the way and the root of every sort of evil. But the principles are simple; to live simply in order to be able to give of what one has, and to be faithful in one's own things, making use of them as having been entrusted to us to have in order to use them according to the Lord. The Book of Proverbs teaches us clearly in detail about these things.

None of the New Testament writers omits this topic. They warn us over and over again not to put our trust in material or financial assets for we can lose these overnight. So many things can go wrong. True, we can cover some risks by insurance (such as fire), but God has many ways to bring home to us the transitory nature of riches. Nor does it have to be an investment portfolio that loses its value dramatically. God has many ways to discourage us from putting our confidence in assets we have tried to protect. Those who think they are secure because of their material wealth are greatly mistaken. There are many cases in the history of Christianity that warn us against this misconception.

You can increase your material wealth if you are constantly occupied with becoming richer. But you can also protect it by ignoring the needs of fellow believers and other people. The writers of the New Testament condemn both sharply.

In nothing perhaps are the children of God so commonly unfaithful as in the stewardship of money. Too much spent on luxuries, and too little dispersed abroad, and even that not always wisely. When shall we learn to neither spend nor give without seeking the guidance of God? In Luke 16: the Lord Jesus, after speaking of the unjust steward who so skilfully manipulated his circumstances for his own advantage, said: "He that is faithful in that which is least is faithful also in much." "Least?" Is that how men regard money? Note also our Lord's further words: "that which is highly esteemed among men is abomination in the sight of God!" In 1 Tim. 6 the Apostle has much to say about this serious matter. In verses 9-11 he warns saints who are not rich, but who aspire to be, that there are dangers ahead. Men in the world who pursue such a course frequently "drown themselves in destruction and perdition" and money-loving saints "pierce themselves through with many sorrows." In Verses 17-19 the Apostle charges those who are already rich not to "trust … in uncertain riches, but in God who gives us richly all things to enjoy," and to be ready "with open hand for every good work." There is nothing wrong in possessing wealth (mark the word "enjoy") if the wealth comes to us honourably; but when we consider that He to whom we owe our eternal all had not where to lay His head, and when we also remember that He is still "despised and rejected by men," to be holders of large sums of money puts us in a position of grave responsibility, in the discharge of which we need daily and hourly grace. Referring again to Luke 16 we can "make to ourselves friends by the mammon of unrighteousness," if our hearts so dispose us (ver. 9) or we may make enemies by the same means. Those who are generous and kind are beloved; but those who are selfish and haughty by reason of their wealth are disliked. Oh, that it may be said of us, as of Josiah's workmen "they dealt faithfully! "

Let us be careful to keep our hearts from clinging unduly to the material possessions which God has entrusted to us. They could become a hindrance to the worship which the Lord expects from us. As Luke 16 teaches, the “unrighteous mammon” is entrusted to our management, but our hearts should not become attached to it as a treasure. It must always remain at the Lord's disposal to be used according to His will.

"If, therefore, ye have not been faithful in the unrighteous mammon, who will commit to your trust the true riches? And if ye have not been faithful in that which is another man's, who shall give you that which is your own?" And herein lies what is so important as to possessions here, in the moral bearing of the parable. They are not our own. They are "that which is another man's" — the master's goods, according to the parable, which happen to lie over in our hands before our stewardship has been finally taken away. If looked upon as our own we might be tempted to spend them upon ourselves, or hoard them up — heaping treasure together in the last days, as James 5:3 says. But seen to be wholly "another man's," we can afford to be liberal in our use of them, and to lavish them on every interest of His, in view of that scene where we shall receive our own things. All we have here is His, then, to be used in view of eternity; our own things lie there with Him, where we look to be received, when our earthly course is closed. It is only by such an estimate of money, to speak plainly, that we can be delivered from the influence of what governs so powerfully the heart of man.

Now we come to another division of the chapter (vers. 19-24). As far as the christian is concerned, if he has money he simply has it as a steward. In early days they had all things common, when all the saints were in Jerusalem. But that could not be carried out now. We have further instructions since failure has come in; see 1 Tim. 6:6-10, 17-19, where raiment should read "covering"; the word in the original takes in a roof as well as raiment. That fits in a good deal with this chapter. Those who have money like to invest it wisely, and the Lord shows here how to do it. "He that gives to the poor, lends to the Lord." One could not have a safer investment, or better interest. We do not know what a day or an hour may bring forth. Three years ago people in Belgium little thought what would occur. Riches take to themselves wings and fly away. They will never fly away if invested thus. Heaven is the place to store them. The Lord is showing the place in which to deposit treasure. It is individual. What a blessed thing to be able to rightly appreciate what we have in heaven, and thus have our hearts set on things above, not on things on the earth!

But lastly the question comes in, How much are we to give to the Lord? Now, dear reader, this question would never come in, if you understood that you and all yours are entirely bought for the Lord. Israel's men, women, and children, and cattle, were all for Jehovah. All had to come out of Egypt. Moses would not hear of the compromise, that the men were to come out of Egypt, and the wives, children, and cattle to be left behind. Not a jot or tittle was to be left in Egypt or to be lavished on Egyptians. All was for Jehovah, and for the support of their families and other Israelites through the wilderness, but for nothing more. And so in a much higher sense all that the Christian possesses is the Lord's. The Lord says as to the principle of it in Luke 12:33, Sell that ye have and give alms; provide yourselves bags that wax not old, a treasure in the heavens that faileth not, where no thief approacheth, neither moth corrupteth. On the day of Pentecost all was given up, and laid down at the apostles' feet, to be distributed equally amongst all. Truly this did not go on in the later times of the church. But the principle surely remains, and so in 1 Timothy 6 the rich are exhorted to do good, to be rich in good works, ready to distribute, willing to communicate, laying up in store for themselves a good foundation against the time to come, that they may lay hold of eternal life. And such principles as are shown in 2 Corinthians 9:8-11, and Ephesians 4:28, would surely be a check to saints who seek to get rich, as showing that the only purpose of labouring, and getting the blessings of God on it should be for the purpose of being an increased blessing to others, to abound in every good work, to have to give to him that needeth. As to usury, it was absolutely forbidden between Jewish brethren: to the stranger they might lend on interest, but not to their brethren. If they took a pledge it was to be restored before evening, lest their poor brother should cry to God and He would hear him for He was gracious. Dreadful is it to hear of brethren who boast of their high standing and privileges in a heavenly Christ, yet lowering themselves below the level of the righteous Jew in their walk, leading their poor brethren into sin, in the matter of buying farms or land, which they cannot pay for, and then exacting interest, notes, and all kinds of things afterwards, for the payment of it, thus becoming their oppressors. May the Lord lead His beloved saints to consider His principles in giving, and to abound individually in every good work!

We have read your letter with deep interest and we can enter into your feelings. We believe the Christian is bound to provide for his family, day by day — bound to educate his children and put them in the way of earning an honest livelihood. All this is so plainly commanded in the New Testament as to admit of no question. But these sacred duties leave wholly untouched the question of hoarding up and of speculation. We do not believe in these latter at all. We believe that hoarding covers the soul with rust and speculation fills the heart and mind with care and anxiety.

In Christianity all we possess is sometimes viewed as belonging to God, and we are but stewards of what God has given us (Luke 16:11-12): but our present possessions are also viewed as our own (Acts 5:4), with the responsibility of using them aright. Those who are rich are not exhorted to give a tenth, but are to "be rich in good works, ready to distribute, willing to communicate" (1 Tim. 6:18). All who give are to do it with simplicity (Rom. 12:8). even if we are not able, like the poor widow, to give all our living (Mark 12:41-44), or like the disciples of the Lord who left all to follow Him (Luke 18:28).

If we are not to love money, we are to use it well if we possess it. Some have inherited riches, others, though not seeking it, have yet become rich. Here is a special charge for them: “Charge them that are rich in this world, that they be not high-minded, nor trust in uncertain riches, but in the living God, who gives us richly all things to enjoy; that they do good, that they be rich in good works, ready to distribute, willing to communicate; laying up in store for themselves a good foundation against the time to come, that they may lay hold of eternal life.”