The Bible provides examples of both effective and ineffective financial planning in the face of economic adversity. Examples of good financial planning include Joseph’s preparation for famine in Egypt (Gen 41:34-36), the servants who wisely invested their master’s money (Luke 19:13-19), and the Corinthian believers who laid aside money to help others (1 Cor 16:1-2; cp 2 Cor 9:1-5). Proverbs 27:23-27 counsels a shepherd to know well the condition of his flocks so that they will provide for him in the future, Diversification of investments is advised in Eccles 11:2.
Poor financial planning can be seen in the man who built bigger barns without thought of his impending death (Luke 12:16-21), the man who started to build a tower without the money to complete it (Luke 14:28-30), and the servant who refused to invest his mater’s money (Luke 19:20-21).
The Bible recognizes that having sound plans helps ensure a successful venture (Prov 6:6-8; 21:5; 27:23-27; 30:25; Isa 32:8; 2 Cor 9:5). A key element in planning is the wise counsel of others (Prov 13:18; 20:18), especially God, who causes plans to succeed or fall (Ps 32:8; Prov 3:6; 16:1 4,9; Isa 29:15).