Two maxims underlie the Bible’s principles of financial responsibility; the earth and its resources belong to God (Lev 25:23; Job 41:11; Pss 24:1; 89:11; Hag 2:8), and they have been entrusted to people to use wisely (Gen 1:29-30; 9:1-4). The overall message of the Bible regarding finances is one of personal thrift combined with generosity toward others. The Bible places a high value on saving money to provide for oneself and others in times of need (Gen 41:1-57; Prov 6:6-8; 21:20; Eccles 11:2; Luke 12:16-21; 1 Cor 16:2). Because God blessed those
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DEFINITION OF THE DAY (FINANCIAL PLANNING)
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. Continue reading DEFINITION OF THE DAY (FINANCIAL PLANNING)