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Financial Peace of Mind

There are two educations: How to make a living. How to Live.

Financial planning involves starting at a young age with a budget and always avoiding debt.

Christian budgeting involves knowing God owns everything and we are merely His stewards. It is important to use His assets to their fullest for Him, family, business and community.

One of the bigger benefits of a budget is the financial security, control, independence, contentment, and unleashing the power of generosity.

Here are spending guidelines from Dave Ramsey’s Financial Peace University:

Charitable Giving 10-15%

Saving / Investing 5-10

Housing 25-35

Utilities 5-10

Food 5-10

Transportation 10-15

Clothing 2-7

Medical/Health 5-10

Personal 5-10

Recreation 5-10

The Bible has this to say about budgeting:

Get Out of Debt: “The rich rule over the poor, and the borrower is the slave of the

lender,” Proverbs 22:7 (NRSV).

Act Your Wage: “A foolish man devours all he has,” Proverbs 21:20.

Get on Budget: “For which of you, intending to build a tower, does not sit down first and count the cost, whether he has enough to finish it,” Luke 14:20 (NKJV).

Save and Invest: “In the house of the wise are stores of choice food and oil,” Proverbs 21:20.

Give: “Bring all tithes into the storehouse, that there may be food in My house,” Malachi 3:10(NKJV).

Dave Ramsey recommends the following for financial peace:

Ownership: We will transfer ownership of all we have back to the Lord.

Management: We will tell money where to go.

Freedom: We will live more simply and work toward eliminating debt.

Foresight: We will save and invest (not hoard) for the future needs of our family.

Legacy: We will pass on biblical counsel and tangible resources to loved ones.

Generosity: We will support the work of Christ and help others by giving unselfishly.

The one of the most essential lessons of life is financial responsibility. It is absolutely necessary to live within ones means and plan for now and the future. Building wealth is about stewardship, not ownership, Psalm: 24:1 (KJV).

God provides a quite clear formula in the Bible for financial peace. The Bible mentions money over 800 times. Very simply wealth building is a Holy activity according to Proverbs 10:4 (NIV). Many believe that everyone’s wealth should be equal, but the Bible says otherwise in Matthew 26:6 (NIV).

Over three-quarters of Americans are bankrupted, broke & busted by credit cards. Education for lifetime budgeting and second half of life plans need to become a religious and government priority.

A budget is a key document to financial health. Few people have a budget. Budgets are not popular because they require discipline, focusing on the necessities, rather than wants and wishes, of life.

Nowhere in the Bible does it say being poor is good or growing wealth is wrong. The Bible is clear. All good things are of God. During our life-time, we are His stewards as to all His gifts. We are merely stewards of what God has entrusted to us. As caretakers, it is important that we use His assets to their fullest potential during our lifetime for our personal, family, business, and charitable interests.

An essential element of building a budget is for each spouse to be a member of the team.

For further details, refer to my book, Life Stage Lesson or New Beginnings ( for a free Budget Guide.

#AmericaFirst #education #FinancialPeace

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