The Bible teaches about prosperity and stewardship. In church as Pastors, we emphasize seedtime and harvest, that by consistent tithing we can expect to prosper financially. What we have not done as effectively is to teach that it is also important for Christians to be debt-free and walk-in complete financial freedom. Financial freedom will manifest itself in your life in many ways—relief from worry and tension about overdue bills, a clear conscience before God and before others, and most importantly through the assurance that God is in control of our finances.
If you will be committed to becoming debt-free, there are tools that will you on your journey to complete financial freedom. Here are a few things you will need to do as you prepare to begin budgeting your money.
- Pray, ask God for His wisdom and for the Holy Spirit to lead and direct you.
- Know what a budget is and what it should do for you. A budget will help you see where your money comes from and where it is going, help you set and achieve your financial goals, and give you a written plan to assist you in making financial decisions.
- Make a list of all your spending every day for 30 days. This practice will make you aware of your spending habits and help you make better spending decisions.
- Gather your income information, monthly fixed, and variable expenses.
- Learn the principles of financial freedom by reading and watching videos that teach in practical steps how to gain financial freedom. Complete Financial Breakthrough”
There are many other Bible-based resources available that will teach you what God’s Word says about finances, debt, increase, and biblical prosperity. The Bible tells us in Romans 13:8 to “keep out of debt and owe no man anything, except to love one another…” (The Amplified Bible). In fact, as believers, we should be the lender, not the borrower (Deuteronomy 28:12).