In Luke 16:1-13, we have an example of Jesus’ teaching about money. There’s a difference of opinion as to what exactly Jesus is commending about the manager in the story but the application of the parable is very clear: (1) all of us will be called to give an account of how we have served him and what we have done with our resources; (2) preparation for that day of account should involve wise use of our resources, especially in the area of finances; and (3) wise use of resources, demonstrating a life of true discipleship, will be rewarded with eternal life and joy. Jesus then added a few other lessons after he finished the story: (1) How we handle small things is an indicator of how we will handle larger things (vs.10); (2) God looks at how we manage the financial resources (‘worldly wealth’) he puts in our hands to determine how much spiritual responsibility (‘true riches’) he will give us (vs.11). Money is a test of spiritual maturity. It reveals our heart and the quality of our character; (3) How we handle or manage other people’s things is a test of our character and maturity (vs.12). If we can’t do well with what belongs to another person, we probably won’t be given our own; (4) Finally, Jesus observes that you can’t serve God and money, in the sense of making an ultimate commitment to both at the same time. Obviously, Jesus is saying that a real test of our discipleship is our attitude towards and our management of our finances. You can tell a lot about a person by how they spend their money. It’s more than just numbers. It reflects values. As part of another teaching on money, Jesus said, “Where your treasure is there your heart will be also.” In other words, your money follows the desires and values of your heart.
Jesus talked about money and possessions in 16 out of 38 parables and 1 out of every 10 verses in the gospels refer to this topic. He talked more about possessions and money than about heaven and hell combined. He did this because how we handle our money matters.
Your Personal Money Makeover
We live in one of the richest countries in the world. Over half of the world’s population lives on just a few dollars a day. Every one of us is ‘rich’ in comparison. Yet despite that fact, many Australians, including many Christians, are under financial pressure. When we experience financial difficulties, every area of our life is affected. Thankfully, there are biblical principles to help us achieve financial freedom and for living wisely on the resources we have.
On the negative side, the Bible teaches us that money can become like a monster that rules our life if we allow it to. Money can be addictive (Ecc.5:10), deceptive (Mt.13:22) and destructive (1 Tim.6:9-11), and it’s only temporal (Lk.12:16-21). Money can be difficult to master and that’s why the Bible says that the “love of money is the root of all evil” (1 Tim.6:10). If you don’t control your money, it will control you and it has the potential to destroy you. Riches can be a threat to your relationship with God. That’s why the Bible has many warnings about the dangers of wealth. You don’t have to have money to love it. Both poor people and rich people can be lovers of money. So, should we all be poor? Not at all. God doesn’t mind us having money as long as our money doesn’t have us. Money is not the problem; it’s our attitude towards it. Money is essential for survival and the expansion of God’s kingdom. It depends on our motives, our priorities and our values.
On the positive side, the Bible teaches us that if we serve God, money can become a blessing in our life. The Bible shows us that God desires to bless his people. God prospers us for a purpose. Money can meet our basic needs (Dt.8:10-20), provide for our enjoyment (Ecc.5:19) and enable us to meet the needs of others (1 Tim. 6:17, 18) and resource God’s work on the earth.
A Financial Assessment
About 10 years ago, we shared a series of messages focused on a personal money makeover. It’s worth looking at this again. A money makeover starts with an assessment of where you are at right now financially. You will benefit from a very simple financial check-up. This is what you need to know about your finances:
- What you own – your This includes cash, house, car, furnishings, tools, investments, money you.
- What you owe – your liabilities. This is what you owe – a personal or bank loan, or credit card debt.
- What you earn – your income. This includes wages, investment returns, gifts, government support, royalties, etc.
- What you spend – your expenses. Expenses include all your living expenses, loan or debt repayments, etc.
#1 and 2 are referred to as your Balance Sheet. Hopefully, you have some ‘equity’ or a positive ‘net worth’. The percentages and proportions are more important than the actual amounts.
#3 and 4 are referred to as your Profit and Loss Statement. Hopefully, there is a ‘profit’, because you are spending less than you are earning. The percentages and proportions are more important than actual amounts.
Doing an assessment such as this takes time but it is worth it. Get some help if you need to. Make use of a simple computer program, consider taking a basic accounting course or purchase a basic book on financial management. Remember Jesus said how we manage your financial resources is very important.
A Balance Sheet statement is very important as it is a snapshot of your current financial position. However, it is simply a result of what we do on a day-to-day basis with our finances, which is shown by our Profit and Loss Statement. If you’d like your assets to increase and your debts to decrease over time, then you need to ensure that your income is exceeding your expenses on a regular basis then apply the resulting profit to those goals.