Managing My Money

November 14, 2021 Speaker: Jeff Bedwell Series: Walking in Wisdom

Topic: Money Passage: 1 Timothy 6:17–6:19

Walking In Wisdom
Managing My Money
1 Timothy 6:17-19

Finances are a tool that God uses to shape and to test our character!

Biblical Guidelines for Managing Money

  1. Seek wise counsel

Without counsel plans fail, but with many advisers they succeed.” (Proverbs 15:22, ESV)

  1. Keep good records

Know well the condition of your flocks, and give attention to your herds,” (Proverbs 27:23, ESV)

4 things you need to know:

  • What you Own
  • What you Owe
  • What you Earn
  • Where it Goes
  1. Develop a written plan

The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.” (Proverbs 21:5, ESV)

Plan in the presence of God

  1. Honor God first

Honor the Lord with your wealth and with the firstfruits of all your produce;” (Proverbs 3:9, ESV)

Whatever you want God to bless in your life put Him first!

Without A Strategy I will be a 3S Giver:

  • Spontaneous
  • Sporadic
  • Sparing

The Solution Is To Become a 4P Giver:

  • Priority Giving
  • Percentage Giving
  • Progressive Giving
  • Prompted Giving
  1. Pay taxes

He said to them, “Then render to Caesar the things that are Caesar’s, and to God the things that are God’s.”” (Luke 20:25, ESV)

Pay to all what is owed to them: taxes to whom taxes are owed, revenue to whom revenue is owed, respect to whom respect is owed, honor to whom honor is owed.” (Romans 13:7, ESV)

  1. Save for the future

Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it.” (Proverbs 21:20, ESV)

Go to the ant, O sluggard; consider her ways, and be wise. Without having any chief, officer, or ruler, she prepares her bread in summer and gathers her food in harvest.” (Proverbs 6:6–8, ESV)

  1. Avoid debt

The rich rules over the poor, and the borrower is the slave of the lender.” (Proverbs 22:7, ESV)

  1. Live on the rest

The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.” (Proverbs 21:5, ESV)

Key to financial success: Spend less than you earn

What most people do:               The order God blesses:

  1. Earn it 1. Earn it
  2. Enjoy it 2. Give it
  3. Repay it (past) 3. Save it
  4. Save it (future) 4. Repay it
  5. Give it (eternal) 5. Enjoy it
  1. Practice contentment

Keep your life free from love of money, and be content with what you have, for he has said, 'I will never leave you nor forsake you.'” (Hebrews 13:5, ESV)

Not that I am speaking of being in need, for I have learned in whatever situation I am to be content.” (Philippians 4:11, ESV)

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Paul Mentions Two Distinct Challenges Of Having An Abundance of Resources In This Present Age

  • Arrogance

It can be easy to confuse our net worth with our self-worth

Every blessing that we don’t turn into Praise has the potential to turn back into Pride

  • Misplaced Hope

A rich man’s wealth is his strong city, and like a high wall in his imagination.” (Proverbs 18:11, ESV)

You can have hope and riches, but it is another thing altogether to have hope In Riches

Key Question: How are my finances Shaping My Heart?

Key Thought: I will not trust in riches, but in Him who richly provides! (6:17)

  • I can keep my heart and hope from drifting by doing good, being rich in good works and being generous and ready to share.
  • It is not primarily about what I have. It is what I do with what I have that will count either for me or against me in the kingdom of heaven.

Making It Personal:

  • God’s richest provision for us is eternal life found only in Jesus Christ. The beginning point for being rich in things that really matter is being in a right relationship with God by responding to his grace through repentance and faith.  Is this foundational relationship a reality in your life?
  • Seek God about His priorities and plans for my money
  • Prayerfully develop/modify a plan for managing my money under the Lordship of Jesus Christ (Commit it to writing)
  • Spend time reviewing and reflecting on the major points of this teaching. What will it look like to apply these truths in your life?

Ready to take your Next Step?

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