Tips for Wisely Managing Your Money

There is an amusing interchange between George Bailey and the angel, Clarence, in the classic movie, “It’s a Wonderful Life.” Clarence declares, “We don’t use money in Heaven,” and George quickly replies, “Well, it comes in real handy down here, bud!”

Since money is central to everything we do in life, it’s important that we understand the basic principles of financial management. Here are some tips for helping to manage your money from a Biblical perspective.

Tip #1: Recognize that everything we have is a gift from God and that we are simply stewards of the things He entrusts into our care.

Philippians 4:19 – My God shall supply all your need according to His riches in glory by Christ Jesus.

James 1:17 – Every good gift and every perfect gift is from above, coming down from the Father of lights…

Tip #2: If possible, employ the “10 and 10” rule to your finances—10 percent of your income for the tithe and 10 percent into savings.

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