Personal finance… Ugh. To most people, those two words sound about as much fun as a weekend long life insurance seminar (no offense to life insurance professionals). And yet, God’s word has quite a lot to say about the topic of our personal finances. The reason for that is very simple. God wants to be God over our entire lives which means putting him first in everything and everyway, including how we spend and manage our dollars. Sadly, few actually pursue that level of commitment.
One of the financial principles found in the Bible is the concept of savings.
In the house of the wise are stores of choice food and oil, but a foolish man devours all he has. -Proverbs 21:20 (NIV)
This verse is a clear indication of the biblical principle of savings. In Old Testament times, a family’s wealth was found in their herds and crops and the produce thereof. They didn’t have 401(k)’s or investment portfolios. According to numerous surveys that have been done, Americans overwhelmingly agree with this wisdom, that they should be living on less than they make and saving from the margin that is leftover. Amazingly, most people aren’t doing this despite what the Bible and our conscience tells us.
One recent survey by Bankrate showed that 36% of Americans haven’t saved a dime for retirement. Another Bankrate survey showed that 76% of us are living paycheck-to-paycheck with little or no emergency savings. The end result is that when an emergency happens, most of us go deeper into debt to fix the problem which just strains our ability to make ends meet every month.
Now, here’s the kicker. The number one reason given by people for why they aren’t saving and/or changing their living habits is a lack of personal financial knowledge. WHAT?!? We live in the most advanced nation in the history of the world, fueled by a knowledge economy, WITH THE INTERNET, and the reason people don’t save is that they don’t know how! We just don’t know!
It’s mind-boggling. Mind-boggling and true. This is why we at Elevate Church are committed to helping God’s people learn about God’s view of money. We are starting another course of Financial Peace University on September 18th. The classes are once a week and will run for 5 weeks before taking a break and then resuming on January 8th for the final 4 weeks.
This is a great program that covers topics of savings, how to deal with debt, insurance, retirement, giving and so much more. And I promise, you will enjoy going through it and it won’t bore you to tears. So, if you’re ready for that next step, worried about retirement, fed up with living paycheck to paycheck, or just tired of not knowing what to do, let us help. Have faith and step out to see what God has to tell you.
Please, don’t hesitate to talk to me or one of our Elders and/or Pastors about it if you need more information.
Jarrod Gillihan - email me