Stewardship of Finances

Thank You, LORD GOD, in the Mighty Name of Jesus, who is the source of my provision, wisdom, inspiration, insights, all things good, and every spiritual blessing under Heaven, Amen. Give thanks to the Lord, for He is good; and His faithful love endures forever. – [1 Chronicles 16:34 NLT] Thank You, LORD GOD, in the Mighty Name of Jesus, for the healing and restoration of communities and nations.

Scriptural Inspiration

Honor the Lord with your wealth
        and with the best part of everything you produce.
Then he will fill your barns with grain,
        and your vats will overflow with good wine. – Proverbs 3:9-10 NLT

Useful Strategies for Stewardship of Finances

There is financial instability in the global and local economy, many peaks and troughs in cash flow and share price, and uncertainty in employment. We have to smooth out the bumps. As always, we should use wisdom and sound financial advice when investing, and don’t fall for scams or be cheated. In my experience, some practical strategies which promote financial stability that I found helpful are:

  • tithe 10% of increase.
  • try very hard to save 50% of disposable income, if you are able. It’s doable.
  • create multiple income streams; the usual caveat applies: be wise when and where you invest, get sound financial advice and do not fall for scams or be cheated.
  • keep on-going savings to cover 2 to 3 years of essential expenses to smooth out the bumps, saved in low-risk investments.
  • have a good spread of investments … for multiple income streams … spread out across all the banks and different products … and spread out over time …
  • Minimise your debts, especially credit card debts. Live within your means.
  • Minimise your expenses. Just focus on the essentials.

Rationale

  • Stewardship of finances is the responsibility of senior leadership of organisations, communities and nations, and each individual person.
  • Stewardship of finances that is solely based on global and local financial markets is unstable and unsustainable, in the long term, for organisations and employees, and for communities and nations.
  • As a result of underlying financial instability, individuals, and leaders of organisations, communities and nations now have to take personal responsibility to create their own financial stability.
  • Plus, we need more financial products which promote financial stability for individuals, organisations, communities and nations.