The Bible contains more than 2,000 verses on money, with the Book of Proverbs referencing wealth more than 100 times. Our financial habits are often a direct reflection of our hearts toward God.
To help us apply these Biblical principals for managing money to our modern world, we sat down with Ryan Tolan, M. Div, founder of Glad Academics, to discuss how to align our finances with the Word of God.
1. How does God view financial planning?
Ryan Tolan: God values order. From creation to the early Church, we see that God operates systematically. When we order our finances, we guard against mistakes and allow God to establish our path.
Two practical examples of keeping your finances in order are 1) following a budget and 2) having short-term and long-term financial goals. Goals can includes ‘paying yourself first,’ which implies investing for your own future.
Note: Paying yourself first is a personal finance strategy where you treat your savings and investment goals as your “most important bill.” Instead of paying for your lifestyle first and saving whatever is left over at the end of the month, you set aside a predetermined amount of money as soon as your paycheck hits your account. In essence, you prioritize your future self over your current impulse to spend.
2. Why is contentment emphasized in Scripture?
Tolan: 1 Timothy 6:6 tells us that “godliness with contentment is of great gain.” Without it, the love of money can become a root of evil.
As Ecclesiastes 5:10 shares, those who love money are never satisfied with their abundance. We must view money as a tool, not the prize.
3. What is the most important investment a Christian can make?
Tolan: Matthew 6:33 explains that seeking the Kingdom of God first provides “passive returns” on the things we actually need. While we can invest in the stock market or real estate to provide for our families and enjoy life, our primary investment must be the things of God.
4. What does “generous giving” look like today?
Tolan: We are stewards, not owners. God cares about the Church, the poor, missionaries, the oppressed, and the vulnerable (orphans and widows). 1 Timothy 6:18 specifically reminds those with means to be generous, laying a solid foundation for the future.
5. Is there a “Biblical” way to earn a living?
Tolan: It starts with the Eighth Commandment: “Do not steal.” This goes beyond bank robbery; it includes paying fair wages, respecting intellectual property, and not using your employer’s resources for your side hustle. Proverbs 14:2 reminds us that by living right, we show respect for the Lord.
6. Does the Bible condemn having debt?
Tolan: The Bible does not condemn debt, but it strongly discourages it. Proverbs 22:7 warns that the borrower is a “slave to the lender.” Debt limits your opportunity to be generous. However, if you are in debt, Romans 13:7 charges you to pay what you owe, including taxes.
Check out Is Debt a Sin? What the Bible Really Says About Borrowing Money.
7. What does God say about “Generational Wealth”?
Tolan: Providing for your “children’s children” is identified as “good” in Proverbs 13:22.
However, generational wealth without a relationship with God is eternally nullified. For the Christian, building wealth must include a commitment to practicing righteousness.
8. Is it okay to spend money on things that bring us joy?
Tolan: Yes! God wants us to enjoy His provision. Ecclesiastes 5:18-20 makes it clear that finding enjoyment in our toil is a gift from God. Whether it’s a birthday celebration or a family trip, finding gratitude in what He has provided is a form of worship.
9. Why is saving considered a mark of wisdom?
Tolan: Proverbs 30:25 points to the ant as a model of wisdom because it stores food for the future. Saving allows us to prepare for the unexpected. While only God knows the future, saving is our way of doing our part to ensure our needs are met during uncertain times.
10. How do we keep God as the priority in our finances?
Tolan: We must seek the Kingdom of God first in our saving, spending, and investing. Since it is His money, we must make His priorities our own. As an educator, I always suggest investing in your own financial education so you can make informed decisions that honor Him.
Conclusion
Biblical financial literacy isn’t just about math; it’s about the heart. As Ryan Tolan encourages: “Pray, trust in the Lord’s guidance, and remember that your income does not equal your life’s worth. Keep hope.”
About the Expert
Ryan Tolan is “The Engineering M.Div. in Education.” He holds a B.S. in Mechanical Engineering, an M.Div., and an M.A. in Education. He is the Principal Educator at Glad Academics, which develops resources for educators and businesses. Learn more at www.rytolan.com.
Disclaimer: This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisers before engaging in any transaction.
