Biblical Financial Principles and 5 Practical Steps to Live by Them — Christian Stewardship Network (2024)

Financial management plays a significant role in our lives today. However, for Christians, the concept of financial stewardship goes beyond sheer money management. It is rooted in biblical principles that guide believers to view and manage their finances as a resource entrusted to them by God. In this article, we will define the principles of biblical financial stewardship and provide some practical steps you can take to live as a faithful steward.

What is Biblical Financial Stewardship?

Biblical financial stewardship refers to responsible and faithful management of the financial resources God has entrusted us. It recognizes that everything we have ultimately belongs to God and that we are called to use our financial blessings wisely for His purposes and glory.

Principles of Biblical Financial Stewardship:

God's Ownership

Central to financial stewardship is acknowledging that God is the ultimate owner of everything. The Bible tells us, "The earth is the Lord's, and everything in it, the world, and all who live in it" (Psalm 24:1). Understanding this principle helps us adopt a humble and grateful attitude, recognizing that our possessions are gifts from God.

Faithful Stewardship

As stewards, we must manage our finances with faithfulness and integrity. This involves practicing honesty, diligence, and wise decision-making in our financial matters. Jesus illustrated the importance of faithful stewardship in the parable of the talents, emphasizing that faithful stewards are entrusted with even greater responsibilities (Matthew 25:14-30).

Putting God First

Biblical financial stewardship requires prioritizing God in our finances. This includes giving to God first through tithes and offerings. The principle of tithing involves giving a tenth of our income back to God as an act of worship and trust in His provision (Malachi 3:10). By prioritizing God's kingdom first (Matt. 6:33), we acknowledge His faithfulness as a provider and invite His blessings into our financial journey.

Contentment and Avoiding Greed

Financial stewardship requires learning contentment and avoiding the trap of greed. The apostle Paul teaches, "But godliness with contentment is great gain" (1 Timothy 6:6). True wealth lies not in accumulating possessions but in finding satisfaction in our relationship with God. By avoiding greed, we can focus on the eternal rather than the temporal.

Generosity

Biblical financial stewardship encourages a spirit of generosity. As we recognize that our blessings are gifts from God, we are inspired to share them with others in need. The apostle Paul instructs believers to "do good, to be rich in good deeds, and to be generous and willing to share" (1 Timothy 6:18). Generosity not only blesses others but also reflects the love and generosity of our Heavenly Father.

Understanding these Biblical financial principles and many others from the Scriptures is essential, but we must go beyond knowing and understanding. To be a good and faithful steward, you must put these principles into practice.

Practical Steps for Financial Stewardship:

Biblical financial stewardship starts with recognizing God's ownership and our role as stewards. This role isn't something we do apart from God. Instead, we do it with God's help, which he provides through his Biblical financial principles. Through them, we can navigate our financial decisions with wisdom and purpose by prioritizing God, practicing faithful management, embracing contentment, and cultivating generosity. As faithful stewards, let us receive and practice these principles for our well-being, the advancement of God's Kingdom, and the blessing of others.

For Further Reading

The Importance of Financial Habits

What Does it Really Mean to Be Generous

Do Stewardship and Generosity Mean the Same Thing

The Problem with Your General Fund and How to Fix it

Is it Okay for Christians to Be Wealthy?


. . .

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Biblical Financial Principles and 5 Practical Steps to Live by Them — Christian Stewardship Network (2024)

FAQs

Biblical Financial Principles and 5 Practical Steps to Live by Them — Christian Stewardship Network? ›

These are the ten biblical financial principles: God is the source; give first; live on a margin; save money; keep out of debt; be content with what you have; keep records; don't cosign; work hard and seek godly counsel.

What are the principles of finance in the Bible? ›

These are the ten biblical financial principles: God is the source; give first; live on a margin; save money; keep out of debt; be content with what you have; keep records; don't cosign; work hard and seek godly counsel.

What is the biblical financial stewardship? ›

The Bible has a lot to say about stewardship. Christians are called to be good stewards of the resources God has entrusted to His people – including time, talents, and finances. In turn, Christians are to use His resources wisely and for His glory. When that happens, God promises to bless us with more (John 13:17).

What are the principles of biblical concepts of stewardship? ›

Question 1 Look back over the four principles covered in this post: Ownership, Responsibility, Accountability, and Reward.

What is the principle of financial stewardship? ›

Financial stewardship includes spending resources wisely. Resources include time, money, people, and property. Financial consequences are evaluated before existing activities are changed or eliminated and new activities begin.

What are the five foundational principles of finance briefly explain? ›

Mastering the five major principles of finance – time value of money, risk and return, diversification, capital budgeting, and cost of capital – is crucial for anyone working in or aspiring to work in finance.

What are the examples of financial stewardship? ›

Finally, the “produce” portion has to do with making improvements to their personal finances: setting up a budget, creating an emergency fund, making shrewd investments or acquiring valuable assets (property, businesses), planning ahead for major purchases they'd like to make and of course saving for retirement.

What are the 7 pillars of stewardship? ›

The wholistic principles of stewardship are shared at every opportunity; the outcomes: 1) magnify the devotional life, 2) achieve debt-free living, 3) make good wellness lifestyle choices, 4) energize faithful tithing, 5) maximize spiritual gifts potential, 6) stimulate local giving, 7) inspire generous living, and ...

What are the 4 pillars of stewardship? ›

They are the hallmark of a stewardship parish – Hospitality, Prayer, Formation, and Service.

What does the Bible say about financial stewardship? ›

Good, wise stewardship is the primary principle the Bible teaches about money. For example, a wise person saves for the future (Proverbs 21:20), which requires discipline and forward vision. Money actually grows by good stewardship (no, not on trees), allowing money to multiply (Proverbs 13:11).

What is stewardship theory in finance? ›

Stewardship theory addresses the underlying agency theory assumption that there is a tension between the risk propensity of principals and their agents whereby agents focus their actions upon mitigating their personal risk at the expense of principals.

What is stewardship of wealth? ›

At HighView, the word “stewardship” refers to how we oversee and govern the management of client wealth: as an investment fiduciary in partnership with the client and their other professional advisors in the diligent pursuit of their specific financial objectives.

What does the Bible say about finance? ›

Additionally, it is wise to not have a greedy obsession with money, putting a love of money before your love for God. Hebrews 13:5 tells us, "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.”

What is God's purpose for finances? ›

According to God's Word, there are four fundamental purposes for money: to provide for basic needs, to confirm direction, to give to those in need, and to illustrate God's power and care in provision. Understanding these purposes allows you to see how money relates to God's work in your life and community.

What are the financial promises of God? ›

Philippians 4:19: And this same God who takes care of me will supply all your needs from his glorious riches, which have been given to us in Christ Jesus. Proverbs 10:22: The blessing of the Lord makes a person rich, and he adds no sorrow with it. 2 Corinthians 9:8: And God will generously provide all you need.

What are the principles of church finance? ›

How the church should handle its money. Those who lead in spiritual matters should also lead in financial matters (Acts 4:35,37; Acts 11:29,30; 1 Timothy 3:3,8). Money should be handled in such a way that is defensible against any accusation (2 Corinthians 8:21). Money stewards should be trustworthy people.

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