Hello everyone!

A recent survey I read suggest that approximately 78% of Americans live from paycheck to paycheck. The same survey also revealed that 69% of Americans have little or no saving. These statistics are perplexing to say the least. So today, I want to share with you three biblical tips for financial freedom.

We must get rid of greed. Greed in my opinion can be simply defined as, “an overwhelming desire for more.” Greed is going beyond what is necessary. The Bible makes it clear in Proverbs 15:27, “A greedy man brings trouble to his family…” When you are a greedy person who never seems to be satisfied, it can put a tremendous strain on your family and your finances. One of the first tips to financial freedom is to quit being excessive in your spending. Greed will cause you a lot of unnecessary financial problems.

Learn to live on a budget. One of my favorite authors, John Maxwell, once said, “A budget is telling your money what to do, instead of wondering where it went.” I like to encourage people to divide their bills into three categories which are essentials, secured debt, and unsecured debt. Essentials are things you can’t do without, such as food, clothing, and shelter. Secured debt are the things your creditors can repossess for lack of payment. Unsecured debt would be considered credit cards and student loans. Habakkuk 2:2 states, “…write the vision and make it plain upon tables, that he may run that readeth it.” The second tip to financial freedom is learning to live on a written budget.

Create a rainy-day fund. What is a rainy-day fund? A rainy-day fund is a stash of money set aside to cover unexpected financial needs. We all need something to fall back on in case of a financial emergency. For instance, someone in you family could get sick or you may need to do some unexpected repairs on your vehicle. Are you ready to pay for the unexpected expenses that sometimes come our way? Most people set a minimum goal of having one thousand dollars in their rainy-day fund. However, a fully-funded rainy-day fund is somewhere between three to six months of expenses. The third tip to financial freedom is putting something back for a rainy-day.

Yes, the vast majority of Americans are living from paycheck to paycheck. And yet, that’s not the will of God for our lives. No, everyone is not meant to be a millionaire, but we can all strive for financial freedom. Financial freedom begins with the wiliness to get rid of greed, learning to live on a budget, and creating a rainy-day fund. I leave you with the words found in Joshua 1:8, “Do not let this Book of the Law depart from your mouth; meditate on it day and night, so that you may be careful to do everything written in it. Then you will be prosperous and successful.”