Thank you for your good and very practical question. Instead of answering your question in paragraph form, it may be easier to follow to list some financial concepts with accompanying Bible verses. The verses in this answer are all from the NASB.

  1. Do not love money. “For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs” (1 Timothy 6:10).
  2. Money cannot satisfy us. “He who loves money will not be satisfied with money, nor he who loves abundance with its income. This too is vanity” (Ecclesiastes 5:10). Interestingly, this verse was written by an extremely wealthy King Solomon.
  3. Remember that the Lord is the one who gives us strength to earn money. “But you shall remember the LORD your God, for it is He who is giving you power to make wealth, that He may confirm His covenant which He swore to your fathers, as it is this day” (Deuteronomy 8:18).
  4. Make a financial plan and set priorities. “The PLANS OF THE DILIGENT lead surely to advantage, but everyone who is hasty comes surely to poverty” (Proverbs 21:5).
  5. Set up a budget. “For which one of you, when he wants to build a tower, does not first sit down and calculate the cost to see if he has enough to complete it? Otherwise, when he has laid a foundation and is not able to finish, all who observe it begin to ridicule him, saying, ‘This man began to build and was not able to finish’” (Luke 14:28-30).
  6. Give FIRST to the Lord. “Honor the LORD from your wealth and from the FIRST of all your produce; so your barns will be filled with plenty and your vats will overflow with new wine” (Proverbs 3:9-10).
  7. Take care of your family. “But if anyone does not provide for his own, and especially for those of his household, he has denied the faith and is worse than an unbeliever (1 Timothy 5:8).
  8. Give to meet the needs of others. “One who is gracious to a poor man lends to the LORD, and He will repay him for his good deed” (Proverbs 19:17).
  9. As much as possible, stay out of debt. “The rich rules over the poor, and the borrower becomes the lender’s slave” (Proverbs 22:7).
  10. Diversify your investments. “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth” (Ecclesiastes 11:2).
  11. Do not chase after get-rich-quick schemes. “A man with an evil eye hastens after wealth and does not know that want will come upon him.” (Proverbs 28:22). For example, if I spend $20 per week on playing the lottery, most likely I will come to poverty faster than if I wisely invest $20 per week.
  12. Be patient with the growth of your investments. “Cast your bread on the surface of the waters, for you will find it AFTER MANY DAYS” (Ecclesiastes 11:1). Casting your bread upon the waters is a metaphor taken from the grain trade of a seaport town. Ships carried the grain to other ports where the grain was sold so people could make bread. The owner of the grain business must be patient for the ships to return with the money from the grain sales. We also need to be patient with gradually building our finances.
  13. Build an emergency fund as Joseph did to prepare for a seven-year famine. Joseph said, “Let Pharaoh take action to appoint overseers in charge of the land, and let him exact a fifth of the produce of the land of Egypt in the seven years of abundance. Then let them gather all the food of these good years that are coming, and store up the grain for food in the cities under Pharaoh’s authority, and let them guard it. Let the food become as a reserve for the land for the seven years of famine which will occur in the land of Egypt, so that the land will not perish during the famine” (Genesis 41:34-36).
  14. Reduce the risk of your investments as you age. “There is a grievous evil which I have seen under the sun: riches being hoarded by their owner to his hurt. When those riches were lost through a bad investment and he had fathered a son, then there was nothing to support him” (Ecclesiastes 5:13-14). Keeping all of your money in high-risk investments such as stocks could result in you losing your retirement income and making it impossible to leave money to your children. As you get older, it is better to move more of your money into lower risk investments such as bonds and annuities.
  15. Set your hope on God, not on riches, which can be lost in a moment. Give thanks to God for providing all things for us. “Instruct those who are rich in this present world not to be conceited or to fix their hope on the UNCERTAINTY OF RICHES, BUT ON GOD, who richly supplies us with all things to enjoy. Instruct them to do good, to be RICH IN GOOD WORKS, to be GENEROUS and READY TO SHARE, storing up for themselves the treasure of a good foundation for the future, so that they may take hold of that which is life indeed” (1 Timothy 6:17-19).  (DJ)  (566.5)