What does God say about wasting money?

Proverbs 21:20 – In the House of the wise are stores of choice food and oil, but a foolish man devours all he has. The simplicity behind the idea to 'spend less than you earn' is shared clearly in this verse.

biblemoneymatters.com - Biblical Warning On Financial Foolishness - Bible Money Matters

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Have you ever noticed how much advice the Bible gives for money matters? It doesn’t take much time at all to find scriptures that give insight about how we earn, spend, view, and give money. Not only can we learn what we should do from these verses, we can find verses that instruct us on what we should not do with money.

5 Warnings The Bible Gives About Financial Foolishness

Improper Planning Leads to Poverty

Proverbs 21:5 – The plans of the diligent lead to profit as surely as haste leads to poverty. Before you can succeed in other areas of finance, you need to make a plan. This includes everything from making goals to building a budget and having a plan to stay accountable to someone. Diving head first into all areas of personal finance without a plan is like trying to build a house without a blueprint – you’ll more than likely end up with a mess.

Ignoring Instructions Leads to Shame

Proverbs 13:18 – He who ignores discipline comes to poverty and shame, but whoever heeds correction is honored. If you’re reading this, you’re one step ahead! Seeking out financial wisdom is the first step in becoming a better manager of your money. The second step is to put the words into practice. Ignoring the advice you hear is a surefire way to repeat financial mistakes of others.

Debt Can Really Weigh You Down

Proverbs 22:7 The rich rule over the poor and the borrower is servant to the lender. We’ve heard this verse over and over, but it still rings true. If you’re getting out of debt, there’s a good chance you probably don’t ever want to get back into debt again! Take the wisdom from this verse and be careful whenever you approach the opportunity to borrow.

Spending Can Lead To Trouble

Proverbs 15:27 A greedy man brings trouble to his family, but he who hates bribes will live. When we talk about greed, it’s usually referring to excessive desire for wealth or material possessions. How do we get more material possessions….by spending more and more. Obviously, uncontrollable spending can lead to debt and can really impact your family negatively. Don’t worry, this verse isn’t saying that you should stop spending your money altogether. It simply warns against the trouble that greed can bring to your life.

The Wise Will Save – The Fool Spends It All

Proverbs 21:20 – In the House of the wise are stores of choice food and oil, but a foolish man devours all he has. The simplicity behind the idea to ‘spend less than you earn’ is shared clearly in this verse. You don’t need to make six figures to have a healthy savings account. In fact, I know plenty of people who make close to six figures or more, but don’t have a good financial outlook because they’ve given into a higher lifestyle, spending almost all they make. It’s just foolish not to save – no matter how much you’re making.

What are some ways that you’ve avoided financial foolishness? Can you think of any other warnings the Bible gives about a fool and his money?

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What is a person who loves money called?

Definitions of avaricious. adjective. immoderately desirous of acquiring e.g. wealth. “they are avaricious and will do anything for money” synonyms: covetous, grabby, grasping, greedy, prehensile acquisitive.

vocabulary.com - Avaricious - Definition, Meaning & Synonyms - Vocabulary.com

avaricious

Someone who is avaricious is greedy or grasping, concerned with gaining wealth. The suggestion is that an avaricious person will do anything to achieve material gain, and it is, in general, not a pleasant attribute. The Latin verb avēre, meaning "to crave" provides the groundwork for the word avaricious and its definition as "greedy or covetous." The adjective is applied to anyone who "craves" great wealth, and suggests that desire for personal gain is an overriding influence in the avaricious person's life. The widespread quality of this selfishness was cleverly noted by Voltaire, who wrote, “Men hate the individual whom they call avaricious only because nothing can be gained from him.”

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