Discipline In Handling Finances

Do you lack discipline in handling your finances? 

Years ago, I met a business executive who earned nearly $200,000 a year, yet was constantly under financial stress. His salary would be double that today. The irony of the situation is that he had an undergraduate degree in accounting, a master’s in business administration and he worked as the Chief Financial Officer for a large company.  He was an outstanding professional at managing other people’s money – but not his own. Although a sincere Christian, he lacked the necessary discipline to manage his own finances. He spent more than he earned no matter how much his income increased. Discipline is a means of “training to act in accordance with rules.” You simply follow a structured program. The Bible stresses the importance of it. In Proverbs 12:1 it says, “Whoever loves discipline loves knowledge, but whoever hates correction is stupid.” Proverbs 13:18 says, “Whoever disregards discipline comes to poverty and shame, but whoever heeds correction is honored.”

If you’re not managing your finances well, make up your mind to get disciplined. Follow a program and seek to get out of the misery and bondage that keeps you trapped. Start today with one small step by changing your mind. Believe that God can transform your spending habits because He’s able! Ask Him to teach you how to act in accordance with His financial principles. He can enable you to spend less than you earn and to stick with a plan. 

Has the lack of financial discipline burdened you with credit card debt? I recommend Christian Credit Counselors. They’ll create a debt management plan that will work for you. For more information call the Crown Helpline: 800-722-1976 or visit online at crown.org/ccc.