Savings Tips

Ever struggle with how to be rich towards God AND save for the future?

Well, we’re actually to do both! In a parable, Jesus taught about a rich man whose life was taken from him. He said: This is how it will be with anyone who stores up things for himself but is not rich towards God. (Luke 12:21)

We’re actually to give before we save.

The Bible commends saving: Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest. (Proverbs 6:6)

The Bible simultaneously warns us against putting our trust in anything other than God; including our savings.

God revealed to Joseph the need to save during seven years of plenty to prepare for seven years of famine. Like Joseph and the ant, we need to save for future needs while ultimately trusting in God.

 Start with saving a minimum of $1,000 in an emergency account. Then, save the equivalent of 3 to 6 months of your salary. This account is a safety net not to be used for anything other than emergencies. Black Friday sales don’t qualify!

Save for the inevitable needs of home and car maintenance, car replacement, travel needs, vacation and retirement.

Give while saving. It keeps your priorities in check and prevents hoarding.

Set specific goals, post them where you can see them, and monitor your progress several times a year.

If debt is a problem that keeps you from saving, we recommend Christian Credit Counselors. For more information call the Crown Helpline at 800-722-1976 or visit online at crown.org/ccc