Material Possessions: Making Wise Financial Decisions

In our first unit of study, Keeping God-honoring Attitudes, we were challenged to have a pilgrim’s attitude, a steward’s attitude, a content attitude, a faith attitude, and a work attitude. All of which come from having a God-centered attitude.  In our second study, Becoming a Cheerful Giver, we were challenged to willingly honor God with tithes and offerings as God leads us.  This third unit of study will focus on Scriptural principles that will direct and guide us to make wise financial decisions.

Credit and Debt

1.      How should our debts be paid? ______________________

Romans 13:8

Psalms 37:21a

2.      Purchasing on credit should be done with ______________.

Proverbs 22:26-27

3.      What does purchasing on credit make you? _____________

Proverbs 22:7

4.      Does purchasing on credit presume on the future? _______

Proverbs 27:1

James 4:13-15

5.      What can purchasing on credit possibly demonstrate?

Matthew 6:11   _________________________

Philippians 4:19 ________________________

Lending

“A good man sheweth favour, and lendeth: he will guide his affairs with discretion” (Psalm 112:5).

1.      To whom can I lend with interest? ______________________

Deuteronomy 23:19-20

Psalm 15:5

2.      How should I lend to those who have need? ____________

Matthew 5:42

Luke 6:34-36

Co-signing

Is co-signing on a loan a wise thing to do? ______________

Proverbs 17:18

Proverbs  11:15

Proverbs 6:1-5

Savings and Investments

1.      Is saving money for future needs wise? _________________

Proverbs 21:20

Hebrews 13:5

2.      How can I limit and curtail my expenses? _______________

I Timothy 6:8

Proverbs 14:15

3.      How can I use my resources responsibly? ________________

Proverbs 12:27

Taxes

As Christians should we pay taxes to the government? ________

Romans 13:1-7

Matthew 22:16-22

Mark 12:16-17

Luke 20:24-25

Financial planning

1.      What should our goal be in financial planning?

I Timothy 5:8

Proverbs 27:22-27

2.      Should parents be concerned about leaving an inheritance to their children? _______________________

Note:  The word inheritance occurs in 203 verses in the Bible

Proverbs 13:22

Proverbs 17:2

Proverbs 19:14

Proverbs 20:21   cf. Luke 15:11-32 – Prodigal Son

3.        What must we guard our hearts against when it comes to an inheritance? ____________________________________

Luke 12:13-15

Acts 20:33-35

“The LORD knoweth the days of the upright: and their inheritance shall be for ever.” Psalm 37:18

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