Money Matters: Devotions from Time of GraceНамуна

Saving Money God’s Way: Manage Risk

The first decade of the 21st century was certainly a miserable financial experience for many people.

People who gambled too much money on new Internet stocks were scorched when the dot.com bubble burst. People who shouldn’t have been able to buy a home were given no-document/no-money-down loans. People who had only hazy notions of home financing signed up for adjustable-rate mortgages and then reacted in panic and dismay as the rates automatically adjusted upward (an escalator you don’t want to be on).

The point: watch what you do; weigh what you do; wrestle down your exposure to risk as low as possible. Never forget: “The borrower is servant to the lender” (Proverbs 22:7). The more debt you have, the more of a slave you are. Make friends with some certified financial planners and listen to them. They are probably smarter than you. Never get into a financial contract or investment that you don’t fully understand.

Take your time. Think first. Look at the examples of others. Consider the impact of your actions on your family. Explain to God what you are planning and listen to how your words sound in his presence.