Written by Jim Loscheider (Elder) on September 23, 2022.
Wise Financial Resources is a new ministry being launched at Alliance Bible Fellowship that provides curated resources from various trusted Christian authorities/experts at our church.
If you missed the first article, click here for the first 3 ways. Here are 3 MORE ways to exercise financial control:
4. Recognize that God isn’t behind every good deal.
Suppose you can afford it. Does that mean you should buy it? Self-control often means turning down good deals on things we really want because God may have better plans for His money.
5. Understand the difference between spending money and saving it.
Saving is setting aside money for a future purpose; it stays in our wallet or in the bank. It can be used for other purposes, including our needs or the needs of others. Money that’s spent leaves our hands and is no longer at our disposal. If we buy an $80 sweater on sale for $30, we’ve spent $30. If we think we’ve just saved $50, we simply don’t understand the concept of saving!
6. Look at the long-term cost, not just the short-term expense.
If something breaks, we pay to get it repaired. If we buy a new car, we fret about dents and buy insurance to fix them. Count the cost in advance. Everything ends up being more expensive than it first appears.
For more information, check out the links in our resource library. Remember, you’re not alone and God’s Word has a lot to say about how to manage what He entrusts to us.
This content is from Randy Alcorn’s book Money, Possessions, and Eternity.