Why Biblical Financial Stewardship Is Practical and Full of Wisdom

By Randell Tiongson on January 20th, 2025

When I first began to think seriously about money, I found myself overwhelmed by the sheer complexity of financial advice out there. From investment strategies to financial concepts, the options seemed endless and often conflicting. But then, I turned to the Bible—a source of wisdom I’ve relied on for guidance in so many areas of my life—and I was amazed at how practical and profound its teachings on money are.

What struck me most was how timeless and universal the principles of biblical financial stewardship are. They don’t require advanced degrees or intricate knowledge of financial systems. Instead, they offer simple yet profound truths that can help anyone, regardless of their financial status. Here, I want to share why I believe biblical financial stewardship is not just a spiritual ideal but also a practical approach filled with wisdom.

It Starts with Ownership

The first principle of biblical financial stewardship that transformed my thinking was the concept of ownership. Psalm 24:1 says, “The earth is the Lord’s and the fullness thereof, the world and those who dwell therein” (ESV). This reminded me that everything I have—my income, my possessions, even my abilities—ultimately belongs to God.

Recognizing this shifted my perspective. Instead of viewing money as something to hoard or control, I began to see it as a resource entrusted to me. This mindset encouraged me to handle my finances with care and intentionality, knowing I’m accountable for how I use them. It also freed me from the constant anxiety of ownership because I realized I’m a steward, not the ultimate provider.

Living Within Your Means

One of the most practical aspects of biblical stewardship is the emphasis on living within your means. Proverbs 21:20 states, “Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it” (ESV). For me, this was a wake-up call to practice self-control and avoid the temptation of overspending.

Living within my means didn’t just help me avoid debt; it also gave me peace of mind. I started budgeting, distinguishing between needs and wants, and learning to be content with what I have. Contentment, as 1 Timothy 6:6 says, “But godliness with contentment is great gain” (ESV). This principle has kept me grounded, especially in a world that constantly pushes consumerism.

Avoiding Debt

The Bible doesn’t forbid debt outright, but it warns against the dangers of becoming enslaved to it. Proverbs 22:7 says, “The rich rules over the poor, and the borrower is the slave of the lender” (ESV). This wisdom helped me understand the long-term implications of borrowing.

I used to think of debt as a necessary part of life, but the biblical perspective encouraged me to minimize it as much as possible. I started paying off existing debts aggressively and thinking twice before taking on new ones. The freedom I’ve gained from reducing debt is something I can’t put a price on.

Generosity as a Lifestyle

One of the most beautiful and challenging aspects of biblical stewardship is the call to generosity. Acts 20:35 reminds us, “In all things I have shown you that by working hard in this way we must help the weak and remember the words of the Lord Jesus, how he himself said, ‘It is more blessed to give than to receive'” (ESV). At first, giving felt counterintuitive, especially when I was trying to save and manage my resources. But as I began to practice generosity, I experienced its profound wisdom.

Giving taught me to trust in God’s provision. It also helped me break free from materialism and develop a heart of compassion for others. Whether it’s tithing, supporting a cause, or helping someone in need, generosity has become one of the most fulfilling parts of my financial journey.

Planning and Saving

The Bible also emphasizes the importance of planning and saving. Proverbs 6:6-8 points to the ant as an example of diligence and foresight: “Go to the ant, O sluggard; consider her ways, and be wise. Without having any chief, officer, or ruler, she prepares her bread in summer and gathers her food in harvest” (ESV). This inspired me to create an emergency fund and start saving for long-term goals.

Planning doesn’t mean I rely solely on my efforts. Instead, it’s about partnering with God in wisely managing what He’s given me. It’s a balance between faith and action—trusting God while also doing my part.

Avoiding the Love of Money

Perhaps the most important principle I’ve learned is to guard against the love of money. 1 Timothy 6:10 warns, “For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs” (ESV). This doesn’t mean money is bad; it’s about the attitude we have toward it.

I’ve learned to see money as a tool rather than an end goal. It’s a resource that can be used to glorify God, bless others, and provide for needs. Keeping this perspective has helped me avoid the trap of greed and maintain a sense of purpose in my financial decisions.

A Life of Peace and Purpose

Embracing biblical financial stewardship has not only improved my finances but also enriched my life in ways I didn’t expect. It’s given me a sense of peace, knowing I’m managing resources according to God’s principles. It’s also provided a deeper sense of purpose, as I’ve seen how financial faithfulness can make a positive impact on others.

The wisdom of the Bible is timeless, and its principles are as relevant today as they were thousands of years ago. Whether you’re struggling with debt, trying to save, or looking for a way to give back, I believe biblical financial stewardship offers practical guidance and profound wisdom for anyone seeking to honor God with their finances.

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One thought on “Why Biblical Financial Stewardship Is Practical and Full of Wisdom”

  • God provided the Biblical principles through His Word. He expects our action in order to fulfill His purposes in our lives.

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Why Biblical Financial Stewardship Is Practical and Full of Wisdom