Biblical Stewardship -Budget

Memory verse 1: Everything in the heavens and earth is yours, O Lord, and this is your kingdom. We adore you as being in control of everything.  1 Chronicles 29:11

Memory verse 2: “Just as the rich rule the poor, so the borrower is servant to the lender” Proverbs 22:7

Memory verse 3: “the way of the fool is right in his own eyes, but a wise man is he who listens to counsel” Proverbs 12:15

Memory verse 4: “you shall not steal, nor deal falsely, nor lie to one another” Leviticus 19:11

Memory verse 5: “whatever you do, do your work heartily, as for the Lord rather than for men” Colossians 3:23

Memory verse 6: for where your treasure is, there will your heart be also”   Matthew 6:21

Memory verse 7: ““steady plodding brings prosperity, hasty speculation brings poverty”  Proverbs 21:5

Memory verse 8: “train up a child in the way he should go, even when he is old he will not depart from it” Proverbs 22:6


Thanks for taking part in our study of biblical finance. This is the official last day. Today i want to show you a video of a sample budget. Budgets should be looked at every month, especially in the beginning as you get used to using one and as you may need to tweak things as you go along. Preview the video, and we will discuss further.



This budget was written in a very simple form, and this was written with the assumption that we don’t have our first step completed yet, $1000 in a savings account. We should review and redo our budget every month for best results, to ensure we are accurate and the numbers are realistic.

Once our $1000 has been reached, the budget needs to change to focus any money you were putting in the savings account to now be redirected to the smallest debt. So $0 to the savings, and at least the $225 added to the minimum payment of the smallest debt. Watch your debts begin to melt away. But be warned, this is hard work. You will be tempted to spend that money elsewhere. If you are serious about eliminating your debt, you need to stay focused. Short term pain for long term gain.


Let me share another couple ideas or tools that may help in your budgeting.

  1. open several bank accounts to help save for specific budget items.

If you are always dipping into the money being saved up for taxes or insurance, things that don’t get paid more than annually, it is a wise idea to open a separate account for each budget item like these, and have the money automatically distributed and deposited into these accounts when you get paid. For example, you may want to open a house insurance account, a property tax account, car insurance account, tithing account and even your savings account could be done this way. Have these accounts so that you cannot access them by debit card. Banks are more than happy to do this for you, and it’s a great way to manage your money if you cannot resist spending it if it’s in your account.


2. Use the envelope or jar system

One thing that needs to be mentioned about handling finances is that no matter what, it will require a lot of will power. We often use the jar system in our own budget when we feel we’ve been a bit too free with our spending or credit card use. The jar system is simple having a jar for each line of your budget. Write a label on the jar or envelope how much for each catagory goes into the jar when you get paid, and when the money runs out, that budget line is finished until the next pay cheque. As an example, if you put $300 in the jar marked “groceries”, you cannot spend anymore on groceries once the $300 is used up. And don’t steal from other jars. 🙂

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budgeting forms

Attached is some standard budgeting forms if you wish to use them.

We could talk about tons of scenerios about budgeting. Every household is unique, and income sources vary. But the bottom line is we need to get our finances under control and in a way that is honoring to God. Thank you for spending these weeks with me, may the Lord give you incredible wisdom, patience and self control as you take on this challenge. Have a great day everyone!

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