Five essential biblical principles for managing your finances

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When my husband and I were working to pay off $250,000 of debt, we tried all the “practical” advice out there—budgeting apps, spreadsheets, side hustles. Some helped, but I often found myself overwhelmed and anxious. The real change didn’t come from a better tool or tactic. It came when I started looking at money through God’s Word and shift my mindset about money.

That shift—from self-reliance to biblical stewardship—was what helped us not only pay off debt but also save over six figures and live with peace. Scripture gave me a framework, not just for handling money, but for how to think, feel, and respond to it.

Here are five biblical principles that shaped our journey and can transform yours too.

1. Stewardship: remembering whose money it is

When Paul wrote, “Moreover, it is required of stewards that they be found faithful” (1 Corinthians 4:2), he wasn’t only talking about money. In context, Paul was speaking about his role as a servant of Christ and steward of the mysteries of God. The principle applies broadly: everything we have—our gifts, resources, money—belongs to God.

When we view money as God’s resource entrusted to us, the question shifts from “What do I want to do with this?” to “How can I be faithful with what God has placed in my hands?”

That mindset guards us from entitlement and leads us into worshipful stewardship.

2. Diligence: honoring God with your work

Proverbs often contrasts laziness and diligence. “A slack hand causes poverty, but the hand of the diligent makes rich”(Proverbs 10:4). The verse reminds us that diligence honors God.

In its context, Proverbs teaches that diligence isn’t just about financial gain—it’s about integrity and faithfulness in the work God gives us. Whether paid or unpaid, business or home, diligence reflects trust in God’s provision and care.

3. Generosity: giving flows from grace received

In 2 Corinthians 9, Paul is encouraging the church in Corinth to complete the collection for the saints in Jerusalem. He reminds them, “Each one must give as he has decided in his heart, not reluctantly or under compulsion, for God loves a cheerful giver” (v. 7).

Generosity is not about checking off a box or giving to get something back. It’s a response to the grace we’ve already received in Christ (2 Corinthians 8:9).

When we give freely and joyfully, we declare that our trust is in God, not in the size of our bank account.

4. Freedom: living without the weight of debt

Proverbs 22:7 warns, “The rich rules over the poor, and the borrower is the slave of the lender.” This wisdom is not a prohibition against all borrowing but a sober reminder: debt binds us, limits us, and shifts control away from us.

In practice, this means we should approach debt with caution, prayer, and a plan.

For my husband and me, freedom came by committing to live within our means, avoid lifestyle inflation, and chip away steadily at what we owed. The relief of being debt-free was not just financial—it was spiritual, freeing us to serve God without anxiety.

5. Wise counsel: walking with others

“Without counsel plans fail, but with many advisers they succeed” (Proverbs 15:22). This proverb highlights the importance of godly, wise input. In context, Proverbs contrasts the downfall of the fool with the flourishing of the wise who heed instruction.

When it comes to money, we weren’t meant to do it alone. Wise counsel might look like talking with a coach, seeking help from someone seasoned in financial stewardship, or joining a community of believers who encourage and sharpen one another.

• If you are ready to work with a coach, you can book a free call with me here.

• I’m also a member of an amazing group of female Christian entrepreneurs—if you’d like to learn more about that supportive community, click HERE (affiliate link)

The bigger picture: finances as worship

Managing money isn’t just about budgets or bank accounts—it’s discipleship.

Each decision reveals whether we’re trusting God or grasping for control.

When you view money through God’s Word, shame and fear lose their grip. You start to see money not as a master but as a resource entrusted to you for God’s glory. That’s where true financial peace begins.

If you’re ready to stop avoiding your finances and build a Christ-centered relationship with money, I’d love to walk with you.

Inside my 90-day coaching program, Biblical Money Mindset, you’ll learn how to apply these biblical principles through a proven framework that helps you shift your mindset, build fun stewardship habits, and find peace with money.

You can work with me through the full coaching program or the self-paced course option only, whichever fits your needs best.

Are you ready to start?

Let’s talk about what’s keeping you stuck and how you can step into financial peace with God’s Word at the center.

I hope this Five essential Biblical Principles for Managing your Finances will help you transform your relationship with money and reach your goals with peace.

Take care

Raina | Biblical Mindset Discipleship Coach AKA The Fun Money Coach