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Biblical Money Saving Tip for Entrepreneurs

Updated: Oct 26, 2021

Money is not evil. It is the love of money that is the root of all evil.

In the days of my ignorance, I have been caught in the web of financial embarrassment when my wife and my children need a small amount of money to do something important, and I could not provide for them financially!

How often we blamed the Devil for our ignorance and shifted the blame to others around us. This is not fair to God, not fair to those around you, and it is not fair to you as well.

The beginning is half done, so they say. To get to that beginning, you must use what you have to get what you need. Think within the box. There is much food in the land of a lazy man, only that he cannot think to break the ground.

The Bible says:

'A feast is made for laughter, and wine makes merry: but money answers all things.' - Ecclesiastes 10:19(KJV)

The full colon in the above Scripture tells you that both feast (for laughter) and the wine (that makes merry) result from money.

These days, the youth are so determined to make it in all legitimate ways possible; they use the slang 'Double your hustle' to project their struggle to get money.

When you finally get money in your hands, the first thing to do is not spending, but saving the money. Your ability to save money will determine your level of discipline, which in turn is a significant key to success.

Prior to the famine in Egypt, Joseph saved the grains grown in the land, despite a great desire to consume all the grains in one year.

The more you save, the more your financial base increases!

Joseph gave them the formula in Egypt - It worked then, and it will work now!

It is 50 - 20 - 20 - 10

  • where 50% of your income should go for recurrent expenditure,

  • 20% of your income should go for miscellaneous

  • 20% of your income should go for Savings

  • 10% of your income should go for tithe/giving

One more time, let it be known that the Bible never stands against money, but the love of money.

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