August 11, 2011

Where are the dollars and sense?

It’s astounding that on August 1, 2011 our government had run up a debt of roughly 14.3 Trillion Dollars. In an effort to make cuts in the budget and “not run up more debt” they make a whopping 1% cut! Then to not default on our debts, what do they do? They “Raise the Debt Ceiling” …again. Who out there thinks this makes any sense whatsoever?

But rather than point the finger at the government, how many of you operate your finances in the same manner that our political leaders in Washington do? No one I hope! Our country is in a tough spot. Our fiscal irresponsibility, spending addictions and entitlements have created a balance sheet that is unsustainable. If we were to run our own households in this fashion, not only would the Lord be displeased… we would find ourselves broke and begging for help.

Not one business in our nation could operate financially the way our government does, it just can’t happen. At least not for long. It isn’t rocket science… it is accounting! But it is hard for both the government and ourselves to spend within our means.

Did you know that there are over 2000 references in Scripture to money and possessions whereas faith and prayer, certainly important topics, receive about 500 mentions? We often put money and possessions on the back burner when we consider what’s important to the Lord, but obviously it’s an important issue based purely on how often God’s Word speaks to these issues.

  • What are your financial goals?
  • Are you operating your finances in a God honoring way?
  • What are you aiming for?
  • Do you have a budget?
  • Do you stick to it?

If you have no goal you will hit it every time!

Goal setting is common-place among education, sports and business. But for some reason goal-setting with one’s personal finances is not as common as you might think for most families. Setting financial goals allow you to make realistic decisions about what the Lord wants you to do with the money HE has entrusted to you and what steps you must take to reach those goals. Since Scripture speaks about money and possessions more than any other topic, we’re making a mistake if we don’t give them the same goal setting emphasis that we give other areas in our life.

Next article in this series will cover the six essential elements of Biblical financial goal-setting.

– Article contributed by Tim Chastain, Director of Men’s Teams for the Master’s Men ministry.