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Budgeting Is a Virtue

The real reasons God cares how you manage your money.

Many people don’t realize just how much the Bible has to say about money. Scripture actually has more than 800 verses that talk about the subject. My dad, Dave Ramsey, says you can read Proverbs and get a master’s degree in personal finance.

If you think about it, why wouldn’t God give us instruction on how to manage money? He knew issues like greed, indulgence and materialism are capable of wrecking our relationships and generally just destroying our lives.

But this is the interesting thing about personal finance: A lot of the college students and young professionals I talk to don’t think of their checking account in spiritual terms. It’s the same thing with my dad—he’s been talking to people on his radio show for years, and the whole God and money connection just hasn’t clicked for them yet.

And that’s usually why they call him. They’ve got $35,000 of credit card debt, two $400/month car loans, an underwater mortgage, student loan payments and no money in savings or retirement.

Some of the young twentysomethings I talk to are already bogged down in student loan debt, just out of college and working a low-income job that hardly pays the bills. Not exactly a great way to start a career, is it?

One of the most powerful verses about money is Proverbs 22:7: “The borrower is the slave of the lender.” Many people don’t see personal finance through that lens, but that’s really what they are—slaves to a master, whether it’s MasterCard, Visa, Sallie Mae, Wells Fargo or their brother-in-law down the street.

But change doesn’t just happen. If you keep doing what you’ve been doing, then you’ll keep getting what you’ve been getting. Change starts with a plan.

In Luke 14:28-30, Jesus makes it pretty clear. He says, “For which of you, intending to build a tower, does not sit down first and count the cost, whether he has enough to finish it—lest, after he has laid the foundation, and is not able to finish, all who see it begin to mock him, saying, 'This man began to build and was not able to finish'?"

Proverbs 27:23 puts it like this: "Be diligent to know the state of your flocks, and attend to your herds." In other words, have a clue!

That starts with a budget. Whether you’ve got a lot of debt or you’re cruising through life debt-free, you’ve got to have a plan. A budget is simply telling your money what to do instead of wondering where it went.

A lot of people get into financial trouble because they don’t keep track of what’s going in and coming out of their checking account. They just wander through life without a plan, until one day they get smacked in the face by a bunch of crazy collectors on the phone or a foreclosure notice from the bank. That’s not a situation you want to face.

With a budget, you’re spending everything on paper, on purpose, before the month begins. And if you believe you are simply a steward of everything that passes through your hands—that it all belongs to God anyway—then you understand budgeting really isn’t an option. It’s a necessity.

That’s what the Bible is talking about when it says to “count the costs” and “be diligent.”

You’re managing God’s resources, not your own. Thinking about money that way changes your perspective. You go from holding your money with a closed fist to holding it with an open hand.

One thing I love about college students and young adults today is their passion to get involved with social issues and causes. That’s really what the “open hand” mentality is all about. You’re not stressed and selfish about money, so you can give some of it away.

That mentality feeds into your entire life. You have a more service-oriented approach to everything you do—at your job, at school, at church, in your community. You just become an all-around nicer person.

That’s what purposeful giving does to you. And that’s what making a plan with your money allows you to do. Of course, you’re saving money and building a foundation for your own future, but you’re also willing to help out and get involved where there’s a need.

There’s nothing wrong with wanting to make money. Paul didn’t warn Timothy about the evil of money. Instead, he said, “The love of money is a root of all kinds of evil” (1 Timothy 6:10, emphasis added). It’s perfectly fine to want money; it’s a whole different issue to make that your main priority in life.

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And I think that’s how a lot of people—both young and old—have made some financial mistakes. Instead of viewing themselves as stewards, they see themselves as owners. Their grip on stuff—the house, the car, the boat, the furniture, even the Xbox—keeps getting tighter and tighter. The irony is that the tighter they grip, the more likely they are to lose it all. And, in reality, they won’t keep it all anyway.

But that’s the backward way we think sometimes. Really, it all comes back to the fact that God owns it all in the first place. When that’s our focus, it’s easier to budget, to give, to save, to invest. We’re taking care of His stuff.

So you can wander through life without a plan for your money if you want to, but get ready for financial stress—because it’s coming. Take my word for it—better yet, take the Bible’s word for it: There’s a much better way.

Growing up as Dave Ramsey's kid, Rachel Cruze learned the basic principles of money at an early age. In the past year alone, Rachel has delivered those same principles, in a personal and passionate message of money and hope to more than 100,000 teens and young adults across the country. To find out more about Rachel, visit



Shaun Somers commented…

Great article! So true that so many lack any kind of a plan for their money.
Following Dave Ramsey's advice got our family out of the cycle of debt dependence. I became a Financial Coach through his program and now I help others reach financial peace (just started another FPU class last week, actually!)


FemmeFuel commented…

I owe so much of my current financial sanity to taking your dad's class. For so long, I didn't track what I spent, and I was a horrible steward with God's money; I lived unnecessarily under tremendous financial and personal stress. Once I realized I was handling God's money, everything changed. I exchanged my tight (yet irresponsible) fist for the open hand, and God was able to bless others through me. So thrilled to hear that you are taking this message to our generation.



Believej316 commented…

Question though, how does this apply to provision when you are a missionary say and you have not concrete money coming in? It makes it difficult to budget, you see God's provision but it is sometimes in odd last minute ways. This all makes a lot of sense for when we are trapped in our lust for money but what of how it applies to those who have support raised lives, pastors, missions& NGO workers etc. Money is still a necessity and the relationship is still difficult but in different ways. I suppose I am also asking if you can recognise that in this world we need money to function and yet be free from it as well.


Ashleigh Dean commented…

thank you, thank you, thank you. I appreciate your way of writing this - it was so encouraging! I just graduated from college and have loans to pay off (after grad school, which I have full scholarship for). I feel like my education was SO worth it, and I know that I don't want to be paying loans for 10 years, so I am going to work hard to save now to pay them off quickly. Thanks again for the encouragement and the great passages in the Bible!


allandthompson commented…

I think I need to play devil's advocate. I find this to be pretty anachronistic. The authors of the scriptures were writing 2000 years ago give or take to people living under an incrediblyoppressiveempire. While I think the economic ideas expressed in the bible, I am not convinced you can extrapolate those principles to a 21st century capitalistic society. I think some ideas are good like giving to the point were you hurt and then give more. Help the poor and the destitute. But On the whole, I am not sure the Bible is super applicable to the financial world of today.

I also fear that this message can lead to people thinking the poor are somehow less blessed than people who are good with their money. That is completely at odds with the scriptures both OT and NT. This mindset can lead to a severe lack of support for the poor (look at the GOPs biblical message) and also to Christians hoarding for themselves.That being said, Dave Ramsey's message is clear and definitely needed in this day age but it is his advice. Not the Bible's. That is totally ok, just don't say something and then throw the scriptures to back it (ok, ok, ok, I do that all the time. I am sorry. We all do that.)

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