You would be surprised at how freeing it is to have sufficient savings accounts. I have heard people say, “Saving is not having faith that God can provide.” My Bible says that faith cometh by hearing and hearing by the word of God (Romans 10:17). Therefore, not following God’s word is falling short of faith. What did God say? Proverbs 6:6-8 (MSG) You lazy fool, look at an ant. Watch it closely; let it teach you a thing or two. 7 Nobody has to tell it what to do. 8 All summer it stores up food; at harvest it stockpiles provisions.” Sounds like savings to me! So, if I am to operate by faith, I need to operate with a mindset of stockpiling (saving). You never know what God may require of you but being prepared is the first step future obedience.
Next, we must plan for tomorrow today. Do you realize that even Jesus gave us this principle in what is now known as the Lord’s prayer? “Give us this day our daily bread.” That literally means, give me today what I have need of for tomorrow. When you’re married, you may depend on your spouse’s income to help pay the mortgage and other living expenses. No one wants to think about tragedy or loss, but you should discuss with your spouse a game plan if something unexpected should happen. While nothing can replace a spouse, a term life insurance policy protects your family if something should happen. I have people say to me all the time, “but Pastor I believe God is my assurance, therefore I don’t need life insurance.” Isn’t it funny that the same people have insurance for the cars, homes, jewelry, etc. and yet the greatest asset (their ability to earn and income) they do not protect? Listen, if you can’t believe God for the few dollars a month it takes to protect your family with life insurance, you won’t be in a position to believe God for your life.
Term life insurance is almost always your best choice. In addition to considering a life insurance policy, it’s important to talk about each other’s wishes if one of you should die. A will gives legally binding instructions for the distribution of your property and the care of your children if you pass away. Don’t let the government decide what happens to your assets or especially your children. Get a will in place.
I trust these last few blogs have been helpful. I look forward to the next time we explore finance together.