Finance

Here are the Reasons Why We Need a Faith Based Perspective on Money:

💸 Although this scripture does not mention an emotional relationship with money, it is important to emphasize that many people use spending as a coping mechanism, thereby creating the term “retail therapy”. The instant gratification of purchases can elevate your mood.

💸 Stewardship is the ability to manage one’s resources in a moral manner. While spending can be fun, we still need to be good stewards of funds. This leads to the idea of poor stewardship. Poor money habits will keep you poor, even if your income increases.

💸 Poor stewardship creates a lack of trust. It will be difficult to provide more resources to a person who wastes them. If more resources are given, the poor steward’s irresponsibility would be further enabled.