1. July 23, 2013 1

2. Introduction
There are many references in the
Bible regarding the importance of
money. However the Bible also
warns us about coveting after
money, which is the root of all evil.
July 23, 2013 2

3. Ecclesiastes 7:12
For wisdom is a defense as
money is a defense, But the
excellence of knowledge is that
wisdom gives life to those who
have it. (NKJV)
July 23, 2013 3

4. Ecclesiastes 10:19
A feast is made for laughter, And
wine makes merry; But money
answers everything. (NKJV)
July 23, 2013 4

5. 1 Timothy 6:10
For the love of money is a root of
all kinds of evil, for which some
have strayed from the faith in their
greediness, and pierced themselves
through with many sorrows. (NKJV)
July 23, 2013 5

6. Haggai 2:8
'The silver is Mine, and the gold is
Mine,' says the LORD of hosts.
(NKJV)
July 23, 2013 6

7. 1. The Importance of Money in
Every Venture
a. Money is the medium of
exchange for everything
b. As long as we live in this world,
it is indispensible
July 23, 2013 7

8. 2. Attitude to Money in the Home
a. Discuss money openly. Aim at
transparency/openness in
everything, especially in money
matters
b. Avoid selfishness.
July 23, 2013 8

9. c. Note that you both are the
stewards of God’s money.
i. Spend it according to God’s
wishes and God’s Word.
ii. You are accountable to Him
July 23, 2013 9

10. d. Manage your finances properly
by budgeting. These are the areas
that can guide you.
God first ( first fruits (tithes),
offerings)
Savings or some investments.
Addressing your NEEDS, not
your wants.
July 23, 2013 10

11. Extra (miscellaneous) to afford
for flexibility.
Liabilities/obligations (debts,
bills, remittances, blessing
others).
Buying food in bulk saves
money and reduces financial
stress.
July 23, 2013 11

12. 3. Understand the Reality of Money in
the Family
a. The mode of its operation must
be discussed and mutually
agreed upon.
b. The husband must not be
detached from realities while the
wife must not also be prodigal in
her spending
July 23, 2013 12

13. 4. Understand Financial Headship
a. Headship of the home extends to
finances as well. Therefore, no
matter who earns more, the man
must rule the finances of the home
with wisdom and fairness.. He
must have a clear vision or
foresight for the home to better of
the family, e.g. plans to own a
home someday.July 23, 2013 13

14. b. As a financial head, he must
avoid stinginess, meanness, and
irresponsibility.
July 23, 2013 14

15. 5. Avoid Lack of Money
Lack of money must not be a
permanent situation in the home. It
is important to be mindful of the
potential problems associated with
lack of money, such as tension,
quarrels, misunderstanding,
mistrust, suspicion, etc. These should
not necessarily occur in your home.
July 23, 2013 15

16. 6. Know the Danger of Covetousness
 This condition normally arises
when wives/husbands compare
their property or children with
those of others. It leads to:
 Dissatisfaction in the
husband/wife
July 23, 2013 16

17. Unreasonable demands being
made
Murmuring
Misspending
Borrowing to maintain a certain
lifestyle
July 23, 2013 17

18. 7. Know the Dangers of Comparison
a. Don’t compare yourself with any
other family.
 2 Corinthians 10:12
 For we dare not class ourselves or
compare ourselves with those who
commend themselves.
July 23, 2013 18

19. But they, measuring themselves by
themselves, and comparing
themselves among themselves, are
not wise. (NKJV)
July 23, 2013 19

20. b. Accept realities in life. Don’t
keep yourself away from realities.
People under you will suffer as a
result. Be an informed person.
July 23, 2013 20

22. The following percentages will
give you good rule of thumb for
what you should be spending as a
percentage of your income on
some of the major budget
categories:

23. 1. 25% - Housing
Spend not more than 25 % of net
income on housing. That includes
mortgage or rent, insurance and
home maintenance.

24. 2. 25% - Food
All food components including any
snacks, used by the individual or the
entire family must not exceed 25%

25. 3. 10%- Clothing
All issues of clothing including salon
and the barber.

26. 4. 10% -Transportation .
Spend no more than 10% of net
income on transportation. That
includes car payments, motor
insurance, license, maintenance, fuel
and parking, matatu fare, etc

27. 5. 5% - Relatives
We cannot ignore our relatives as
this is our social responsibility. Set
aside 5% to facilitate the relatives.

28. 6. 5% - Health and Education
Spend no more than 5% of net
income on this. When you young, use
5% or more on developing your career
. As you grow older you will need to
spend this money on your health.

29. 7. 5% - Services
Spend no more than 5% of net
income on this. This includes
telephone, water, electricity, gas, etc

30. 8. 5%- Domestic
i.e. House help or caretaker. The
people who work for you must be
taken care of properly since they take
care of you, your family and property.

31. 9. 10% - Savings/Investments
This is the amount that can
transform your future particularly if
it is invested.
Save/invest at least 10% of income
throughout your working life.

32. When you are young, you boost
your savings/ investments to higher
levels by forfeiting some things
that are not very important. In my
mother tongue we say that as you
age, you will depend on you had
invested when you were young.
July 23, 2013 32

33. DON’T EAT EVERYTHING AS YOU
WILL REGRET LATER ON IN LIFE.
The key word here is INVEST.
July 23, 2013 33