How to Start Saving Money

“Put something aside for a rainy day.”

It’s an idiom that means we should reserve an amount of money for when we might unexpectedly need it. We call this saving.

The Bible encourages us to save and is loaded with great practical advice.

Joseph, as second-in-command to Pharaoh, was able to store seven years of produce during Egypt’s time of abundance. So when seven years of famine came, there was enough food for everyone. We call this the “Joseph Principle.”

Generally, we are not very good at saving money consistently. So, it can be helpful to automate our savings plan as much as possible.

One simple way of saving from our firstfruits is to set up an automatic deduction that transfers a portion of our income into a separate savings account. The Bible does not specify an amount, but Compass generally recommends working toward 10% of your income.

An emergency can present at any time. It is then that those “rainy day” funds will come in handy.

Saving also helps cultivate the fruit of the Spirit in our life as we seek God daily for His provision.

Be like the ant. Be wise. Save now and prepare for tomorrow.