MoneyWise Live | January 1, 2019

Why Can’t I Save Money?

Show Notes

Is saving a biblical principle?

We see the idea of saving affirmed in many places in Scripture as in Prov. 6:6-8  "Go to the ant you sluggard: consider its ways and be wise!  It has no commander, no  overseer or ruler, yet it stores its provisions in summer and gathers it food at harvest..." and in Proverbs 13:11 "Wealth gained hastily will dwindle, but whoever gathers little by little will increase it."  The idea here is that it's wise to save but we should also check out hearts to ensure that we don't trust in our savings.  This is not a replacement for ultimate trust in God as our source and provider. 

Why do we hear from so many people who have trouble saving money?

There are plenty of people whose income is far lower than their outgo… basically people below the poverty level. And while that’s a real concern and not one to be taken lightly… most of the people we hear from make enough money to save, but self-discipline is the main issue. It comes down to living within your means.
It’s critical to understand that it pleases God to have this area of your life in balance. Christians are supposed to be able to take care of their families and come to the aid of others in the church from time to time who may have needs.  Kinda hard to do that if you have no savings.

Remember everything you have belongs to God, not just what you put in the offering plate.  What we have comes from him and belongs to Him… we're supposed to be qualified managers who handle it well and find God’s plan and balance for our own lives.

  • Here are a few ideas to help you make some progress in this area:
  • 1. You need a plan. Without a plan, you’re spinning your wheels and have no idea where you’re heading and when you’ll arrive.
  • 2. You can’t go it alone.  If you’re married you’ll never be able to save if your spouse isn’t in favor of it.
  • 3. Don’t try to go cold-turkey! Be realistic and ask God for his help.
  • 4. Resolve in your heart that you will save something from every paycheck.
  • 5. Pray for some self control.
  • 6. Last, ask God to give you a heart of contentment.

Next, Rob and Steve tackle listener questions at 800-525-7000 and via email to on a variety of topics:

  • What are some of steps for buying your first house?
  • If you have a large 401(k) retirement plan, half in the market and the other half in an annuity, and daily expenses covered by Social Security, do you still need a 6 month emergency fund? 
  • If you're getting married soon and want to start saving, what are the first steps?  Master Your Money
  • If you have a $120,000 mortgage and $120,000 of student debt, which one should you "snow ball" more aggressively?
  • If you have problems with gambling that keeps you from saving, what should you do?
  • Is there a rule-of-thumb to figure the amount of retirement funds you should plan for?
  • How does God say you should prioritize your money with regard to family, dreams and giving?
  • If a debt reduction company claims you can "cut your debt in half", is this a biblical route and will it affect your credit rating?  https://www.christiancreditcou...

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