• Money Mistakes
  • Spending
  • Saving
  • Giving
  • investing

7 Things NOT To Do With Your Money In Uncertain Times

Rob West, Ron Blue, Howard Dayton and Steve Moore

Biblical personal finance veterans Ron Blue & Howard Dayton share some of the most common money mistakes people make in times of uncertainty.

They cover these seven things during their conversation:

1. Respond out of fear. Money mistakes can be made during times of uncertainty, and the first battle is fear.
2. Focus on what you can’t control. You can control what God puts in your hands as a steward. Use your budget/spending plan as you’ve planned and continue to reduce debt if possible. Then Ron shares the five more things to focus on.
3. Watch the daily moves of your investment accounts. Don’t watch the news or the ups and downs in your investment accounts 24/7. Focus on Bible study and gaining more biblical wisdom.
4. Cut your giving. They discuss some biblical examples of giving during a crisis. Look for opportunities to be generous and give.
5. Deviate from your long-term spending plan. If you have a long-term financial plan, stick to the plan and don’t react out of fear. Also, remember to trust God—not your investments.
6. Hide from your creditors. Keep an open dialogue with your credits if you’re having challenges paying your expenses. Be humble and honorable.
7. Ignore what God may be saying to you. Spend time with him and listen for his guidance and wisdom.

We have the daily opportunities to be salt and light to the world. Let's pay attention and trust him in our daily actions and decisions.

The Financial Hope Bible Study

Financial hope has nothing to do with how much or how little we have. It is solely dependent on whom we place our trust. This new Bible study devotional entitled Financial Hope: Find Freedom in Your Finances Through God’s Word explores what the Bible says about money and how we relate to it. Request your copy below when you send a gift of $25 or more to support MoneyWise.

Rob West

Rob's spent his professional life at the intersection of faith and finance. Rob is the host of the nationally syndicated radio programs MoneyWise Live, MoneyWise, and MoneyWise Minute heard on more than 1,000 radio outlets each day. He had led a successful faith-based financial services firm, and he currently serves as the President of Kingdom Advisors, a community of financial professionals who are specialists in delivering biblically wise financial advice.

Ron Blue

Ron Blue is the founding director of Kingdom Advisors and the author of nearly 20 books on biblical financial topics, including Never Enough? Three Keys to Financial Contentment. He has most recently created a small-group curriculum, God Owns It All. Ron is also chief executive officer of the Ron Blue Institute for Financial Planning at Indiana Wesleyan University. In 1979, he founded Ronald Blue & Co., the largest Christian financial planning firm in the country. He and his wife, Judy, have five children and thirteen grandchildren and live in Atlanta, Georgia.

Howard Dayton

Howard Dayton, founder of Crown Ministries and Compass – Finances God’s Way, leads an encouraging look into some of what makes Christian financial advising possible today – the God-ordained journey of several men in the late 20th century to delineate the Biblical distinctives on money. Hear his outline of God’s – and our – responsibilities, and learn from his answers to several frequently asked financial questions. The wisdom and godly grace that Howard shares make this a special time.

Steve Moore

Steve was born and raised in Rochester, NY where he began his broadcasting career. He worked at WYRD in Syracuse and then West Virginia Public Radio/NPR as a news reporter and Program Director. In 1985 at the urging of Dr. James Dobson, he joined Larry Burkett to help establish a radio ministry at Christian Financial Concepts.  After 23 years and after Larry’s passing, Steve then joined Compass-finances God’s way in 2011 to help Howard Dayton begin the daily syndicated radio program, MoneyWise.

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