For many families, learning how to manage a household budget is not only a financial necessity but also a spiritual practice. With the costs of groceries, housing and healthcare still being a struggle for many American consumers, it is a good time for believers to build a financial management model around sound biblical teaching.
I sat down with financial consultant, Scott Riggs, who specializes in helping Christians manage their finances under the guidance of Scripture teaches biblical financial principles at Bethlehem Baptist Church in Jacksonville, NC. His approach revolves around a four-part program, built around biblical teachings, highlighting practical ways families can approach money with wisdom, gratitude and discipline.
God Owns It All
In the first lesson of his program, Riggs has people looking at everything they have through the perspective of remembering everything belongs to God. The Bible calls for believers to avoid the trap of materialism and instead focus on contentment. The program encourages families to view money and possessions not as personal property, but as resources entrusted to them.
“Learning to be happy with what you have and steering clear of chasing after too much wealth is an important lesson for both adults and children,” Riggs explained. “It is important for believers to reflect on questions such as, ‘What does it mean to care for God’s resources rather than just pocket money?’”
Understanding the Burden of Debt
The second lesson of Riggs’ program looks at one of the most pressing issues in today’s households: debt. Using biblical principles, participants discuss how borrowing can create dependency and stress.
“The Bible teaches that debt makes us servants to lenders,” said Riggs.
To counter the temptation to go into debt, Riggs introduces people to techniques ranging from creating a budget and listing debts, to praying for strength and committing to live within one’s means. Riggs also stresses avoiding unnecessary credit card use and considering small ways to increase income like starting an investment account or taking on gig work.
It’s Okay to Ask for Help
In the third lesson of the program, the focus turns to community and counsel. Drawing from the book of Proverbs, which stresses the value of many advisers, the program encourages participants to seek advice from wise mentors or accountability partners who share their faith.
“Just as iron sharpens iron, having friends or advisers to guide financial decisions can make all the difference,” Riggs said. “ I also have families also practice role-playing conversations about asking for financial guidance to help break down the stigma of seeking help.”
Becoming a Good Steward
In the final lesson, Riggs provides people with a roadmap for everyday money management. He reminds participants that wise people save and plan ahead, while careless spending can lead to trouble. The program underscores the importance of balancing personal needs with generosity.
“I stress that families must build a faith-centered budget that is centered on saving consistently, working diligently and practicing generosity,” explained Riggs. “And above all, asking God for wisdom. Wisdom is more valuable than wealth, because it protects your life, not just your finances.”
Remembering That God Cares About Our Finances
Riggs’ program offers a blend of spiritual reflection and practical steps. The program leans heavily on Scripture, and its lessons on budgeting, debt reduction and saving are relevant across all households.
“Managing money isn’t just about numbers,” Riggs said. “It’s about honoring God, protecting your family and building a future that allows you to give back.”