FINANCIAL

MANAGEMENT
It is the process of planning,
organizing, controlling and
monitoring financial
resources with a view to
achieve goals
Let us talk about money first…

What is money?
….medium of exchange
….as a store of value
…. Unit of account
 Reasons why we speak about
money
Spiritual Reasons
Luke 16:11
“So if you have not been
trustworthy in handling worldly
wealth, who will trust you with true
riches?”
…Our attitude towards money has
a direct impact on our relationship
with Jesus Christ
 ….Money is the biggest
competitor of Jesus Christ for
reign over our lives

….Our financial management

shows our inner spiritual
condition
….Money can be the main
reason for our spiritual poverty
and death
 PRACTICAL REASONS

….The Bible teaches about it

2,350 verses about money
500 verses about faith
500 verses about prayer
 The Words of Jesus Christ
…The sayings of Jesus about money
and possessions are more than
about heaven and hell together
Completion of Great
Commission
….Go therefore and make
disciples of all nations…
 Divorce and Family
Conflicts
….According to a statistics,
70% of all divorces are
because of the conflicts
that are related to finances
 MONEY TIPS FROM THE BIBLE

1.Set priorities
Prov.24:27 “Put your outdoor work
in order and get your fields ready;
after that build your house
 2.Make a Budget
Luke 14:28-30
“Suppose one of you wants to build a
tower. Won’t you first sit down and
estimate the cost to see if you have
enough money to complete?
29.For if you lay the foundation and are
not able to finish it, everyone who sees
it will ridicule you
30.saying,’This person began to build
and wasn’t able to finish”
 How to make a Budget
1.Note your net income-identify the
amount of money you have coming in
2.Create a list of monthly
expenses\Track your spending
3.Determine fixed & variable expenses
4.Total the monthly income and
expenses
5.Make adjustments to expenses
6.Set your goals
 3.Build an emergency Fund
Gen.41:34-36 – Let Pharaoh appoint
commissioners over the land to take a fifth
of the harvest of Egypt during the seven
years of abundance. They should collect all
the food of these good years that are coming
and store up the grain under the authority of
Pharaoh, to be kept in the cities for food.
This food should be held in reserve for the
country, to be used during the seven years of
famine that will come upon Egypt, so that
the country may not be ruined by the famine.
>setting aside money for future
emergencies-still holds true
 4.Avoid Debts
Prov.22:27 “The rich rule over the
poor, and the borrower is slave to the
lender”
 5.Diversify your Investment

Ecc.11:2 - Invest in seven ventures,

yes in eight, you do not know what
disaster may come upon the land’
 Make a Financial Plan
Proverbs 21:5 – Good planning and
hard work lead to prosperity, but
hasty shortcuts lead to poverty.
 Keys to Financial
Breakthroughs
1. Give your tithes faithfully and
consistently
2. Do not live beyond your means
3. Know and understand the
difference between wants and
needs
4. Buy only things that are
necessary
5. Give generously