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Our calling is not to shield us from challenges sometimes can be economic. Gen. 12:1-4,10; Ruth 1:1

The causes of economic hardship

  1. Famine – Gen. 12:10; Ruth 1:1
  2. War
  3. Leadership Problem – Prov. 29:2
  4. When God is angry with His people. Judges
  5. Indiscipline – Lk 15:14; 1 Peter 5:9

You must understand your purpose here. That we are faced with any of the above is not a sin but how soon we come out from it depends on our attitude and obedience to the word of God. Proverbs 21:16,17; Eccl. 2:20


  1. Oppression of others – Lev. 25:14-17
  2. Defraud not thy neighbour – Lev. 19:13; Prov. 15:27
  3. Doing merchandise with God’s people – John 2:16; Ezek. 39:7
  4. Covetousness – Josh. 7:21; Ps. 37:1; Prov. 15:27; Prov. 28:16; Luke 12:15; Heb. 13:5
  5. Self-pity – 1 Tim. 6:10; Heb. 13:5
  6. Burden to one another


Luke 16:1-13; Prov. 27:23-24; Prov. 21:5

We are called to be stewards, managers of God’s resources in such a way as to give account before man and God. God wants us to on our own part in ensuring that we keep our finances in check, most especially when times get tough.

  1. Make well documented budget or set up your goal and keep strictly to your budgeted plan. Eccl. 2:26. You can make personal or family budget. You can also make short term and long term budget. Give priority to children’s school fees and little savings for eventualities.
  2. Live below your means –Luke 15:14

You will be better off if you live below and not above your income.

  • Cut down on your electricity consumption
  • Find out stores where things are cheaper
  • Find out other areas to save
  • Cut down on travelling plans
  • If your expenses exceed your income, you will be living in debt. You must, therefore, cut down on your expenses.
  • Engage in useful labour/services. Prov. 12:24; Prov. 21:17,25; Prov. 13:4

Stop the attitude of depending on others, win honour and dignity to yourself by engaging in useful labour.

  • Avoid buying what you want, buy only what you need. Prov. 21:20 NLT
  • Pay off all existing debts. Free yourself from slavery by paying all your debt. Don’t borrow money on interest for personal wants that yields little or no income.
  • Start saving for the future. As little as 5% of your income. Do not despise the days of small beginnings. These savings may save you in the days of urgent and very important needs, like health or sickness, school fees, little investment to grant or add to financial support of the family. Gen. 41:35-36; Prov. 21:20
  • Giving. Mark 9:41; Prov. 21:26

We must give to the work of God and to one another.

  • Be thankful. In everything, give thanks. Mal. 2:2; 1 Tim. 6:10 Finally, Hebrews 12:1

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