How Cryptocurrency Is Changing Church Giving for the Better
Read this article for the definitive guide on giving and receiving cryptocurrency gifts at your church.
November 20, 2019
What does the Bible say about saving? What does the Bible say about investing? In this post, we explore 30+ Bible verses about saving money and investing to answer your questions.
May 2, 2018
Living on the edge is a phrase often tossed around as a joke in conversations.
But for most people in the United States, they’re living on the edge financially, and this isn’t a laughing matter.
According to a recent study by GOBankingRates, more than half of Americans (57%) have less than $1,000 in savings. Not only is this the case, but according to Bankrate, 57% of Americans also don’t have enough money saved to cover a $500 unexpected expense.
Not having enough money in the bank is more than a mathematical problem. A lack of savings can also cause significant stress, which can lead to a host of problems, such as:
If you find yourself in this situation, know that you don’t carry your money burdens alone. In Christ, you can run into the open arms of your Heavenly Father who will lovingly embrace you, forgive you, and help you to get out of your situation.
Regardless if you’re in a financial mess or if you’re just interested in learning more about what the Bible says about saving and investing, you’re in the right place.
In this post, we’re going to walk through several points and questions, including:
Alright, let’s take a look at over 30 Bible verses on saving and investing your money!
Saving includes reducing expenses and setting aside money for future expenses.
For your household budget, you can save money by reducing your expenses. From cutting the cable to limiting the number of times you eat out or buy coffee, there are countless ways you can save your money.
What is more, there are many things in life you will not be able to pay for with cash or on an impulse—like buying a home. You’ll need to make a plan to save money and set aside how much you’ll need.
There are many reasons why you may need to save money. But here are common things you may need to set aside cash for in the future:
Saving money isn’t complicated in theory. But saving money for the future can be challenging. From overspending and financial setbacks to incurring a massive amount of debt and simply just not making enough money, there are a variety of hurdles you’ll have to overcome potentially.
As a follower of Christ, knowing what the Bible says about saving is essential to managing your financial resources. Stewardship in the Bible is one of the most prevalent themes in the Bible, and for good reasons, too. How we manage our money is a thermostat in our relationship with God.
Before you read the Bible verses about saving money below, cut back your expenses, or set aside another dollar, it’s essential to remember this about money:
Worship with your wealth, but don’t worship your wealth.
This phrase is more than a punchy platitude. This phrase is rooted in the Apostle Paul’s words to Timothy: “As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy” (1 Tim. 6:17, emphasis mine).
The evil of money is no respecter of persons, and the temptation to sin with money is not reserved for the rich alone. Yes, you may be tempted by the seduction of success and always want more, but you may also fall victim to desiring (coveting) what others have.
In both of these scenarios above, hope is misplaced in money and possessions, and not in God. There’s a big difference between the two, and your bank statements will give you a non-judgmental view of your heart.
Now, even though we shouldn’t worship wealth, God leads us to worship with our wealth.
From tithing in the Bible to talking about stewardship in the Bible, God has revealed his will for the way he would like to manage our money for his glory and our good.
When it comes to saving and investing, God doesn’t hold back. Instead, he provides a ton of practical and relevant advice we can follow to save and invest our money well.
There are many Bible verses about saving money full of practical advice. You're not going to find a hidden secret to saving or investing money you can unlock to gain untold riches. But you’ll learn everything you need to know and more to manage your money well.
We put together 20 scriptures on saving money that will guide you in your finances.
In Genesis 41:34-36, we read, "Let Pharaoh proceed to appoint overseers over the land and take one-fifth of the produce of the land of Egypt during the seven plentiful years. And let them gather all the food of these good years that are coming and store up grain under the authority of Pharaoh for food in the cities, and let them keep it. That food shall be a reserve for the land against the seven years of famine that are to occur in the land of Egypt, so that the land may not perish through the famine.”
In this passage, God revealed to Joseph that Egypt was going to experience a significant famine. The availability of food was going to be scarce, and, if they didn’t plan for this event, the people of Egypt would starve.
God will most likely not provide you with such a clear picture of your future like he did for Joseph and Egypt. But what we see in Bible verses about saving money is God’s will for us to save for our future, which includes expenses we should expect, like college and retirement, as well as costs we didn’t plan for, like a car breaking down or fixing a leak in your house’s roof.
To help you prepare for your future, here’s what the Bible says about saving money and planning:
"Trust in the LORD with all your heart, and do not lean on your own understanding. In all your ways acknowledge him, and he will make straight your paths.”
"Go to the ant, O sluggard; consider her ways, and be wise. Without having any chief, officer, or ruler, she prepares her bread in summer and gathers her food in harvest.”
"Every prudent man acts with knowledge, but a fool flaunts his folly.”
"The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.”
"Prepare your work outside; get everything ready for yourself in the field, and after that build your house.”
"For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it?”
“Do not be anxious about anything, but in everything by prayer and supplication with thanksgiving let your requests be made known to God.”
Saving for your future doesn’t happen by accident.
If you have a fever to save money, you don’t need more cowbells.
What you need is diligence.
In other words, you not only need to make a plan to save for the future, but you have to work your plan consistently. Basically, you have to cut expenses and set aside money in some sort of fund.
In Bible verses about saving money, God often contrasts diligent people with lazy people.
In general, the diligent person—who we should exemplify—is spoken of favorably by God and is the person who gets ahead financially.
When it comes to talking about laziness, God doesn’t mince words. What we’ll observe in the scriptures about saving money below, God uses strong words to confront people who struggle with being idle, and he lets it be known that not working is one sure way you’ll end up in poverty.
"A slack hand causes poverty, but the hand of the diligent makes rich. He who gathers in summer is a prudent son, but he who sleeps in harvest is a son who brings shame.”
"The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.”
One key found in Bible verses about being smart with money is consistency.
When it comes to saving money, consistently setting aside something every month (even if you think it’s little) can lead you to reap huge benefits in the future—especially if you start at an early age—thanks in large part to something that’s called compound interest.
As you prepare to save, feel free to start small. Fight the pressure of making big changes or not feeling like you should save at all if you can't set aside as much as you would like.
"Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.”
“A faithful man will abound with blessings, But whoever hastens to be rich will not go unpunished."
"On the first day of every week, each of you is to put something aside and store it up, as he may prosper, so that there will be no collecting when I come."
In a recent survey by CareerBuilder, the vast majority of Americans (78%) live paycheck-to-paycheck.
For some of you reading this, you may not really be able to do anything else at the moment. From just getting started in your career to simply not making enough money, there are different reasons why you have to live check-to-check and don’t have enough money leftover at the end of the month to save.
Now, for others reading this post, you’re just spending too much money. American credit card debt is more than $1 trillion, and according to one study, Americans said their worst financial habit was "spending too much on things they don’t need.”
Another essential lesson we can learn from Bible verses about saving money and Bible verses about debt is to spend less and save more. So, instead of spending paycheck-to-paycheck, make plans to save paycheck-to-paycheck.
"Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it."
“The rich rules over the poor, And the borrower is the slave of the lender.”
“Why do you spend your money for that which is not bread, and your labor for that which does not satisfy? Listen diligently to me, and eat what is good, and delight yourselves in rich food.”
“And he said to them, ‘Take care, and be on your guard against all covetousness, for one’s life does not consist in the abundance of his possessions.”
“Owe no one anything, except to love each other, for the one who loves another has fulfilled the law."
“Keep your life free from the love of money, and be content with what you have, for he has said, ‘I will never leave you nor forsake you.’"
The idea of investing money is easy: You contribute money to an account or endeavor with the goal of making a profit.
There are several ways you can invest your money, but that’s not the goal of this post. The aim of what’s to follow is to share with you what the Bible has to say about investing.
In Bible verses about investing, we observe similar cautions as above, practical advice for investing, and a new concept: Investing in God’s Kingdom.
Before we dive into the practical advice the Bible has to offer about investing, let’s take a moment to review what it has to say about investing in God’s Kingdom, which is another essential lesson on stewardship in the Bible you don’t want to miss.
In the verses below, we’ll see that investing in God’s Kingdom does include being generous with our money. But we’ll also see that investing in God’s Kingdom is not limited to what we do with our money alone.
The Bible says that we will receive “rewards” for a variety of reasons. From facing persecution (2 Tim. 4:8) to serving Jesus (Heb. 6:10), God will reward his disciples with treasures in heaven.
So, yes, be generous with your money by investing in God’s Kingdom through supporting your local church and tending to those in need, but also seek to live your life for the glory of God and the good of others.
“Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal.”
“The one who receives a prophet because he is a prophet will receive a prophet’s reward, and the one who received a righteous person because he is a right person will receive a right person’s reward. And whoever gives one of these little ones even a cup of cold water because he is a disciple, truly, I say to you, he will be no means lose his reward."
"Sell your possessions, and give to the needy. Provide yourselves with moneybags that do not grow old, with a treasure in the heavens that does not fail, where no thief approaches and no moth destroys. For where your treasure is, there will your heart be also.”
"He who plants and he who waters are one, and each will receive his wages according to his labor.”
"Therefore, my beloved brothers, be steadfast, immovable, always abounding in the work of the Lord, knowing that in the Lord your labor is not in vain."
"As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy. They are to do good, to be rich in good works, to be generous and ready to share, thus storing up treasure for themselves as a good foundation for the future, so that they may take hold of that which is truly life."
"Watch yourselves, so that you may not lose what we have worked for, but may win a full reward."
Biblical investing is not about accumulating wealth for the sake of financial gain alone. We are called to be good stewards of the resources we gather, and investing our money for our present and future needs is one part of being a good steward.
Below are 10 verses on what the Bible says about investing. Don’t think of these as biblical investment strategies per se. Instead, consider them like beacons of light pointing you in the right direction.
Regardless of where you fall in your belief about tithing in the Bible.
As a disciple of Christ, you will be transformed into a generous giver. In your investments, fight the temptation to invest solely in yourself, and remember to honor the LORD who has given you the ability to create wealth.
"Honor the LORD with your wealth and with the firstfruits of all your produce; then your barns will be filled with plenty, and your vats will be bursting with wine.”
"Bring the full tithe into the storehouse, that there may be food in my house. And thereby put me to the test, says the LORD of hosts, if I will not open the windows of heaven for you and pour down for you a blessing until there is no more need.”
“No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money."
The Internet provides instant access to many free articles you can read, videos you can watch, or advice you can listen to about saving and investing your money. After consuming several resources about financial management, you'll be more informed about your money. But this doesn’t mean that you’re necessarily qualified as an expert financial advisor.
When it comes to investing your money, you have access to tools to do it yourself, and this isn’t necessarily a bad thing. However, the Bible does encourage us to seek advice from trusted and experienced advisors who can help us to invest our money wisely.
"The way of a fool is right in his own eyes, but a wise man listens to advice."
"Whoever despises the word brings destruction on himself, but he who reveres the commandment will be rewarded."
"Without counsel plans fail, but with many advisers they succeed.”
Coming into a lot of money may sound nice on the surface, and it may be a blessing, but there are really no positive examples of gaining wealth quickly in the Bible. For most people who come into a lot of money overnight, such as an inheritance, lawsuit, or gambling, may not have the ability to manage the funds they receive well.
Avoid get-rich-quick schemes like the plague, and don’t concern yourself with becoming wealthy overnight. Follow the principles of saving and investing consistently, and you’ll be well on your way to setting you and your family well financially.
"A faithful man will abound with blessings, but whoever hastens to be rich will not go unpunished.”
For investing your money, you’ve probably heard it said before, “Don’t place all of your eggs in one basket.” Diversifying your income and investments is a great way you can protect yourself from financial ruin or losing everything if one thing doesn’t work out.
"Give a portion to seven, or even to eight, for you know not what disaster may happen on earth.”
Does the investment you want to make glorify God? Or is what you’re about to do dishonor the LORD?
To help you think through your decision, here are some questions you can ask:
When investing your money, to the best of your ability, strive to glorify God in what you invest your money into.
"So, whether you eat or drink, or whatever you do, do all to the glory of God.”
"And whatever you do, in word or deed, do everything in the name of the Lord Jesus, giving thanks to God the Father through him."
Honestly, I don’t know, and I think I’m legally obligated not to say.
After you study the Bible verses about saving money and investing listed above, you’ll be well on your way to understanding some of the best financial management practices.
To figure out how much money you should specifically save and invest to meet your goals, it’s best to seek the advice of a trusted financial advisor. He or she will be able to point you in the right direction.
In the meantime, I hope this article helps you to work through how you save and invest your money.
What verse from the Bible do you use as a guide for saving and investing? Share your favorite one in the comments below.
In a previous blog post, I shared the different ways your church can thank donors—from automated emails to year-end giving reports. Printed donation letters also play an essential role in your church’s stewardship efforts.
Donation letters are the Swiss Army knife of your church’s gratitude arsenal. It may not be the most powerful—but it’s versatile, handy, and gets used often.
Your basic church donation letter can serve many different purposes, including:
A single, well-crafted donation letter can pull together several of these things simultaneously. Better donation letters lead to more giving, which leads to more donation letters—thus creating a cycle of on-going church generosity.
Here’s the good news—you don’t have to write an individualized letter for every person who gives to your church. That would be tough to do for even smaller churches. And most donors don’t expect you to. They’d rather you be putting their gift to better use in the community, instead of ceaselessly writing thank you notes.
With the possible exception of some unique circumstances, your church can use template language for the majority of your church donation letters. You’ll have to add in custom details like the donor’s name and gift amount, but you can write everything else in advance.
To make this even easier on you, here are a few basic church donation letter templates you can copy and paste. Keep in mind that not all of these have to be in print—you could just as easily turn some of these samples into email appeals.
The Donation Acknowledgement Letter is a basic way you can confirm and affirm a monetary gift to your church. Sending these is standard practice in church and nonprofit culture.
Dear [first name],
I want to personally thank you for your donation of [gift amount] to [church name]. We’re honored you would bless us with your generosity. Donations like yours make a big difference in the work our church is doing in the community.
Without givers like you, our church can’t have an impact or influence in our community. With your support, we’re partnering with local nonprofits, sending out global mission trips, and hosting small groups on topics that help real people like you. Together, we can make a difference.
Because we’re a tax-exempt nonprofit, you also get to write this donation off on your taxes. This letter serves as official proof of your donation, so keep it in your records come tax season. At the end of the year, we’ll also send you an annual recap with how much you’ve given to the church.
Thank you for supporting [church name]!
Not every church member realizes the importance of giving, or understand Bible verses about tithing and giving. So a Donation Request Letter helps to spread that awareness and encourage a spirit of generosity.
Dear [first name],
How are the finances in your household? That was a rhetorical question, so you don’t have to answer—besides, this is a letter so we wouldn’t hear you anyway. But we still want you to think about that question.
Money is a uniquely human issue, one we all struggle with to one degree or another. Even if you’re financially blessed, you still have the burden of stewarding your money wisely. And we believe that one of the best ways to invest your money is into the local church.
Tithing (giving 10% of your income) on a regular basis not only supports the work we do at [church name]. It doesn’t just support local missions and community growth. It also shows an obedience to God by making his work a financial priority in your life.
So if you find yourself ready to put God first in both your heart and your wallet, we encourage you to make a one-time gift or sign up to make recurring donations. That way, you won’t have to ever wonder again about the financial status of your household.
Many church donations aren’t just one-time gifts. Plenty of givers contribute monthly—and that should be acknowledged.
Use this template to correspond with recurring givers.
Dear [first name],
Thank you for being an active and faithful member of our church community. By giving to our church on a monthly basis, you’re showing that our church has a meaningful place in your heart. We just wanted to write this to let you know that you’re in our heart, too.
Donating to the church monthly allows us to preach the gospel, make disciples, and support others in our community who need help. Others like the local food bank and the nearby homeless shelter. We’re answering the cry of the needy, and it’s all thanks to contributors like you.
We earnestly appreciate your ongoing support and want to let you know we’re here for you. If there’s ever anything we can do for you and your family, don’t hesitate to reach out. You are a valued member of our church family. And you’re financial support is making a difference.
At the end of each year, it’s customary to give your church supporters a summary of their gifts. The primary reason is for tax purposes, but it’s also a way to recap everything your church has done over the past year with their support.
Dear [first name],
You’re getting this letter because you gave to [church name] at some point during the past year. That might have been a one-time gift, or recurring donations. Either way, we want to thank you for your generous support. Every contribution helps.
One of the official reasons for this letter is for tax purposes. That’s right—you get to write these donations off on your taxes. Which is why we’ve included a summary of all the contributions you’ve made to our church this year.
But the other reason for this letter is to let you know what we’ve done with the money you gave. We take stewardship very seriously, which means we value spending our time and resources wisely.
During the year, our church supported local nonprofits, sent global missions teams, and baptised quite a few people. It was a great year for us—thanks in large part to donors like you.
So thank you for your support of our church, and we hope you’ll consider continuing to contribute to our mission in the coming year.
Sometimes you need to make a more significant financial push using tried and true church fundraising ideas. Some churches call this a Stewardship Campaign or a Church Capital Campaign. Either way, the goal is to raise a certain amount of money for a big project. And typically, a solid letter of appeal is an integral part of that.
Dear [first name],
God has a plan for everyone and everything. That includes you, and it includes [church name]. None of us can fully know God’s plan—the best we can do is pray and listen for clarity. Our church leadership has been doing just that and are excited to announce our latest church project.
[Detail the outline of the major church project—this could include a building campaign, or raising support for a global mission trip. Anything specific to your church that requires a fundraising letter. Be sure to include a fundraising goal so everyone knows what you’re shooting for.]
But we can’t pull this off without your support. Whether you give to the church on a regular basis, or just attend on occasion, we’re asking you to consider contributing to this massive undertaking prayerfully. It’s something we need our entire church community’s help with.
Even if you can’t make a large gift, know that every little bit helps. It’s more about coming together as a community united behind a common cause. We hope that you’ll consider making a donation towards this great step forward that we’re making together.
It’s not enough to just copy and paste this content and send away. The key to an effective church donation letter is a touch of personalization. Follow these tips to take your donation letters to the next level:
There’s no one right or wrong way to write a donation letter or request contributions. You’ve got to do what is right for your church and congregation. But if you stick to these general tips, you’ll probably start to see some traction when it comes to giving.
Most people don’t love talking about money in church. But it’s a necessary and vital part of your church. And maximizing your efforts when it comes to donation letters will help make those conversations more comfortable. So what do you do next to put this into effect?
And if you’re looking for ways to grow your church’s giving capacity, Tithely can help.
Tithely’s systems make it as easy as possible for people to give to your church. Now all you need to start doing is generating a culture of gratitude. There’s nothing standing in your way. Go unleash generosity in your church.
How does your church use donation letters to spread generosity? Share your thoughts in the comments below!
Editor's Note: This is a guest post from Robert Carnes. Robert is a writer and storyteller. He's the author of The Original Storyteller: Become a Better Storyteller in 30 Days. A former church communicator and nonprofit marketer, Robert works as a managing editor for Orange in Atlanta.