Are you a good steward of God’s money?

Are you a good steward of God's money?

Well, I guess I should step back and chat a bit about whose money it is. If you take a look at the parable of the talents or at any of the other bible verses about stewardship, it becomes very clear that we are stewards of what God has given to us – be it our time, money, position, etc. But in this particular post, we are talking about our stewardship of God’s money.

Also, the truth of the matter is that we came into the world with nothing and can’t take anything with us. I like to look that this brief life as a test. What we do with what we’ve been given on earth is going to determine a lot about our future. Are we storing up treasures in Heaven (Matt 6:20) or are we hoarding only to have less (Pro 11:24). For me, I am always looking for ways to become a better steward, which is why I was really excited about the next paragraph…

God’s money manager

I recently was listening to a favorite preacher of mine and he had some great ideas about improving our stewardship. He was explaining how any good (or even decent) money manager knows where the money under his control goes. Think about it – if you called up your money manager and asked where your money was invested and he didn’t know and had no way of finding out because it wasn’t even documented anywhere – wouldn’t you be concerned?

As stewards of God’s money – shouldn’t we at the very least know where it is all going?

Keeping track of it

He suggested getting a ledger sheet of paper and writing down the destination of every dollar that you spend for a week. I know from experience exercises like these are often eye-opening – especially to heavy spenders.

At the end of the week you can go over your list and look at how God’s money was spent. What percentage was used to help people? How much was used to store up treasures in Heaven? How much was spent at Starbucks?!

Are you up for the challenge?

I am starting this week and am excited (and a little scared) to see the results, but I know it will only be good for me. I am going to be carrying a little sheet of paper in my wallet all week and will be writing it all down! I will report my results when finished, feel free to share yours as well in the comments…

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  1. The Weakonomist

    I would fail, badly. I’m looking forward to seeing how your ledger turns out though.

  2. Matt Jabs

    A Great way to motivate people to budget is to get them to follow through with this exercise, everyone should follow Bob’s lead in this.

    Fortunately for me, my wife & I are already Fasting Financially so our list would be quite short, quite short indeed!

    • Michael Kampff

      I love the concept of a “financial fast”. Just like with food, it sounds like a very healthy practice.

    • Vincent Nadugaddi

      Pretty interested to know about “Financial Fast”! How do you do it?

  3. Matthew Sapaula

    This is exactly what my goal is.. to enable to help administer the christian way of sharing and being an active christian myself by helping in endorsing education among the youth and helping their families plan for a more progressive future.

  4. Carolyn

    Ok. I’m going to join you on this challenge and keep a mini-money journal beginning tomorrow. I know I need to be a better steward so that God will trust me with more.

  5. Jerry | Current account

    Interesting and engaging post. That shades some light into how I use money and I think I need to change my approach and become a faithful steward..He giveth us and can taketh anytime..Nice post Bob

  6. reza

    this is exactly what my goal be a good steward of God. Hope you will continue to inspire people especially the youth …God Bless u..

  7. troy

    First off I am reading this because I am trying to stay motivated about getting my finances straightened out. So I appreciate the articles. But it seems to me it’s always the same thing. I just need more money than I currently have. But I am going to try. I am trying because I do not want to be broke and dependent on the goverment when I am old. Is that the wrong motive and does
    Anyone else feel this way?

    • Nicholas


      Getting my finances straightened out was the best financial decision I made in a long time. 1 Timothy 5:8 tells us to take care of our own families before we do many other things, and so it is not a wrong motive to not want to be broke and dependent on the government. The government is comprised of imperfect people that make bad financial decisions like the rest of us at times; their decisions just impact more people.

      If you think you just need more money, there’s two sides of the equation to get out of debt: increase income and decrease expenses. On the issue of budgeting, creating a reasonable budget can be very helpful in directing all your dollars to decrease expenses. But you have to keep track of all your transactions, too; is very good at helping. It may be you have an income problem (i.e. you -really- can’t lower your expenses anymore), but it’s usually easier to try lowering expenses first. And paying off your next debt in the snowball is a really good motivator to keep going!

    • Troy

      Thanks. Good advice and I see your point of view.

  8. Marian Green

    I live on $200 per month plus $183 food stamps. $20 tithe, $51 for rent, $50 for basic cell phone – no data, no text, and $50 internet. The final $29 goes for personal needs. I’ve had Mono since last August and still have no energy to work. Mono can take up to a year to recover from and this is my second time with it. Don’t feel bad for me as I have learned a long time ago to be content in what ever state I am in. God is meeting all my needs and I’m satisfied to rest in Him.

    • ST

      As I was reading your post, I noticed that you pay $50 for basic cell phone. Is this per month?
      If so, look around for a better deal. I currently pay $50/month and have data, text and some Internet.
      Mono – tough bug to get rid of and then to have it return. Be sure to get plenty of rest.
      Do you have any hobbies ? I’m thinking of a way for you to earn some money while recuperating that will not stress your body.

      Writing you on my prayer list….please be well.

    • Jeannie

      You can get Straight Talk from Walmart for $45 (plus tax and e-9-1-1) with unlimited talk, text and data. It is a 30 day plan. They also offer a $30 plan which I have because I have Internet at home. Check it out. Might save you over $50.

  9. Venus

    Thank you Sir Bob i will start this week to be agood steward of money from God. God bless you all.


  10. Rick Miller

    Good lesson Bob…we use this exercise when working with others budget. The need to know where every dollar goes is a must. Also, this exercise should continue beyond this test. If fact, others have reported it helps them control their spending, as they know they will have to record the expense.

  11. Jeannie

    I am going to try this (writing down everything I spend). I really don’t have a budget. I tithe to my church, support missions and ministries (offerings), have a Compassion Child. I pay my bills on time (or early) every month and am doing the debt snowball (this is going to take awhile). I save into a savings account and also have a Christmas Club. Whatever is left goes for gas, groceries and cards and postage (I have a huge family and circle of friends). I don’t carry much cash..mostly use debit card. Seems like there is not enough $$ to create a budget.

  12. Mia

    I tracked all of my misc. spending for the entire year two years ago. It changed me completely! I saw that I had wasted enough money to take a really nice vacation on worthless things. It really can be an eye-opener. Be not afraid to become enlightened!

    • Michael Kampff

      I like that… don’t be afraid to become enlightened. Isn’t it amazing how scary the light can be when you’re in the dark – about finances or whatever!

  13. Nchise Delphine Nchang

    Interesting and encouraging post. Iā€™m going to join you on this challenge and keep a mini-money journal beginning from Monday. I know I need to be a better steward so that God will trust me with more.

  14. joy akerele

    God help me to be a better steward and to give towards His kingdom greatly and also give me the capacity to become an helper to this generation and generations to come.

  15. mc

    My husband is doing all his efforts to earn a living for the family. As a wife / mother of 3, who handles the financial side.., my prayer ” Lord kindly give me the wisdom to become a good steward and lead us to have a better future ahead. Create us to be a blessings to others and I beleive in your words Acts : 20: 35 … is more blessed to give than to receive. Amen. God Bless Bob.

  16. Sharon Akinoluwa

    The beginning of financial breakthrough is an understanding that we are
    stewards of God’s money, and a total commitment to function in the
    kingdom, based on this truth is paramount in our journey into the world
    of prosperity.

  17. Anna

    Hi Bob, Thanks for this post. I am going to take your challenge. Although, my husband and I don’t spend much, our income has decreased and our total debt is pretty high. However, through these circumstances God has shown us the importance of becoming the best stewards of His money that we can possibly be. We have actually been out of debt twice before and found ourselves back in debt again, for the third time but with God’s help and our obedience this will be the final time. The first time we weren’t serving the Lord. The second time we had a clear understanding of and a commitment to tithing. Unfortunately, we hadn’t come into an understanding of stewardship. Earlier this year we committed ourselves to a healthy spiritual financial balance based on the word God. This is lesson #4 for me from your course on Bibical Money Essentials and it is right on time. Praise God for His plan to keep His people debt free!

    May God bless you abundantly.

    Thanks again,


  18. Lisha

    My husband and I noted every single thing we spent money on for a month about a year ago and it was very eye-opening. We didn’t even realize how much we were spending before that. This is a good exercise to do, especially if you ask yourself questions like “where is all our money going?” lol… the answer will come to you if you do this! šŸ™‚

  19. Pumies

    Hi, very interesting topic, I am definitely starting from today to keep a record of where this money goes! It kinds of disappears in my bank account like it has been stolen by thieves. I have been a faithfull tither in the past year and God has done miracles for me, I got moneys that have been longer over due, imagine receiving money form a medical aid you have left 5 years back, and now they tell you this was never paid to me! This was due to my obedience in tithing. And God blessed me with a new job this Jan, Im earning triple than what I used to earn funny, and have not tithed since then, the scarry part is that at the end of the month Im more broke than before. I could not believe myself when my husband had to give me money to go through the month, while Im earning above her. Im thinking it is because I stopped tithing. Now this month, I want to track where this money goes….hopefully to go back to obeying God next month.

  20. Bernice

    For the past several years, I have been faithfully listing my daily expenses, and have learned a lot from it. When I started doing this, I realized how much money I wasted buying books and magazines which I only read once. I began being more conscious on how I spend my money, especially when I got married. This year, my husband and I also became more intentional in blessing other through our blessings. By the grace of God, more than half of our spending now goes to tithes, offerings, supports and helping other people. And surprisingly, we have more savings now! Indeed, the more we give, the more we receive. šŸ™‚

  21. Evie

    I’m already using a software/app YNAB and boy has it opened my eyes to my own spending habits. Now that every $ is accounted for makes me think twice about just charging stuff to the credit card that I don’t even need. God is so merciful to us, and yet we tend to be like the naughty child and do whatever we want to do, whenever we want to do it. I pray that we become stronger stewards in Christ not just with our finances, but with our time, our position and our hearts.