80. Saving, Spending, and Debt from a Biblical Perspective

When it comes to the subject of faith, the church, and money, too often the images that come to mind aren’t exactly positive. Today on CFO at Home Vince talks with Scott LaPierre, a Pastor who is dedicated to teaching sound, practical biblical money principles through his sermons, podcast, blog, and most recently his new book, Your Finances God’s Way, A Biblical Guide to Making the Best Use of Your Money. Check out the conversation where we discuss Scott’s views on the bedrock financial topics of spending, saving, debt, and more.

Key Takeaways

• Developing healthy savings and spending habits involves balance and wisdom
• • Sacrifices may be needed for a season of life to meet long-term financial goals, but that doesn’t necessarily mean a lifetime of denial
  • Budgeting can reveal wasteful and even unintentional spending that can be applied towards savings 

• Managing your finances well is a wisdom issue. It’s determining how best to spend your money by applying the knowledge that you have. 
• • In order to be wise with your finances, you have to be knowledgeable. 
  • Having  knowledge but not applying it is the biblical definition of behaving foolishly

• Debt
• • Scott is married, has 9 kids, has supported his family on a single income (as a teacher or pastor) and has no debt. Given that his professions have not been high-income, his belief that it is possible to live a fulfilling life without debt is rooted in personal experiences. 
  • Believes with careful planning and sacrifice, debt (even mortgage debt) can be avoided

Resources

• Your Finances God's Way: A Biblical Guide to Making the Best Use of Your Money

Ways to contact/follow:

• Scottlapierre.org
• Scott Lapierre - Youtube
• Scott Lapierre - Facebook

Contact the Host - vince@thecfoathome.com