When faced with a bad economy, we can be tempted to feel insecure and we can become unsure of what the future holds for us.
In a bad economy our job security; our lifestyle and our ability to save & invest are threatened.
Therefore here are a few ways in which Christians can respond when the economy is less than ideal
1. Spend Less Than You Earn
Do not over-spend and do not spend more money than you actually earn.
Proverbs 21:20 – There is desirable treasure, And oil in the dwelling of the wise, But a foolish man squanders it.
2. Avoid Getting Into Debt
When the economy is bad, it’s a bad time to borrow a lot of money. However, if you feel that you must borrow – then borrow money that you know you can easily return.
Proverbs 22:7 – The rich rules over the poor, And the borrower is servant to the lender.
3. Don’t Be Lazy
If you’re struggling to find a job – then start a business. Turn your talents, your gifts & your skills into a project or a business that can earn you some income.
Proverbs 18:16 – A man’s gift makes room for him, And brings him before great men.
Proverbs 12:27 – The lazy man does not roast what he took in hunting, But diligence is man’s precious possession.
4. Save Some Money
Whether in a good economy or in a bad economy, it’s always important to save some money. Whilst it might be hard to save in an already difficult environment – saving is still an important discipline because your savings may help you when you most need them.
Proverbs 6:6-8 – Go to the ant, you sluggard! Consider her ways and be wise, Which, having no captain, Overseer or ruler, Provides her supplies in the summer, And gathers her food in the harvest.
5. Trust in the Lord
Through any situation that we go in life, it’s important to walk by faith and not by sight. It’s therefore important to trust God and believe that in spite of the difficult environment, God still has plans to prosper us and not to harm us and that God will supply all our needs according to His riches.
Proverbs 3:5-6 – Trust in the Lord with all your heart, And lean not on your own understanding; In all your ways acknowledge Him, And He shall direct your paths.