Spenders or Savers: Who’s Right?

Discover the pitfalls of being a Spender or a Saver and how each approach can lead to imbalances in your financial and personal life. Learn how to find the right balance between saving and spending by reassessing your motivations, backed by biblical wisdom, and how our team can guide you towards a more fulfilling financial journey.

When it comes to money, we generally fall into one of two groups:

Spenders: People who want to make the most of today.

Savers: People who want to be sure that the future will be more secure.

Spenders often save too little because they use money for today instead of tomorrow. That’s why many people consider savers as the superior group.

But in our experience, those who save too much have just as many problems.

Yes, you read that correctly: Saving too much creates just as many problems as not saving enough.

When you save too much, you may neglect to enjoy time with people in your life today and pass up the opportunity to create meaningful memories. In addition, savers have a tendency to put their hope and sense of security in the size of their savings.

Surprisingly, the Bible considers both of these extremes to be fruitless and each of us wrestles with these challenges.

Skeptical? Let’s take a look:

“Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless.” (Ecclesiastes 5:10)

“…but the worries of this life, the deceitfulness of wealth and the desires for other things come in and choke the word, making it unfruitful.” (Mark 4:19)

“Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment.” (1 Timothy 6:17)

For where your treasure is, there will your heart be also. (Matthew 6:21)

The answer to both extremes is to check our motivations. Are you saving more than you should for security that can only come from God? Are you spending irresponsibly so you have little to give away or save for the future and hoping that your spending will fulfill you?

Whether you saved too much or haven’t saved enough, we can help.

Schedule a call with our team today and discover how we can develop a plan for you that strikes the right balance between saving and spending (and giving!).  

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