Stewardship is about managing what has been given to you by the Lord — after all, it’s all His! We must first acknowledge that He is Lord of every area of our lives, and that includes our finances.
Stewardship involves tithing. The word tithe means “a tenth,” so if you are going to be obedient with your family’s finances, you must first start with giving the Lord ten percent of your income.
Malachi 3:10 (NIV) Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this, says the Lord Almighty, and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it.
Secondly, as good stewards, it is important that we have some sort of spending plan or budget in place so that we know exactly where our finances are going.
Proverbs 27:23 (NKJV) Be diligent to know the state of your flocks, and attend to your herds.
Thirdly, if you are in debt, it would be a very good idea to come up with a strategy for rapid debt repayment. There are many excellent resources available to help you, but the two books I recommend are Total Money Makeover, by Dave Ramsey, and Debt-Proof Living, by Mary Hunt.
Romans 13:8 (AMP) Keep out of debt and owe no man anything, except to love one another.
Next, it is very important that we are obedient in spending, saving and sowing our money in the area the Lord leads us. If He can trust us to be faithful with little, then He knows we can be faithful in much.
Luke 16:10 (AMP) He who is faithful in a very little [thing] is faithful also in much, and he who is dishonest and unjust in a very little [thing] is dishonest and unjust also in much.
Finally, remember to pray and speak God’s Word over your finances. He cares about everything that concerns you!
1 Peter 5:7 (AMP) Casting the whole of your care [all your anxieties, all your worries, all your concerns, once and for all] on Him, for He cares for you affectionately and cares about you watchfully.