Seven Biblical Principles on Financesنموونە

Principle #3 Principle of building an emergency fund

If you have been following famous Christian financial evangelists like Dave Ramsey, I suppose you are used to hearing the term “emergency fund.” Did you know it’s Biblical but not directly written in Scripture? I discovered it after reading the story of the woman whose husband, though a prophet, died in debt, and her two sons were enslaved because of her inability to pay the husband’s debt he left (see 2 Kings 4:1-7). It took the miraculous work of God through the prophet Elisha to deliver her sons from slavery.

You see, Jesus said in John 16:33 that we will face tribulation because we are in the world. That means no matter who you are in Christ or how much you pray; there are some days when unfortunate things will happen in your life. Some of such situations will demand you to use money. In those times, you’ll be in trouble if you don’t have an emergency fund. That is why I recommend you have a separate bank account for your emergency fund and pay your insurance. You will never know how those funds will do you a world of good in your day of adversity.