DON’T WASTE YOUR MONEY

WISDOM FOR LIVING DAILY DEVOTIONAL

APRIL 19, 2024

TOPIC: DON’T WASTE YOUR MONEY

BY T. O. BANSO. 

“After a few days the younger son sold his part of the property and left home with the money. He went to a country far away, where he wasted his money in reckless living” (Luke 15:13 Good News Translation).

Someone said that the money his children were making, he didn’t make it when he was their age. He was happy that they were doing well. Who wouldn’t be happy with such children who were not a liability to him? But a more important issue is the ability to manage well the money they are making and not waste it.

I recall my conversation with two older people about the need for young people not to waste the money they are making very early in their lives. I referred to the case of someone they knew who made so much money as a young person, and lived a flashy and flamboyant life, but became broke thereafter. His money didn’t last long.

One of the people I was talking with used his own life as an example, and said that not only young people are guilty of wasting their money. He said most people he knew who were rich before ended their lives poor because of different reasons, including the fact that they became deaf to the advice to manage their money well. He said most of them became proud and were pushed by their money into reckless spending, and only a few didn’t waste their money.

Don’t waste your money. You may be making money very early in life or currently; don’t become arrogant and refuse to listen to advice on spending your money judiciously and avoiding wasteful spending. Learn from the lives of those who used to be rich but are in poverty today. Don’t think that the opportunities you have today will always be there and engage in wasteful spending just because more money will come. Suppose it doesn’t come due to factors beyond your control.

Imagine a footballer or an athlete wasting his money, forgetting that he is making the money because he is still actively involved in his sport. What happens when he retires or if his career ends abruptly due to an injury, as it has happened to some? Someone is wasting the money he is making from a job or employment, but suppose something happens to the job or employment and he doesn’t get another in time or he retires or is retired and his income reduces?

Don’t waste anything God gives you, including money. You should manage well everything God gives you and what God has given others and is under your care. Those who waste money suffer later together with those that depend on them. Many people are in such a situation today, regretting how they wasted their money. They wish they had been prudent and avoided frivolous spending, extravagant living, and foolish investment. They also wish they had another chance.

Although the parable of the prodigal son is that of a repentant sinner who came to the Lord and was saved, his life also teaches us not to be wasteful in spending our money. The prodigal son collected his share of his father’s property and wasted his inheritance in a far country he went to. He went far from his father who could advise or caution him on his spending.

Luke 15:13-16 says, “After a few days the younger son sold his part of the property and left home with the money. He went to a country far away, where he wasted his money in reckless living. He spent everything he had. Then a severe famine spread over that country, and he was left without a thing. So he went to work for one of the citizens of that country, who sent him out to his farm to take care of the pigs. He wished he could fill himself with the bean pods the pigs ate, but no one gave him anything to eat” (Good News Translation). Notice the phrase “where He wasted his money in reckless living.” He exhausted his money. He was broke!

The man who gave his life as an example during our conversation told me that when someone is making so much money, especially above his expectations, he always feels like spending and spending. Except the person is well disciplined, he will be deceived to just keep buying things on impulses, making frivolous purchases, and buying things he does not need. Not until the flow of cash stops or reduces significantly, and he begins to lack, will the reality dawn on him that money does not increase when it is being spent or wasted!

Don’t be like the prodigal son. His elder brother confirmed his wasteful spending, telling his father, “This other son of yours wasted your money on prostitutes. And now that he has come home, you ordered the best calf to be killed for a feast” (Luke 15:30 Contemporary English Version). Note this phrase: “Wasted your money on prostitutes.” Don’t waste your money on sinful pleasures. Proverbs 29:3 says, “Whoever loves wisdom makes his father rejoice, but a companion of harlots wastes his wealth” (New King James Version). Don’t waste your money on harlots (prostitutes) or other sinful addictions. Some have done so and hit the rock bottom. They are extremely ashamed of themselves today.

Some people – husbands, wives, and youths – are suffering and regretting today because they wasted the money they made in the past on things that were not eventually beneficial to them. Isaiah 55:2a says, “Why waste your money on what really isn’t food?” (Contemporary English Version). Why Waste your money on what isn’t necessary? Why waste your money on what you will regret later?

God didn’t give you anything whether time, money, or food to be wasted. In John 6, after Jesus had fed 5, 000 men with five small barley loaves and two small fish, He told His disciples to gather up the leftovers, so that nothing would be wasted. His disciples gathered the leftovers and they filled twelve large baskets (John 6:12-13).

Remember the prodigal son: “After a few days the younger son sold his part of the property and left home with the money. He went to a country far away, where he wasted his money in reckless living” (Luke 15:13 Good News Translation). Don’t be a prodigal son/daughter, father, or mother. Whether you are young or old, don’t waste your money. Don’t waste your money on trying to impress people or compete with others. Don’t waste your money on what will not matter tomorrow. Don’t prepare the ground for your impoverishment tomorrow by wasting your money today.

Proverbs 21:20 says, “Be sensible and store up precious treasures – don’t waste them like a fool” (Contemporary English Version). Don’t be a fool. Don’t waste your money. The Good News Translation renders Proverbs 21:20 thus: “Wise people live in wealth and luxury, but stupid people spend their money as fast as they get it.” Don’t be stupid; be wise.

Don’t waste your money. Honour God with your money. Spend your money to meet your needs and the needs of your family, not on unnecessary luxuries. Save and invest your money. Give to the poor and needy. Use your money to support God’s causes on earth. The Apostle Paul wrote to Timothy, “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. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life” (1 Timothy 6:17-19 New International Version).

Be a good steward of the money God has blessed you with. Don’t waste your money.

TAKE ACTION!

If you are not born again, you need to give your life to Jesus now. I urge you to take the following steps: *Admit that you are a sinner and you cannot save yourself and repent of your sins. *Confess Jesus as your Lord and Saviour. *Renounce your past way of life – your relationship with the devil and his works. *Invite Jesus into your life. *As a mark of seriousness to mature in the faith, start attending a Bible-believing and Bible-teaching church. There they will teach you how to grow in the Kingdom of God.

Kindly say this prayer now: O Lord God, I come unto You today. I know I am a sinner and I cannot save myself.  I believe that Jesus is the Son of God who died on the cross to save me and God raised Him on the third day. I repent of my sins and confess Jesus as my Lord and Saviour. I surrender my life to Jesus now and invite Him into my heart. By this prayer, I know I am saved. Thank You, Jesus, for saving me and making me a child of God.

I believe you have said this prayer from your heart. Congratulations! You will need to join a Bible-believing and Bible-teaching church in your area where they will teach you how to live your new life in Christ Jesus. I pray that you flourish like a palm tree and grow like a cedar of Lebanon. May you grow into Christ in all things and become all God wants you to be. I will be glad to hear from you. The Lord be with you.

PRAYER POINTS: Father, I repent of all wasteful spending of money on frivolous things and unnecessary luxuries. Holy Spirit, help me to be a good steward of the money God has blessed me with. Help me to spend my money wisely.

(For over 900 in-depth and powerful messages by T. O. Banso, visit www.cedarministry.org).

T. O. Banso is the President of Cedar Ministry International, Abuja, Nigeria.
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