Financial Advice from the Torah for Special Occasion Spending

Financial Advice from the Torah for Special Occasion Spending

We all know how important it is to live within our means, but when special events come up, things can be really stressful. Often on special occasions such as birthdays, weddings, graduations, holidays, and milestones, there is a lot of pressure to go above and beyond what we would normally spend in order to prove how special the time is for us.

However, we can learn a lot about how we should manage our resources from the Torah and we should listen to what God says to us regarding special occasions, more than our feelings.

Just like today, there were many special occasions in the Torah and that often involved giving. Moses made it clear, “Three times a year all your men must appear before the Lord your God at the place he will choose: at the Festival of Unleavened Bread, the Festival of Weeks and the Festival of Tabernacles. No one should appear before the Lord empty-handed: each of you must bring a gift in proportion to the way the Lord your God has blessed you. All must give as they are able, according to the blessings given to them by the Lord your God” (Deuteronomy 16:17).

Did you catch that? While gifts were expected, God make it clear that He only expected humans to give as they were able, not according to what their neighbors, family, or friends could afford or what they would like to be able to give. God only wants you to give what you can. If God the Creator of the universe Who must certainly deserves more than anyone doesn’t want you to give what you don’t have to Him on special occasions, why do so many people go into debt while trying give others or themselves what they don’t have?

You shouldn’t consider yourselves or the approval of strangers more highly than the Lord. Allow the principles of the Torah to relieve the pressure to overspend and go into debt when shopping for others or yourself on special occasions. You can still try to buy nice things; just don’t overdo it, and remember -- even if you want to show how much you care -- you are not really giving your money when you go in debt for something because that money belongs to someone else. As the Jewish proverb of King Solomon says, “If you have nothing with which to pay, why should your bed be taken from under you?” (Proverbs 22:27).

Don’t risk losing everything to pay off debt collectors; only purchase what you are able to, even when special events come up. Also, it is more meaningful to give what is actually yours --  even if it is less than what you would like -- than what belongs to someone else. God looks at the heart and circumstances more than the number of gifts; you should be merciful to yourself and others and do the same. 

Related Articles

More From Gelt

Buying a House

A house is by far the largest purchase most individuals will ever make in their life, so it…
Buying a House
Love and Money Part 2: Photo of briefcase filled with 100 bills, with some bills scattered around

Love and Money Part 2

In “Love and Money - Part One” we described the first three of the five financial…
Love and Money Part 2

The Obese Debtor

Mike Huckabee was one of the Republican contenders for the 2016 presidential race.
The Obese Debtor

Excuses...Excuses...Excuses

We sometimes make excuses for our shortcomings and human frailties and this failing can be more…
Excuses...Excuses...Excuses

Timing is Everything

A few years ago, a friend of mine retired after his retirement plan was fully vested.
Timing is Everything

A Tip for the Super Broke

While we may often look for the most economical way to pay for big expenses, it is often the…
A Tip for the Super Broke

Can Debt Be Immoral?

A growing number of financial educators and economists are concerned that the number one debt…
Can Debt Be Immoral?
Yesterday Matters

Yesterday Matters

“Celebration of Life” services can be a time for reflection and can give attendees a sense of…
Yesterday Matters
Digging Out of Debt

Digging Out of Debt

Adjectives give 'flavor and taste' to the plain old English noun. However, the descriptive…
Digging Out of Debt
Easy Gain Easy Loss

Easy Gain Easy Loss

If you want financial advice the wise King Solomon once said this, “Money that comes easily…
Easy Gain Easy Loss

Credit Card Quiz

For the first time in a number of years, the American Congress has recently passed new reforms…
Credit Card Quiz

Produce Shopping

It is nice to have some fresh produce in the house. Trading canned or dried foods in for the…
Produce Shopping

When to Borrow Money

If you listen to the TV and radio advertisements you would think you can and should borrow…
When to Borrow Money
Oh No! It's Not Taxes Again!

Oh No! It's Not Taxes Again!

Well, tax time is here again and it strikes fear in the hearts of many Americans. In the late…
Oh No! It's Not Taxes Again!

Publish the Menu module to "offcanvas" position. Here you can publish other modules as well.
Learn More.


donation