what does the bible say about lending money to family
We accept all had those moments when a family unit member asks for coin. And if you haven't you tin can bet yous will at some point.
And if yous are anything like me, you want to help because yous love them. Only you don't want to make the relationship awkward and you lot don't want to create any dependence.
I am so glad God has already provided wisdom for u.s. in His Discussion!
Every bit we all know family relationships tin be very complicated, and each situation is different. But let'south look at a little of what the Bible says about it.
4 things the Bible say about helping your family unit financially
1. We demand to care for our family.
Honor your father and your mother, as the Lord your God has commanded you.
Deuteronomy 5:16
God instructs children to accolade their parents. When do your parents quit being your parents? Well, never. We are to honor our parents our whole lives, including caring for them if they demand information technology.
There are some caveats to this which we'll touch on later, but if your parents demand your help and yous can do and so financially, you are encouraged to practise so.
Outset children off on the way they should go, and even when they are old they will not turn from information technology.
Proverbs 22:6
Helping your family financially includes providing for your children when they are young. It besides includes preparation them in the way God commands. We railroad train our children to work diligently, to treat others with kindness, and to give.
Training children in Biblical principles surrounding coin is an excellent fashion to help them grow into cocky-sufficient adults.
Of course, their budgetary decisions volition exist their own, but if you tin can teach them from lessons you've learned, hopefully, their mistakes will be fewer and less impactful on their financial futures.
Anyone who does not provide for their relatives, and especially for their own household, has denied the religion and is worse than an unbeliever.
1 Timothy 5:8
If any woman who is a believer has widows in her care, she should go on to assistance them and not let the church building exist encumbered with them, so that the church can help those widows who are really in need.
one Timothy v:16
The first poetry here is sometimes used equally a weapon among family unit members to guilt another into giving them coin.
But allow's await at this verse in context.
Paul is instructing the believers to intendance for those in their families – namely widows – who needed help. Just some families who had the means to exercise so were not, instead expecting the church to care for the widows.
Hither's the affair: Yeah, the church helps widows and those in need, only in that location are often express resource to practise so. Shouldn't they be helping the people who take no 1 else to help them?
Of grade, if a family fellow member can treat himself or herself, you don't have an obligation to take care of them, but you can encourage them in contentment and hard work.
2. It's non a adept idea to lend money to family members.
Be not one of those who give pledges, who put upwards security for debts. If you have nothing with which to pay, why should your bed be taken from under you lot?
Proverbs 22:26-27
The Bible actually has a lot to say near co-signing loans – none of which is practiced (if you lot are remotely considering co-signing, click that link and read that article).
And co-signing just happens to be one of the virtually mutual requests from family members. This is not a groovy idea for several reasons, the most prominent beingness that you are risking the wellbeing of your own household.
In upshot, co-signing a loan is the same thing as lending money to a family member. Simply say no.
The rich rule over the poor, and the borrower is slave to the lender.
Proverbs 22:7
It's clear from Scripture that God isn't a big fan of debt. But what about inside families? Is it wise for family unit members to loan money to 1 another?
Whenever a loan is set up inside a family, the relationship between the two parties changes. You motility from a family relationship to a borrower-lender dynamic.
If you lend coin to your brother, how would you feel if he took an expensive vacation before paying you lot back?
What about if he never paid you back?
The human relationship would most probable be broken from both sides – you'd exist resentful that your money wasn't returned to yous, and your brother might feel guilty that he never paid you lot back, and so he simply stops talking to you lot altogether.
At present, I'm not saying that you lot should never help your family financially.
But if a situation arises in which someone needs help, and you lot accept the means to practise so, you can always just requite them the money.
If you lot decide to lend money to a family fellow member, it'due south a proficient idea to put an agreement in writing with a clear repayment schedule so you both empathize the expectations.
3. Giving to family is practiced.
"In everything I did, I showed you lot that by this kind of hard work we must help the weak, remembering the words the Lord Jesus himself said: 'Information technology is more blessed to requite than to receive.'"
Acts 20:35
As Christians, nosotros are encouraged to give generously. There are so many benefits of giving freely of our abundance. And yes, this can include giving to family members.
Put yourself in the position of a immature adult, fresh out of college. Their pupil loan payments may be coming up soon, and they're wondering how they're going to make their finances work with an entry-level job.
Wouldn't filling up their refrigerator and pantry for them in their new flat be such a approving for them? Or perhaps yous could purchase them a new piece of furniture for their apartment.
If you're in a better financial position than they are, the money spent could be a wonderful fashion to give of your abundance.
4. Encourage delectation and hard piece of work among your family members.
And my God will run into all your needs co-ordinate to the riches of his celebrity in Christ Jesus.
Philippians 4:nineteen
God doesn't say He will meet all our wants; He says he volition see all our needs. Encouraging our family unit members in contentment is one mode we can assist them financially.
For even when we were with you, nosotros gave you this rule: "The 1 who is unwilling to work shall not consume."
ii Thessalonians 3:10
Yes, we tin give money to our family members, just nosotros should also encourage them to provide for themselves if possible.
It's not fair for adult children to regularly ask their parents for money to comprehend expenses when they are not willing to go a job and take care of themselves.
For we brought nothing into the world, and nosotros tin can have nada out of it. But if we have nutrient and clothing, we will be content with that.
one Timothy half-dozen:7-8
In that location are multiple Bible verses about contentment, but this is typically the first that pops into people'southward minds. If your family unit member is truly in need of help with things similar food, vesture, and housing, we can certainly help them.
Simply if they demand money for frivolous things and/or aren't willing to support themselves, you have no financial obligation to gift them the money to pay for these things.
Family relationships are complicated, and every situation is unlike. Hopefully, this is a start every bit y'all prayerfully decide how best to help your loved ones.
Source: https://seedtime.com/helping-family-financially/
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