By: C.J. Lloyd October 11, 2024 

In honor of budget season, I would be remiss if I did not discuss forecasting as we move into 2025. While on the surface, financial forecasting is a corporate discipline; it is a valuable tool in our homes as we look towards upcoming expenses and potential expenditures that could occur, such as needing to repair a car or an increase in insurance premiums.

1. The Wisdom of Planning Ahead

The Bible consistently highlights the importance of planning and preparing for the future. Proverbs 21:5 says, “The plans of the diligent lead to profit as surely as haste leads to poverty.” Diligence in financial planning includes forecasting long-term needs, setting aside for emergencies, and making investments that align with our values and goals.

In Luke 14:28-30, Jesus gives an example of counting the cost before building a tower, stating, “Suppose one of you wants to build a tower. Won’t you first estimate the cost to see if you have enough money to complete it?”  This is a clear endorsement of the importance of financial planning before embarking on major life decisions.

2. Avoiding the Pitfalls of Short-Sightedness

One of the dangers of failing to plan for the future is becoming vulnerable to unforeseen difficulties. Proverbs 6:6-8 instructs us to observe the ant, which stores provisions in the summer to prepare for the winter. This verse warns us against laziness and encourages us to be forward-thinkers who anticipate and prepare for the future.

Living in the moment is important, but neglecting the future can lead to financial ruin. By forecasting our finances, we protect ourselves, our families, and the causes we care about.

3. Aligning Financial Goals with God’s Purpose

As Christians, our financial decisions should align with God’s purpose for our lives. Proverbs 16:9 says, “In their hearts humans plan their course, but the Lord establishes their steps.” While financial forecasting is crucial, we must always leave room for God’s guidance. Planning without seeking God’s direction can lead to striving after wealth for selfish gain rather than using it for His kingdom.

Being a future thinker involves not only personal financial success but also how we contribute to the needs of others. 2 Corinthians 9:7 encourages, “Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.” Forecasting allows us to be generous with confidence, knowing we have set aside resources to help those in need.

Forecasting finances and being a future thinker are both acts of faith and wisdom. When we manage our resources well, we honor God by using His blessings responsibly. By planning and setting goals aligned with His purpose, we can live a life that reflects both foresight and faithfulness. Proverbs 13:16 reminds us, “All who are prudent act with knowledge, but fools expose their folly.” Let us act with prudence in our financial lives, trusting God to establish the path before us.