Managing God’s Money Tool Kit For Effective Debt Avoidance

Managing God’s Money tool kit will help you stay debt free. We built this money tool kit on the solid base of God’s ownership of everything. More than 20 years ago, we developed it to promote effective stewardship to encourage and facilitate a debt free lifestyle, when practiced regularly.

Managing God's Money tool kit is built on the Gas Principle
Managing God’s Money tool kit is built on the Gas Principle

The GAS Principle provides the solid, unchanging base. Three biblical truths, the GAS Principle, acknowledges our need to depend on our Messiah Jesus to provide for our needs. We need to accept and live according to the GAS Principle. Then we will see the reality of Apostle James’ teachings in James 4:13-16. We won’t dwell on the future. We will accept that only God knows the future. Therefore, we will let Him lead and guide us there.

Meditate on these truths. Ask the Lord to embed them in your heart and mind. Ask Him to teach you to be a better steward of His resources:

  1. God Owns Everything – Psalm 24: 1-2
  2. Accept What You Have – Hebrews 13.5
  3. Seek First His Kingdom and Submit Your Requests to Him – Matthew 6:33, Proverbs 19:21

Managing God’s money is about attitudes and behaviors that result in consequences (ABCs). Our attitudes reflect our worldview, or our beliefs that lead to our behaviour that produces consequences. We can’t manage the consequences, but we control our attitudes and behaviors. To help develop and apply the right attitude in different situations, we designed six tools that complement the GAS Principle. These tools start by helping you understand what you believe, and by highlighting how you decide to spend. They continue by assisting you to build and work with spending plans. A quick spending analysis to decide affordability, and a credit card alternative, follow. The final tool provides a systematic review mechanism to see how you are doing, so you get back on track if you deviated.

Managing God’s Money Tool Kit

Here are the six Managing God’s Money essential tool kit items with brief comments and links to more details on each:

  1. Money Triangle
  2. Spending Fast
  3. PEACE budgetary Control (GPS spending guide)
  4. PLANE Analysis and Affordability Index
  5. Capital Fund
  6. Family Council

Money Triangle

These three parts of each money transactions — me (you), a merchant, and money — show clearly you can’t manage the merchant, whose role is to sell; you can’t manage money — its sole purpose is a means of exchange, or a bridge between buyer and seller; you can manage only you.

Once you get this idea, you will see how crucial your ABCs are in every spending transactions.

Spending Fast

To get a grip on your finances, you must understand the process you follow before you spend, and things and feelings that influence your spending. The spending fast allows you to track spending for a specific period, not less than a month, your spending drivers, and pre-spending decision procedure. Your spending fast will give you vital information to help adjust your lifestyle and become a better steward.

PEACE Budgetary Control

This plan, do, review process is crucial for daily activities. Before starting a project or before you spend, understand your goal, and do a plan, identifying steps to achieve the goal, and prepare an estimate showing costs in time, talents, and money that the plan needs. Once you start the process, regularly, compare where you are with where you planned to be, and execute changes to get back on plan to meet the goal.

PLANE Spending Analysis and Affordability Index

I developed these questions based on similar questions raised in business before major spending.

  1. Is contemplated spending in my plan?
  2. Will my loans rise?
  3. Do you have an alternative?
  4. Is spending for this purpose needed now?
  5. Is this the most effective use of funds at this time based on other goals and plans?

While not a panacea, if you follow the Affordability Index in context of the GAS Principle, you will not fall in debt.

Capital Fund

The Capital Fund is another tool I took from business. It is a systematic approach to saving for targeting expenses to prevent you from falling in debt. You will need to replace major appliances and equipment; the timing of each is unpredictable, but effective stewardship means planning under God’s direction to replace each item.

Family Council

The family’s board of directors, this is a way to carry out our role according to Deuteronomy 6 to teach our children continually to love the Lord our God and to keep His commandments.

As well, it is a great venue for regular Bible study, and regular family fun time.


This managing God’s money tool kit is not a panacea. Apostle Paul reminds us that whatever we do we should do as unto the Lord (Colossians 3:23-24). That’s what managing God’s money is about —- living a life that glorifies Messiah Yeshua. Lean on Him; let His light shine through our spending.

© 2014, Michel A. Bell

Michel A. Bell

Michel A. Bell is a former senior business executive, author of six books (including Business Simplified released in 2018), speaker, and adjunct professor of business administration at Briercrest College and Seminary. Michel is a Fellow of the Chartered Certified Accountants (UK), holds a Masters of Science in management degree from Massachusetts Institute of Technology and a Doctor of Business Administration honoris causa from Briercrest College and Seminary. He is founder and president of Managing God's Money.

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