Complete Bible Study Guide
What Does the Bible Say About Wasting Money?
5 Scripture references with full text and commentary
Understanding Wasting Money in the Bible
Discover 5 powerful Bible verses about wasting money. Study what Scripture teaches about this essential money & work topic.
Top 5 Verses About Wasting Money
- 1Proverbs 21:20
“There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up.”
KJV - 2Proverbs 22:7
“The rich ruleth over the poor, and the borrower is servant to the lender . the lender: Heb. the man that lendeth”
KJV - 3
- 4Luke 16:1
“And he said also unto his disciples, There was a certain rich man, which had a steward; and the same was accused unto him that he had wasted his goods.”
KJV - 5Luke 16:13
“No servant can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.”
KJV
Old Testament: What Does the Bible Say About Wasting Money? (2 Verses)
“There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up.”
“The rich ruleth over the poor, and the borrower is servant to the lender . the lender: Heb. the man that lendeth”
New Testament: What Does the Bible Say About Wasting Money? (3 Verses)
“So is he that layeth up treasure for himself, and is not rich toward God.”
“And he said also unto his disciples, There was a certain rich man, which had a steward; and the same was accused unto him that he had wasted his goods.”
“No servant can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.”
How to Study What the Bible Says About Wasting Money
- 1
Begin by reading through every verse listed on this page, noting which ones speak most directly to your current season of life. Write them down and revisit them throughout the week.
- 2
Use a concordance or the search tools on this site to find additional passages about wasting money. Look for patterns across both the Old and New Testaments to gain a complete picture of what God reveals on this subject.
- 3
Study the context of each verse. Read the surrounding chapter to understand who was speaking, who the audience was, and what circumstances prompted the passage. Context prevents misapplication.
- 4
Memorise at least one key verse about wasting money and meditate on it daily. Scripture memory transforms thinking and equips you to apply God's Word in real-time situations.
Practical Application
Studying what the Bible says about wasting money is only the beginning. Scripture is meant to be lived out in daily obedience and faith. Here are practical steps to apply these truths:
Identify one area of your life where the biblical teaching on wasting money needs to be applied more consistently. Write a specific, actionable step you can take this week.
Share what you have learned about wasting money with a fellow believer or in a small group setting. Teaching others solidifies your own understanding and encourages mutual growth.
Pray through the key verses about wasting money, asking God to reveal how His Word applies to your relationships, decisions, and daily habits.
How Well Do You Know What the Bible Says About Wasting Money?
You have studied 5 verses about wasting money. Now test your knowledge with chapter-by-chapter quizzes covering the books where these verses appear.