Marriage and Finances: Guidelines for Investing

There is perhaps no aspect of the Christian life in which there is a greater need for balance than in the area of financial planning and management. For the believer, the unseen reality of the kingdom of God introduces an element into the equation that simply does not exist for the non-believer.

If there were no God, no heaven, and no question of walking by faith rather than sight (2 Corinthians 5:7), we'd advise you to start planning now for the future by investing as much of your monthly income as you can manage to put aside. Unfortunately, there's an important sense in which this kind of counsel seems to run contrary to the words of Jesus:

Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal; but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also. (Matthew 6:19-21)

Therefore do not worry, saying, "What shall we eat?" or "What shall we drink?" or "What shall we wear?" For after all these things the Gentiles seek. For your heavenly Father knows that you need all these things. But seek first the kingdom of God and His righteousness and all these things shall be added to you. Therefore do not worry about tomorrow, for tomorrow will worry about its own things. Sufficient for the day is its own trouble." (Matthew 6:31-34)

It's been said many times that Jesus had more to say about money than almost any other subject. What isn't pointed out quite so often is exactly what He had to say about it. As a matter of fact, Jesus consistently urges us to keep a light touch on our money, to handle it in such a way that it is never allowed to get a grip on our sensibilities or to become the basis of our confidence and trust. Again and again He tells us to shake ourselves free from dependence upon money by giving it away, using it for the good of others, and investing it in the invisible work of His kingdom. Ultimately, our reliance needs to be in the grace and provision of the Lord rather than in our own financial resources. Otherwise, our loyalties will become divided: "You cannot serve God and mammon" (Matthew 6:24).

Does this mean that you and your spouse should simply sell all of your possessions and sit on a mountaintop somewhere waiting for the Lord's return? Not necessarily. This is where the need for balance comes in. It's at this point that we have to remember that there's another side to this issue. The apostle Paul blamed those who were unwilling to take any thought for the provision of their daily needs, saying, "If anyone will not work, neither shall he eat" (2 Thessalonians 3:10). In the same spirit, he advised believers "to lead a quiet life, to mind your own business, and to work with your own hands, as we commanded you, that you may walk properly toward those who are outside, and that you may lack nothing" (1 Thessalonians 4:11, 12). He also said that "if anyone does not provide for his own, and especially for those of his own household, he has denied the faith and is worse than an unbeliever" (1 Timothy 5:8).

As we see it, wise investments can be one way of providing for the needs of your household. Yes, investment is selfish if you're investing only in your own comfort and security, but there's another way of looking at it. It can also be a matter of wise stewardship. If you have children, investing provides a good model for them by teaching them self-discipline and the value of delayed gratification. It can also enable you to help your child "get on his feet" as a young adult or provide financial aid to an aging and ailing parent.

If you need help threading your way through the maze of stocks, bonds, certificates, and annuities, we'd advise you to seek the help of a financial planner who shares your values and beliefs. If after consulting with the financial planner you still disagree, pray about it – separately and together. It's important to wait until you agree, or at least are willing to compromise, before making a decision to invest. An investment that doesn't work out can become a source of resentment between spouses if only one supported it.

Generally speaking, we'd suggest that when it comes to investing, you need three kinds of plans: short-term, intermediate, and long-term.

Short-term plans are to meet needs that might arise in the next one or two years, including emergencies. With short-term investments, the primary goal is liquidity – making sure the money is quickly available to you. Money markets, savings accounts, and certificates of deposit will be among the most likely places to invest this money.

Intermediate needs are those you're likely to face two to five years from now – a down payment on a home, or a replacement car, for instance. You may be able to earn a little more interest toward these expenses by taking a little more risk. Possible investment options in this category include government bonds, corporate bonds, and equity income investments. The longer you can hold the investment and the more risk you're willing to take, the more you may earn (though it's not guaranteed).

The typical long-term investment is for retirement. That's where compound interest comes in. If you invest $4,000.00 a year in an Individual Retirement Account (IRA), you'll have invested $168,000.00 in forty-two years. But because of compound interest, if you've gotten an 8 percent rate of return, you'll have about $1,216,974.00! When it comes to this type of investment, there's a certain perspective from which it's accurate to say that you can't afford to wait. Get started now, even if you have to start small. It will pay off in the end.

For additional help and information on this topic, we'd encourage you to consult the resources and referrals highlighted below. Or if you have relationship concerns and challenges associated with this situation, please don't hesitate to give our Counseling department a call.

 

Related Video
Should I Borrow to Make an Investment?: Ron Blue provides principles for approaching investment decisions.

Resources
Complete Guide to Faith-Based Family Finances

The Total Money Makeover: A Proven Plan for Financial Fitness

Your Money Map: A Proven 7-Step Guide to True Financial Freedom

Referrals

Crown Financial Ministries

Dave Ramsey

Debt-Proof Living

Articles
Money and Finances

Managing Money

Excerpted from The Complete Guide to the First Five Years of Marriage, a Focus on the Family Book published by Tyndale House Publishers. Copyright © 2006, Focus on the Family.