5 Steps to Overcoming a Financial Crisis | Positive Encouraging K-LOVE (2024)

5 Steps to Overcoming a Financial Crisis | Positive Encouraging K-LOVE (1)

And this same God who takes care of me will supply all your needs from His glorious riches, which have been given to us in Christ Jesus. – Philippians 4:19 NLT

First, I want to assure you that God still loves and cares for you. Don’t give up in the midst of this difficult season. God sees your pain. He has promised us He will never leave us, nor forsake us. Here are some more verses for you to hold onto.

Jeremiah 29:11 says, “‘For I know the plans I have for you,’ says the Lord. ‘They are plans for good and not for disaster, to give you a future and a hope.’”

Proverbs 3:5-6 says, “Trust in the Lord with all your heart; do not depend on your own understanding. Seek His will in all you do, and He will show you which path to take.”

Psalm 34:18 says, “The Lord is close to the brokenhearted; He rescues those whose spirits are crushed.”

Here are some practical steps to take as you attack your debt and battle for financial peace:

1. Make an honest assessment. Figure out what’s causing your financial trouble. Is it a spending habit, an addiction, unexpected bills, or a lack of income? Ask yourself this question: How am I using the money God has entrusted me with?

2. Seek God. In the midst of your financial trouble, ask Him for direction and wisdom. Are there any changes that need to be made in your spending habits? Seek the Lord for answers, and keep your eyes fixed on Christ.

3. Thank God for what you do have. Make a gratitude list, and thank God for His provision. Gratitude can go a long way!

4. Develop a written budget. Take time to write out your budget at the beginning of every month. Have a clear written plan and stick to it.

5. Remember, you are managing God’s money. Don’t forget, it all belongs to Him. You are simply a steward of what God has entrusted to you.

Dig Deeper

1. Consider finding a financial counselor or a ministry like Crown Financial to help you through your financial struggles.

2. Which of the 4 areas listed do you need to practice first?

RELATED CONTENT: 8 Prayers for Times of Financial Stress

5 Steps to Overcoming a Financial Crisis | Positive Encouraging K-LOVE (2024)

FAQs

5 Steps to Overcoming a Financial Crisis | Positive Encouraging K-LOVE? ›

You are the God who provides all my needs according to your riches in Glory. I come to You as I am struggling financially, asking for your provision. Remove my fear, doubt, and unbelief. Fill me with Your peace and confidence in the promise of your care for me in time of need.

What is the financial prayer that really works? ›

You are the God who provides all my needs according to your riches in Glory. I come to You as I am struggling financially, asking for your provision. Remove my fear, doubt, and unbelief. Fill me with Your peace and confidence in the promise of your care for me in time of need.

What does God say about struggling financially? ›

The Bible reminds us that we can find strength and hope in our relationship with Christ, who promises to meet all our needs according to His abundant riches (Philippians 4:19). Overcoming financial struggles is not a one-time event but a journey that requires us to continually surrender our worries and fears to God.

What is the powerful prayer to get out of debt? ›

A Powerful Prayer for Getting Out of Debt

Dear God, I pray for relief from the burden and unbearable weight of debt. I'm so thankful that even though I may have made bad choices that got me into debt, You are much bigger than my mistakes. I ask for deliverance from the stress of debt.

What are three prayers to say during financial hardship? ›

  • God,
  • I need finances right now, so I'm crying out to you. I need income to pay my bills, buy food, pay debts, and for the other things I need. ...
  • Also, help me redirect my thoughts from focusing on my current financial issues to you. ...
  • I trust you, Lord, with my life and with my finances. ...
  • In Jesus Name, Amen.
Nov 1, 2021

How do you pray to someone who is struggling financially? ›

Lord, I turn to You for peace in the middle of my financial challenges. Please calm my worries and fears by reminding me of Your promise to sustain me. Guide me and provide for me as I keep looking to You. Help me to face financial stress with clarity and confidence—trusting You to see me through this storm.

How to break financial hardship Bible verse? ›

Turning to Bible verses for financial struggles can be incredibly helpful. Verses such as Philippians 4:19, which states, “And my God will meet all your needs according to the riches of his glory in Christ Jesus,” are a reminder that God is a faithful provider.

How to stay positive in a financial crisis? ›

How to Deal with Financial Stress?
  1. Identify the Source of Your Money Stress. Stress related to dealing with money should be identified. ...
  2. Make a Budget or Spending Plan. Having a plan can reduce stress. ...
  3. Start an Emergency Fund. ...
  4. Increase Your Income. ...
  5. Automate Your Finances.
Sep 21, 2023

Why is God allowing me to struggle financially? ›

God is working to display His glory in our financial limitations. This is true not only because it forges our character to become more like Christ, but also because it allows us to be witnesses of Christ to those who do not know Him.

Does God answer financial prayers? ›

Some folks question whether it's okay to ask God for financial help. So first off, let's dispel the notion that God doesn't care about your money or that it's wrong to pray about your finances. Nothing in the Bible says that. If it's important to you, it's important to God.

How does God want me to handle my finances? ›

Live on Less Than You Make and Save

That means living on less than you make—so you'll have money left over to save. The Bible talks about the importance of saving in Proverbs 21:20 (NIV84), which says, “In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.”

What can I do for God to bless me financially? ›

If you want God to bless you financially, you first need to honor Him with your money, or as this verse puts it, “with the firstfruits of all your increase.” In other words, you need to tithe. The word tithe means “tenth,” which means to give 10 percent of your gross income to the Lord.

How do I ask God for immediate help? ›

I pray to you as I am desperate for help. I need to know that you care, that you love me, be my refuge from pain, replacing my distress with peace, and be my strength when I feel weak and find it hard to carry on.

How do I pray for immediate financial help? ›

I bring the stress and worry I have about financial difficulties in my life and surrender it entirely to You. Lord, help me to depend on you entirely in my time of need. Give me the grace to trust that you know what is best for my soul and that you carry me through any and all sufferings.

What psalm is for paying off debt? ›

By: Rob West & Jim Henry. “The wicked borrow and do not repay, but the righteous give generously.” - Psalm 37:21. As Christians, we know that paying our debts is important.

What is the powerful prayer for wealth? ›

"Dear God, I pray for abundance and financial prosperity in my life. Please bless me with the resources and opportunities to achieve my financial goals and provide for myself and my loved ones."

What is the one minute prayer for money blessing? ›

Oh Heavenly Father, I ask that you will bless me with wealth. and abundance in every aspect of my life. I believe that you have the power to provide for me. and fulfill all my needs.

How do I ask God for a financial miracle? ›

"Father God, thank You for all the good things I have in my life and all the blessings You have given me. I pray to You today to ask for a financial miracle. I know that You hear me right now and that You will lead me in the right direction. My finances are in Your hands, Lord.

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