Why Do You Hate Money?
What if someone asked, “Why do you hate money?” every time they saw you with a frivolous purchase? Better yet, what if someone asked you this before you bought that $5 daily coffee drink, or gorgeous new shoes, or that fancy new phone? Would that change your spending at all?
What if you asked yourself, “Why do I hate money?” when making spending choices.
What if someone asked, “Why do you love money?” every time you thought about money? Better yet, what if someone asked you this before you checked the stocks for the third time that day, or search for deals or coupons, or took on more side gigs? Would that change your savings at all?
What if you asked yourself, “Why do I love money?” when making financial choices.
Of course, none of the actions I’ve mentioned—from buying a mocha to a car, to checking stocks or side hustling—are wrong. What matters is why we do them, and what we’re ultimately trusting in to bring satisfaction. The casual spender who frequents Starbucks could have a much better relationship with money than the frugal, committed net worth tracker. Or vice versa.
Three Attitudes Toward Money
The Bible has something to say about our attitude toward money: “The love of money is the root of all kinds of evil.” The love of money tends to manifest itself in one of the two ways described above. Either you love having money, or you love spending money (what I call “hating” money). Each of us has a natural tendency to save or spend; to love or hate money; to hold onto money too tightly or too loosely.
The Bible also suggests a different perspective on money: it is simply a resource to be managed. If “the earth is the Lord’s and everything in it” (Psalm 24:1) and there’s nothing we’ve been given “which you have not received” (1 Corinthians 4:7), then it all ultimately belongs to God. The parable of the talents, found in Matthew 25:14-30, illustrates the principle that we are managers, not owners. This view actually motivates me to manage money better than if it were mine to do with as I pleased.
It’s important to note that if money is a resource for us to manage, it isn’t inherently good or evil. In fact, the Bible says wealth can become “filthy riches” or a “blessing” from the Lord. It all depends on the manager’s attitude toward it and use of it.
Breaking Free From Loving or “Hating” Money
Money is neutral, and therefore doesn’t deserve our love or hate. Don’t waste your passion on pieces of paper your government has assigned some value to. Money itself is cold, detached, indifferent. And these should be our feelings toward money.
We manage money well by harnessing it as a tool. A tool isn’t good or bad on its own. Think of a knife. It’s amoral. I can use it for good—to cook a meal for my family. Or I could use it violently, to harm an innocent person. In either case, the knife isn’t right or wrong. The person wielding it is the one we pass judgment on.
We will wield money one way or another. What good can you do with money? The possibilities are endless. Charitable giving, freeing yourself up to volunteer, providing for your family, practicing hospitality, and being available for family and friends come to mind.
So you can go through life prioritizing how to have more money—loving money. You can go through life prioritizing your next purchase that will make life better—“hating” money. Or you can manage well the money that’s been entrusted to you, motivated to please the good and gracious Giver.
Are you naturally a saver or a spender? How does viewing money as a resource to be managed free you up to make better financial choices?