Six principles of wise money management:

1. Use a budget (Pr. 21:5a).

2. Have a savings plan (Pr. 21:20).

3. Don’t cosign for someone else’s loan (Pr. 6:1-5; 17:18; 22:26-27; cf. 11:15; 20:16).

4. Stay out of debt (Pr. 22:7).

5. Avoid get-rich-quick schemes (Pr. 29:19-20, 22).

6. Don’t buy on impulse (Pr. 21:5b).