“Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it.” – Proverbs 21:20

More People Have Bank Accounts, But One in Ten Have No Cash Savings

The Financial Conduct Authority (FCA) has just revealed some eye-opening truths about the UK’s financial wellbeing:

  • 1 in 10 people have no cash savings at all
  • 21% have less than £1,000 for emergencies
  • 1 in 4 adults are financially vulnerable—struggling to keep up with commitments or missing payments

But here’s the good news: there is hope. And as Christians, we’re called to approach money with both faith and wisdom.

1. We Are Called to Prepare (Not Panic)

Having no savings doesn’t just hurt financially—it robs us of peace. Yet the Bible doesn’t call us to panic when we’re unprepared. It calls us to wise, faithful stewardship.

“Go to the ant, you sluggard; consider its ways and be wise!” – Proverbs 6:6

Having an emergency fund is a biblical way of showing love for your family and honouring God with your finances.

💡 Action Step: Start by building a £1,000 emergency fund, then work toward saving 3–6 months of expenses.

2. Stewardship Means More Than Saving

The FCA found that 61% of people with over £10,000 in savings are holding it all in cash—missing out on growth through investments.

Saving is good. But only saving? That’s not wise stewardship.

“Whoever gathers money little by little makes it grow.” – Proverbs 13:11

As believers, we’re called to multiply what God has entrusted to us—for His glory and the good of others.

💡 Action Step: Learn about investing sensibly to grow what you’ve saved in a way that is wise.

3. Don’t Struggle in Silence—Seek Help Early

The FCA also found that people who seek debt advice feel more in control—with 61% saying their debts became manageable as a result.

Yet many Christians stay silent about money issues out of shame. That’s not how the body of Christ is meant to operate.

“Plans fail for lack of counsel, but with many advisers they succeed.” – Proverbs 15:22

💡 Action Step: Visit MoneyHelper.org.uk or Christians Against Poverty for free guidance.

4. Rethinking Retirement: It’s More Than a Number

The FCA reports that one-third of UK adults with pensions have less than £10,000 saved.

But your retirement isn’t just about stopping work. It’s about being free to serve, give, and mentor in your later years—without financial worry.

💡 Action Step: Review your pension contributions and investment strategy. Small changes now can lead to massive impact later.

5. God’s Word Offers Peace and Purpose

Yes, the stats are sobering. But the direction of your financial life can change today—with wisdom, action, and God’s guidance.

You don’t have to figure it out alone.

“Commit to the Lord whatever you do, and He will establish your plans.” – Proverbs 16:3

Let’s Pray

Heavenly Father,
Thank You for being our Provider. Teach us to honour You with our finances, to plan wisely, give generously, and live with contentment. Help us trust You in both abundance and lack. Amen.

God Bless

Ten Talents