6 Common Money Mistakes That Are Hazardous to Your Wealth

“A slack hand causes poverty, but the hand of the diligent makes rich.” — Proverbs 10:4 At Faith and Finance, we believe the Bible offers timeless financial wisdom—and sometimes, that wisdom shows up in the form of gentle correction. Let’s face it: we all make financial missteps—some intentional, others unintentional. But every mistake is an opportunity to grow in wisdom and stewardship. If you’ve made some poor decisions with your money, don’t let Proverbs 10:4 discourage you. Instead, take heart in Proverbs 19:20:“Listen to advice and accept instruction, that you may gain wisdom in the future.” Let’s walk through six money mistakes that can quietly erode your wealth—and how to avoid or correct them with diligence and wisdom.