The “10/10/80 Principle” is a stewardship challenge
What is Stewardship?
Has someone ever asked you to watch their kids? Are you responsible for managing an office or people on behalf of an employer? Do you have a financial advisor overseeing your investments?
If you answered yes to any of these three questions, then you are or have been a steward.
In general, to steward is to manage something on someone’s behalf. Whether a family member, friend, or employer asks you to watch over something, then you're stewarding—managing—whatever they entrusted to your care.
In the Bible, stewardship is another way of talking about how you live your life. In the New Testament, the word “steward” is rooted in the Greek word “oikonomos,” which means “the manager of a household."
If you were a steward in Ancient Greek culture, you were not the owner of the house. Instead you would have been the manager of the house and the household affairs. From making sure the home was clean to managing the finances and perhaps servants, you would have managed everything on behalf of the owner.
In light of Bible verses about stewardship below, you’ll see that your life is not your own. Your life is on loan from God—regardless if you acknowledge this or not—and God calls you to steward everything about your life for his glory and the good of others.
To help you see the duties of a steward in the Bible, let’s look at seven Biblical texts on stewardship that will give you a better idea of what biblical stewardship means.
Definition taken from https://get.tithe.ly/blog/stewardship-bible
What is the “10/10/80 Principle”?
The overall challenge of the 10/10/80 Principle is to understand how the handling of our finances as they relate to serving God and to life in general is always part of sacrificial living. Taking this challenge up during Lent can provide a wonderful time of focus for us to understand this.
So what do I/we do?
The idea is to…
Take 10% of your total income as a tithe to the work of the local church (First Moncton).
Take 10% of your total income and apply it to your savings. Apply it to saving for the future.
Take the remaining 80% of your total income and apply it to your regular living expenses.
It’s a simple as that. Commit to it for the 40 days and see how it goes. After that, it may become an impactful way of how you handle the stewardship of your finances and giving moving forward; trusting God to continue to meet all of your needs.