Stewardship is not about tithing or managing your money well. It is about the decisions you make regarding the resources God has entrusted to you. Those resources include time, talents, labor, knowledge, assets, spiritual gifts and people, as well as money. God has provided you with these blessings and you are supposed to use them in a way that pleases Him. When you have a biblical understanding of stewardship you will be able to surrender yourself to the will of God. You will see that stewardship is as much a spiritual exercise as it is a temporal one.
Stewardship ties in with economics because the latter is the study of how we allocate scarce resources. On the first day of Econ 101 you learn the fundamental problem that resources are scarce and our desires are insatiable. That means we have to set priorities and make budgets to gain the most satisfaction from the use of our time, money, and any other resource. This goes far beyond credit cards, retirement accounts, and how you save for a new home or car.
Christians need to understand economics then to be good stewards but they need to study it from a biblical worldview. There are a few principles we need to lay down as a foundation for a proper understanding of economics.
The earth is the Lord’s, and the fulness thereof; the world, and they that dwell therein.
Biblical stewardship is based on the principle that God owns everything. He has ownership rights over all creation and over us. An owner has the right to decide how to use his own property. He can use it however he pleases. The Lord created us for His good pleasure, to know Him and enjoy Him. All of creation is designed towards the ultimate goal of giving glory to God.
And God blessed them, and God said unto them, Be fruitful, and multiply, and replenish the earth, and subdue it: and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth.
God commanded Adam and Eve to populate the Earth and exercise dominion over it. He wanted us to use our abilities to harness and exploit the maximum value from creation. Since the fall of Adam and Eve God has worked to redeem creation. In these latter days He is working through His church.
His lord said unto him, Well done, thou good and faithful servant: thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord.
Stewardship is important because it comes with responsibility and accountability. God calls us to live according to His will. We also know that a day of reckoning will come wherein we must give an account to Him of what we did in this life. In the various parables that Jesus told the master or lord always came back and took account of what the servants had done. Jesus will come back and judge our works. We need to be prepared for that day and be ready.