The concepts of microeconomics and macroeconomics is considered in the Workshop Four assignments. Jesus talks about one of these concepts in 1 Corinthians 16:2-3. You will examine that scripture in this devotional.

Read 1 Corinthians 16:2?3 in your Bible.

Give your thoughts about which economic concept Jesus discusses in the Bible passage you read.

In the 1st Corinthians 2-3, the Bible outlines the concept of savings. It encourages people to put a portion of their earnings aside for future use. Thus people are encouraged to store some part of their income instead of consuming the whole of it immediately. Saving will lead to future prosperity since it forms a basis for wealth creation by providing capital for investment. Saving will also reduce the future burden of having to fulfill needs. A person saving at present will not have to worry about fulfilling his or her financial obligations in the future. The scripture also encourages people to prioritize saving. It advises them to set aside the earnings from the first day of the week. Therefore people should save first and then consume what remains after saving. The culture of making savings requires discipline. It also requires consistency and devotion to make regular savings. Saving also increases the financial credibility of the savers.