Money, Loans, and the Bible: Simple Tips from a Banker Who’s Been There for 20+ Years ~ Timi Nadela

Every day, I talk to people just like you—people who want to get out of debt, borrow money the smart way, and finally feel in control of their finances. I’ve worked in the banking industry for more than 20 years. I’ve seen the good, the bad, and the confusing side of how money works. That’s why I started writing eBooks—to help you understand money in a simple, honest way.

Money doesn’t have to be scary or overwhelming. With the right tools, the right mindset, and a little wisdom from the Bible, you can take charge of your finances and move toward a better future.

Let’s walk through some of the most important things I’ve learned over the years as a banker—and how the Bible supports wise financial choices.

1. Money Is a Tool, Not a Master

The Bible teaches us that money is not evil by itself, but the love of money is dangerous.

“For the love of money is the root of all kinds of evil.” – 1 Timothy 6:10 (NIV)

When I worked at Wells Fargo Bank, JP Morgan Chase, and even at a credit union, I saw people who made a lot of money—but they were always stressed, always borrowing, and always behind. Why? Because they didn’t manage money well. They let money control them, instead of using money as a tool.

You must tell your money where to go. That’s called a budget. A budget is simply a plan. If you don’t have a plan for your money, it will disappear—and you’ll keep living paycheck to paycheck.

2. Understand Your Credit: It Matters More Than You Think

Credit is your financial reputation. When you apply for a loan, the bank checks your credit score. A high score means you’re likely to pay the loan back. A low score means you’ve had problems paying bills on time or borrowed more than you could afford.

“A good name is more desirable than great riches; to be esteemed is better than silver or gold.” – Proverbs 22:1 (NIV)

When I was a business development officer, I taught small business owners how to build their credit the right way. I showed them how credit cards work, how to avoid high interest, and how to pay on time. These small steps helped them get approved for better loans with lower interest.

Tip: Pay your bills on time, keep credit card balances low, and check your credit report regularly.

3. Loans Are Not Free Money

Many people come to me asking for a personal loan, a car loan, or a business loan. They think it's a quick solution—but they don’t always understand what they’re signing up for. Loans must be paid back, and often with interest. That means you’re paying more than you borrowed.

“The borrower is slave to the lender.” – Proverbs 22:7 (NIV)

This verse always hits home. I’ve seen people borrow without reading the fine print. Then they get stuck with high monthly payments they can’t afford. Before you take out a loan, ask these questions:

Do I really need this loan?
Can I afford the monthly payment?
What is the interest rate?
How long will I be in debt?

It’s okay to borrow when you need to—but be wise. Don’t borrow to impress others. Don’t borrow to cover bad spending habits. Pray about it first, and get advice if you’re not sure.

4. Live Below Your Means

In my years of working with customers in different banks, I noticed one thing: people who live below their means are usually the happiest. That means they spend less than they earn. They save money. They avoid debt. They have peace of mind.

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

You don’t need to drive a fancy car, buy expensive clothes, or go out every weekend to live a good life. Save a little each paycheck. Build an emergency fund. Avoid comparing yourself to others—because many people are in debt behind closed doors.

5. Credit Unions vs. Big Banks

I’ve worked in both big banks and credit unions. Here’s a simple difference:

Big Banks are for-profit. They make money for shareholders. They usually have more locations and services, but sometimes higher fees.
Credit Unions are not-for-profit. They are owned by members (you). They often offer lower interest rates on loans and better customer service.

If you’re starting fresh or trying to rebuild your finances, a credit union can be a good option. Many credit unions offer financial coaching, free classes, and even small starter loans.

6. God Cares About Your Finances

Some people think money is a worldly issue and has nothing to do with God. That’s not true. God wants us to be wise stewards of what He gives us. Stewardship means managing well.

“Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things.” – Matthew 25:23 (NIV)

Whether you have a little or a lot, it matters how you use it. Give generously. Save wisely. Spend carefully. And most of all, trust God to provide.

7. Start Small, But Start Now

Many people feel stuck. They say, “I have too much debt” or “It’s too late for me.” That’s not true. Every big change starts with one small step.

Here are a few things you can do today:

Write down all your debts and bills.
Set a simple budget for the next month.
Open a savings account and save $10 this week.
Stop using credit cards for non-essentials.
Ask God for help and wisdom.

“If any of you lacks wisdom, let him ask of God, who gives to all generously.” – James 1:5 (NASB)

Why I Wrote My eBooks

After two decades in the banking world, I wanted to do more than just help one person at a time. I wrote several eBooks in simple English to help people like you understand the ins and outs of money—without the banking jargon. I share real-life examples, Bible verses, and lessons I’ve learned from clients, business owners, and my own mistakes.

My goal is to help you live free from fear, free from paycheck-to-paycheck living, and free from the trap of debt. Money should serve you—not the other way around.

Final Thoughts

You don’t need to be rich to manage money well. You need wisdom, discipline, and faith. I’ve worked with single moms, small business owners, retirees, and young couples. The ones who succeed are not always the ones who make the most—but the ones who learn, stay humble, and take action.

Let God lead you. Use the tools around you. And if you need help, don’t be afraid to ask. That’s what I’m here for.