For the month of May, we’ll take a brief look at 31 wise sayings from Proverbs 11, that’s one proverb a day…
If someone puts up security for a stranger, he will suffer for it; but the one who hates such agreements is protected.Proverbs 11:15, Christian Standard Bible
Many proverbs urge us to be wise with our finances. How we spend and save can make or break us, or to a lesser extent, put us behind for a moment causing us to have to play financial catch up.
This proverb is an application of that general idea. Putting up security would be similar to cosigning a loan in today’s vernacular. Many financial advisers caution cosigning for a person you know well. But to do so for a stranger makes no more sense than tossing money out a window.
If you want to have more money available so that you can be generous, serve others, and enjoy life (1 Timothy 6), then be wise with how you spend it and be wise with any business ventures you might consider. Think through decisions and don’t rush into partnerships, especially with people you barely know.