Hetty Green (see picture) is in the Guinness Book of World Records as the world's greatest miser. In the early 1900's, she had more than $95 million in the bank. But she only owned one dress and wore it for years. She ate cold oatmeal because she didn't want to pay for the gas to heat it. Her son had to have his leg amputated because she took too long to find a free hospital to treat him. She knew how to save money, but she didn't know how to let go of it.
Jesus told a parable about a wealthy man who decided to tear down his barns and build bigger ones to store up his goods. He thought he had many years to live, but that night he died and left it all behind. Jesus concluded, "So is the man who lays up treasure for himself and is not rich toward God" (Luke 12:21). This man lived only to accumulate for himself and never gave anything to God.
One reason the Lord wants His people to be generous is to keep us from becoming misers. Psalm 37:21 says, "The righteous is gracious and gives." Stingy people aren't gracious and they don't give. Yes, the Lord does want us to save part of our income to be ready in case of an emergency, but He doesn't want us to be so dependent on our money that we trust in it rather than God (see 1 Tim. 6:17).
To listen to the entire message on this topic, go to
http://www.churchoflivingwater.net/ and click on
Financial Freedom Pt. 3 "The Saving Factor"