[Wesley] had just finished buying some pictures for his room when one of the chambermaids came to his door. It was a winter day and he noticed that she had only a thin linen gown to wear for protection against the cold. He reached into his pocket to give her some money for a coat, and found he had little left. It struck him that the Lord was not pleased with how he had spent his money. He asked himself: “Will Thy Master say, ‘Well done, good and faithful steward?’ Thou has adorned thy walls with the money that might have screened this poor creature from the cold! O justice! O mercy! Are not these pictures the blood of this poor maid?”
Perhaps as a result of this incident, in 1731 Wesley began to limit his expenses so he would have more money to give to the poor. He records that one year his income was £30, and his living expenses £28, so he had £2 to give away. The next year, his income doubled, but he still lived on £28 and gave £32 away. In the third year, his income jumped to £90; again he lived on £28, giving £62 away. The fourth year, he made £120, lived again on £28, and gave £92 to the poor.
Wesley preached that Christians should not merely tithe, but give away all extra income once the family and creditors were taken care of. He believed that with increasing income, the Christian’s standard of giving should increase, not his standard of living. He began this practice at Oxford and he continued it throughout his life. Even when his income rose into the thousands of pounds, he lived simply and quickly gave his surplus money away. One year his income was slightly over £1,400; he gave away all save £30. He was afraid of laying up treasures on earth, so the money went out in charity as quickly as it came in. He reports that he never had as much as £100 at one time.
“When he died in 1791, the only money mentioned in his will was the miscellaneous coins to be found in his pockets and dresser drawers. Most of the £30,000 he had earned in his lifetime he had given away. As Wesley said, “I cannot help leaving my books behind me whenever God calls me hence; but, in every other respect, my own hands will be my executors.”
Excerpt from Charles Edward White’s book, “Four Lessons on Money from One of the World’s Richest Preachers.”