The Bible clearly discourages love of money as it is considered as the root cause of all evil. When we become obsessed with wealth and possessions our desires increase unnecessarily.
Consequently, either we become frustrated in our attempts to accumulate more wealth and fulfill unlimited desires or we tend to deviate from the right path. The Bible, nonetheless, is not against the idea of saving money for a rainy day.
“For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows.”
~ 1 Timothy 6:10