The key to honoring God with your finances is remembering that your money is not your money. God owns it all and gives it to us as He pleases. Establish a budget that allows you to pay all your bills in full and on time each month. If you can't pay them all, pay something on all of them and communicate your intentions of paying everything to those you owe. If you can't pay your regular bills, it's time to move to a smaller house, drive an older model car, or make drastic cuts until your outgo matches your income.
Debt carries with it heavy responsibilities.
Don't allow yourself to become a slave to creditors. Don't take on debt unless you have a clear plan for repaying it. Certainly stay away from debt if it is a habit out of control. Small emergencies can eat at your budget every month unless you begin to set aside funds as part of your budget. Use your resources for personal enjoyment.