How Much Money Is Enough? (and Other Wisdom From Proverbs)

Recent research by T. Rowe Price reveals that parents who are “trying to keep up with the Joneses” are more reluctant to talk to their kids about money, and 40% of parents are uncomfortable having money conversations with their children. In the ancient book on wisdom, the book of Proverbs, we see that the wisdom […]

4 Possible Reasons Some Pastors Struggle Financially

Of the more than 700 pastors’ spouses surveyed in a recent LifeWay research project, more than half expressed that their income from the church is insufficient, and more than two-thirds are concerned they do not have enough saved for retirement. Why is this? Why do so many families in local church ministry struggle financially? While […]

6 Ways to NOT Waste Your Budgeting Process

Some people believe a budgeting process is a waste of time. I don’t mean the people who have a visceral reaction to budgets and strategy, but there are prudent and wise leaders who view a long budgeting process as bad stewardship. They say things like: We don’t even know how this year will end. “We […]

6 Thoughts for Pastors on Personal Finances

Because a pastor’s finances can be different from another person’s finances, I have often asked older and wiser pastors for counsel on managing personal finances. According to the apostle Paul, managing the home is no small matter for a pastor, and this includes our personal stewardship. “If anyone does not know how to manage his […]

A Simple Exercise for Organizational Stewardship

If you lead a ministry, department, or organization, you have likely been entrusted with the financial stewardship for your area of responsibility. You carry the burden both to execute the mission faithfully and to manage the financial resources wisely. And while the resources are merely tools to fulfill the mission your team has embraced, they […]