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Christian Financial Principles. Elements of a Financial Plan. Prayer Determine What God Says About Finances (including proper attitude toward money & things) Consider Your Attitudes and Outlook Toward Money and Material Things Determine Your Financial Position Establish Goals
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Elements of a Financial Plan • Prayer • Determine What God Says About Finances (including proper attitude toward money & things) • Consider Your Attitudes and Outlook Toward Money and Material Things • Determine Your Financial Position • Establish Goals • Develop a Management Plan • More Prayer • Start Today
The Plan Itself • Purpose to “Prove” God (Malachi 3:10) • Determine Your Position • What God Has Given You (What You Own) • How You Use God’s Gifts (How You Spend) • Are You In Debt ? • Set Goals (Giving, Saving, Spending) • Create a Written Budget (computer?) • Adjust Your Habits & Live In Budget
The Plan Itself • Keep Your Budget up to Date • Evaluate What You Spend Monthly • Figure Out Where the Cash Goes • Revise the Goals, Revise the Budget but not the Plan • Follow The Plan
The Plan Itself • Follow it! • When You Mess Up, Start Over • Pray (for Wisdom & Help…not a change in circumstances) • Ask Folks For Advice, Help And Encouragement
Goals • Set Biblical Goals • Honor God (Firstfruits) • Lack for Nothing (Trust God for Necessities) • Not So Much that You Stop Depending on God • Spread the Gospel (Missions) • Give / Provide for Others In Need (Alms) • Not Worldly Goals !!! • Materialism (Get More Things) • Position (Impress Others) • Financial Security (or so you think) • Comfortable Life
Don’t Compare or Compete • Keeping Up With the Jones’ • Comparing Yourself With Others • Always consider God’s Purpose for You! • Don’t Compete With His Purpose for You
Budget • A Tool Not A Weapon • Keep Track of What You Spend • A Way To Manage Your Finances • You Are Budgeting • A Budget is A Forecast
Making Good Financial DecisionsFrom Now On…… • Is it something that I want or need? • Can I afford it without adding debt? (Does it fit in my budget?) • Will going ahead with it violate anything God says in the Bible? • Have I prayed about it and received God’s answer to my prayer? • Do I know it is God’s will for me? • Will God be pleased with my decision? • Am I robbing God?