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Authentic Manhood

Authentic Manhood. Winning at Work & Home. Session 6:. How the Man Makes the Money Work at Home. Big Picture Perspectives. A. Money promises happiness , but the facts say otherwise. Big Picture Perspectives. B. What couples argue about the most and

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Authentic Manhood

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  1. Authentic Manhood Winning at Work & Home Session 6: How the Man Makes the Money Work at Home

  2. Big Picture Perspectives A. Money promises happiness, but the facts say otherwise.

  3. Big Picture Perspectives B. What couples argue about the most and longest is money. That’s a fact, too! The Reasons: 1. We have little, if any, practical, financial instruction to draw on. • Few of us were taught money management practices at home. • Few of us were taught money management practices in school. • Therefore, most couples address their financial issues through a painful trial and error process.

  4. Big Picture Perspectives B. What couples argue about the most and longest is money. That’s a fact, too! The Reasons: 2. We also have differing financial personalities. • The number conscious personality. • The carefree personality.

  5. Big Picture Perspectives C. For the reasons above, the Bible speaks long and loud on money with a wisdom that works.

  6. “Therefore, laying aside falsehood, speak truth to one another.” Ephesians 4:25 High Yield Money Practices for Couples A. Face the facts.

  7. High Yield Money Practices for Couples A. Face the facts. 1. Know what you really spend. 2. Tracking.

  8. “Can two walk together unless they be agreed?” Amos 3:3 High Yield Money Practices for Couples B. Decide together as a couple where you want your money to go before you spend it.

  9. High Yield Money Practices for Couples B. Decide together as a couple where you want your money to go before you spend it. 1. Look at the facts and budget out of this reality. 2. Most couples will need some outside help getting started with a budget. 3. Important: Never spend money that has not been pre-approved.

  10. “The borrower becomes the lender’s slave.” Proverbs 22:7 High Yield Money Practices for Couples C. Limit debt. 1. The good • Home 2. The questionable • Car loans • Student loans • Home Equity loans 3. The ugly • Credit cards

  11. A Winning Formula for Managing Your Money at Home A. This budget formula should be managed by Mr./Mrs. “Numbers Conscious.”

  12. A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM MTH is monthly take home income.

  13. “He who is generous will be blessed.” Proverbs 22:9 A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM G is the money we give away.

  14. “Honor the Lord from your wealth, and from the first of all your produce.” Proverbs 3:9 A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM G is the money we give away. 1. We need to regularly give some of our money away. 2. The Christian honors God for blessing him by giving a regular tithe.

  15. “But those who want to get rich fall into many foolish and harmful desires. For the love of money is the root of all sorts of evil and some by longing for it have pierced themselves with many sorrows.” 1 Timothy 6:9-10 A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM G is the money we give away. 3. For every man, Christian or not, giving: • Is a character builder that counteracts corrupting greed.

  16. A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM G is the money we give away. 3. For every man, Christian or not, giving: • Is a character builder that counteracts corrupting greed. • Connects us to helping others which is a major ingredient to personal happiness. • Connects us toa greater purpose than ourselves which is a second major ingredient to personal happiness.

  17. A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM S is what we pay to ourselves for saving for the future. 1. Save something out of every check. 2. A healthy, monthly saving amount: 10%

  18. A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM 1/12 IE is what we pay to ourselves for irregular expenses that come due throughout the year. 1. Quarterly car insurance, Christmas expenses, school tuition, repairs, etc. 2. Open a “freedom account.”

  19. A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM CA is Mr./Mrs. Carefree’s monthly allowance we pay out to bless and boundary our mate.

  20. A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM RMB are the regular, monthly bills we pay.

  21. A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM DM is the discretionary money we have left for ourselves as a couple. 1. Couples need to decide in their budget which areas should get this DM and how much. 2. Young married couples or couples who lack financial discipline may need to put these amounts in cash envelopes and spend out of them to discipline their discretionary spending.

  22. A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM DM is the discretionary money we have left for ourselves as a couple. 3. The numbers conscious personality watches over DM when it stays in the check book.

  23. A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM What about credit cards? 1. No charging unless we both agree. 2. Relinquish cards you can’t control.

  24. A Winning Formula for Managing Your Money at Home MTH - G - S - 1/12 IE - CA - RMB = DM What about God?

  25. Four “Musts” for the Married Man Concerning Money A. Accept responsibility for sound financial practices in your home whether you are the numbers conscious personality or not. 1. It reduces stress and conflict between you and your wife. 2. It draws your wife’s respect and admiration. 3. It brings security to your wife (a top feminine need!) and freedom to your marriage. 4. It requires the paradox principle.

  26. Four “Musts” for the Married Man Concerning Money B. Make sure you have provided for the future of your family. 1. Will 2. Insurance: death, disability

  27. Four “Musts” for the Married Man Concerning Money C. Provide a safe place for keeping all your important financial information. 1. Put everything in a fireproof container at home or in a safety deposit box at a bank. 2. Put a love letter inside.

  28. Four “Musts” for the Married Man Concerning Money D. Keep growing in your financial understanding. 1. Read good books. 2. Seek wise, outside counsel. 3. Get into a couple’s financial study group.

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