ChristianFinance Gordon Mallory. 4 Steps to Christian Money Management Any attempt at money management without good family communication is a waste of

Christian Christian FinanceFinance

Gordon Mallory

4 Steps to Christian Money 4 Steps to Christian Money ManagementManagement

• Any attempt at money management without good family communication is a waste of time.

• Set up a 3-month or 6-month plan. • Never purchase over $50.00 without talking it

over first.


• 1. Determine your goals:• First, list what you want for your family. • Long-Range Goals:• Goals for the Next 5 Years:• Goals for This Year:


• 2. Estimate your income:• List all regular monies your family expects to

receive during the year: salaries, dividends, rents, gifts, bonuses, allowances, and other sources.


• 3. Plan your giving, saving, and spending:• 4. Remember that the budget is to serve you:• A budget is a tool to help your family achieve

your goal in a given time.

A Look at Biblical Principles in A Look at Biblical Principles in Personal FinancesPersonal Finances

• Accounting:• Matthew 18:23-25: "The Kingdom of Heaven

can be compared to a king who decided to bring his accounts up to date."

• Romans 14:12: "Yes, each of us will give an account of himself unto God.


• Budgeting & Planning:• Proverbs 22:3: "A prudent man forsees the

difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences."


• Proverbs 22:3-4: "Any enterprise is built by wise planning, becomes strong through common sense, and profits wonderfully by keeping abreast of the facts."

• Proverbs 27:12: "A sensible man watches for problems ahead and prepares to meet them. The simpleton never looks, and suffers the consequences."


• Attitudes & Actions in Our Business Life:• Proverbs 13:11: "Wealth from gambling

quickly disappears; wealth from hard work grows."


• Be Honest?? Or Cheat??• Romans 12:17• Luke 16:8-12: "For unless you are honest in

small matters, you won't be in large ones. If you cheat even a little, you won't be honest

with greater responsibilities."


• Contentment:• Hebrews 13:5 • I Timothy 6:6-10• Philippians 4:11-12• II Corinthians 6:10• Luke 3:14


• Co-Signing Notes:• Proverbs 6:1-5• Proverbs 17:18• Proverbs 20:16


• Debt:• Romans 13:8: "Pay all your debts..."• Proverbs 22:7: "Just as the rich rule the poor,

so the borrower is servant to the lender."


• Check the Facts:• Proverbs 14:8, 15:• Proverbs 18:13• Proverbs 24:27• Matthew 6:19-21:


• Needs:• Jeremiah 17:7-10• Luke 6:38 • John 10:10• II Corinthians 8:9


• Prudence (Discretion, Foresight):• Proverbs 13:16• Proverbs 16:21• Proverbs 27:12


• Saving Money:• Proverbs 21:5,20• Proverbs 30:24-25• Slothfulness• Proverbs 18:9


• Speculation:• Ecclesiastes 5:15-17


• Tithing & Giving:• Deuteronomy 14:33• Malachi 3:10• Proverbs 3:9-10• II Corinthians 9:6-8• Hebrews 7:1-2


• Waste:• Luke 15:13• John 6:12• Genesis 37-41


• Desire to Serve:• Genesis 41- Provision was through a plan• Exodus 15 - Moses• I Kings 17 - Elijah


• II Kings 4 - Elisha• John 21:2-6 - Peter • Matthew 4:11 - Jesus • Luke 12:7 - His People

Christian Family BudgetChristian Family Budget

• 3 fundamental principles:• 1. Giving (Luke 6:38)• 2. Being Debt Free (Romans 13:8)• 3. Saving (Genesis 41:35)• Proverbs 22:3

4 Basic Reasons Why Families 4 Basic Reasons Why Families Experience Financial Difficulty Experience Financial Difficulty

• 1. Failure to Give• 2. Failure to Provide for Emergencies• 3. Failure to Resist Credit Buying• 4. Failure to Set Aside Funds for Depreciable

Items

What Are The Benefits Of A What Are The Benefits Of A Budget?Budget?

• Train the family in the things of finance -- Stewardship

• Establish a new dimension of communication in the home.

• Measure what God is saying in various decision-making situations.

Rules of Budgeting:Rules of Budgeting:

• Make a list of all your monthly, quarterly, semi-annual, and annual expenses.

• Then divide your quarterly, semi-annual, and yearly expenses into monthly amounts.

• Group similar expenses together and place them in their respective categories.

What About Giving?What About Giving?

• Give tithes and offerings to God. • Give to other Christians. • Give to the poor. • Proverbs 19:17

What About Receiving?What About Receiving?

• Labor -- Romans 12 • II Corinthians 8:14-15• Receive from an answer to prayer.

What About Spending?What About Spending?

• Build up sales resistance. • Get the best buy.• Make prompt payments.

Key to Godly SuccessKey to Godly Success

• Remember where you came from.• Live within your blessing.• Share what you have.

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ChristianFinance Gordon Mallory. 4 Steps to Christian Money Management Any attempt at money management without good family communication is a waste of