Christian Money Management
The subject of Christian money management goes beyond simple accounting principles and will also encompass such issues as personal values and integrity. For most Christians, the priority of attaining wealth will take a back seat to other concerns in life. Nevertheless, Christians are expected to handle monetary matters responsibly and in a way that honors God. The practice of tithing represents giving a portion of a believer's personal income back to God. In this area alone the believer will often differ from the non believer. While many individuals who do not profess any affiliation to any religious group have been known to be generous philanthropists, the practice of tithing is regarded by Christians as an act of worship. Giving ten percent or more of personal income back to the Kingdom of God is seen as a way of thanking God for His many blessings by offering up the first fruits of labor. Second to honoring God first, the notion of maintaining good stewardship practices with all of God's blessings is paramount. Good stewardship entails not being wasteful with resources, and using God's provisions in a way that reflects honesty and reliability. These areas of Christian money management are of extreme importance to the serious believer.
Integrity is always a primary concern when it comes to Christian money management. For Christians, success at making money is no where near as important as the methods used to create the wealth in the first place. Taking advantage of another human being for the sake of profit should never be part of a Christian's approach to commerce. In addition, the person for whom honesty is a major priority will always take pains to make sure that they are giving an honest day's work. The ability to share blessings with those in need is a cornerstone principle in the growing Christian's life. Before any believer can consider themselves truly successful, they must also be willing to help out those in need. The Bible expresses this truth very clearly. "Whoso stoppeth his ears at the cry of the poor, he also shall cry himself, but shall not be heard." (Proverbs 21:13) Another important Biblical principle is that of success through hard work. While overnight success is rare, diligent and honest workers will be rewarded in due time. Careful spending habits and responsible repayment of debts are other hallmarks of Christian money management. Self discipline and the ability to set goals can be difficult when credit is readily available. Making a decision to defer unnecessary purchases until there are sufficient funds to complete such purchases can contribute greatly to a family's financial health.
For families, Christian money management will involve the day to day struggles of making ends meet. The accumulation of great wealth is not necessarily the most pressing goal. That is not to say that most families wouldn't be happy to know what it feels like to never worry about financial concerns. Economic issues can be the root cause of much stress in the home. A healthy and Biblical attitude toward these concerns is a wise goal for any Christian family. After honoring God with a portion of financial blessings, putting some money aside in a savings account is an important priority. These savings can later be drawn upon in the event of an unexpected emergency, or for vacations, educational needs or retirement. Many employers will work with banks and credit unions to allow employees to take advantage of automatic withdrawal features. These features allow employees to have a specified amount of their paycheck automatically deposited into a savings account. By pulling the funds out automatically, savings will accumulate on a regular basis. Remaining funds can then be spent to pay monthly expenses. By setting and sticking with these financial priorities, families can gain a better view of any areas of Christian money management that may need work.
Regardless of priorities, making ends meet can be very difficult without establishing a monthly budget. A sensible spending plan that takes into account all monthly liabilities and compares them to the expected monthly income is in indispensable tool in Christian money management. A budget can serve as a guideline that lets a family or individual know if they are on track financially or, if they are not on track, just where the problem lies. A budget will need to take a yearly income and break it down into smaller bites. How much money can a family responsibly spend in one month and where should that money go? To achieve the monthly goal, how should a family spend on a weekly basis? If, after establishing a sensible budget, a family finds that their income is not sufficient to meet all liabilities, changes in lifestyle may be called for. The help of financial professionals who can provide advice and guidance in this area may also be required.
Churches must deal with Christian money management issues as well. As times grow tight, giving to local churches can often decrease, leaving many religious organizations gasping for air. In addition, churches may find that they need to work harder than ever to show proper accountability of donations received. This accountability can help to ease any concerns that members may have as to how their contributions will be handled. Careful management of contributions as well as wise and prayerful planning can go a long way toward keeping a church's finances in the black. Over ambitious building plans or extravagant spending not only demonstrate poor stewardship, but will not encourage further giving on the part of church members.
Christian Mortgage Loan RefinanceChristian mortgage loan refinance can be used by individuals interested in receiving lower monthly payments, lower interest rates, and longer terms of repayment for a current home loan. This can be a very difficult thing to face, especially when it is necessary to solve poor financial decisions. Often, when people start shopping for homes and make this purchase, refinancing is far from their minds. However, jumping into a major financial investment without the appropriate research and information can put anyone in serious debt, making it important to seek refinancing when interest rates are low.
The Internet is a great place to find information on financial matters before purchasing a new home. There are many different websites online that will offer consumer information on when, how, and why to purchase a home. These sites can also offer insight on when, how, and why to pursue Christian mortgage loan refinance. Local financial companies may also be able to provide help in this matter, along with community centers, churches, and other local organizations that provide financial advising and counseling.
There are many times in life when refinancing can be sought; not only when debt or large expenses surmount. Christian mortgage loan refinance may be helpful for someone who purchased a house at a relatively high interest rate. With the changing economy, the interest rates can rapidly change from high to low, or vice versa. By having knowledge of the changing rates, the consumer has the ability to seek refinancing to lock in a lower rate. Another important time to refinance is when there are unexpected expenses that come about. Emergency medical bills or other expenses may arise and take precedence over the house payment. If this is the case, the individual can seek to refinance in order to save money on their monthly house bill and use these extra funds to pay off other, more immediate expenses.
It can be difficult for consumers to understand this type of financial planning and when to utilize certain tools, such as refinancing. Seeking help from a trusted and educated individual can make the decision much easier. Also, when thinking about Christian mortgage loan refinance, the consumer should pray to God for help in making the decision. He is the ultimate authority in life and knows the needs of the individual, even before these needs arise. "The steps of a good man are ordered by the LORD: and he delighteth in his way." (Psalm 37:23)
Self help debt negotiation is available for anyone who is interested in learning the art of reducing financial obligations without professional assistance. The Federal Trade Commission has established laws that allow all individuals fair and equal opportunity to receive credit and dispute errors. With this information, there is no need to pay someone else to solve credit problems. Self help debt negotiations can be utilized. This information will teach the individual how to deal with creditors and make settlement offers without having to pay the high price of debt negotiation services. The information that is gathered through these services will provide the self-confidence needed to approach creditors with assurance.
Consumers should beware of companies who charge a great deal of money for this service. With self help debt negotiation, the consumer can avoid the pitfalls so many people fall into when they do not understand the credit game. The consumer will not have to pay anyone for information because it is freely available through the Federal Trade Commission, non-profit agencies and the Internet.
The consumer must first retrieve a copy of his or her credit report before completing any further steps in their self help debt negotiations. If the individual has been denied credit recently, they can obtain a free copy of their credit report. It is important not to let companies that offer a free credit report online take advantage of the situation. These companies will supply the individual with a free report but if the service is not canceled, they will continue to charge the consumer. If a report must be paid for, the service can be received at a relatively low cost from many trusted companies.
After receiving the financial report, the consumer must verify the information. Reporting agencies receive thousands of disputes daily. The object of the self help debt negotiation is to get as much negative information deleted from a report as possible. If the information in question can not be verified it must be deleted. Sometimes information has been on a report for years but is not accurate. The individual should not take the reporting agency's word that the information is accurate because it may not be true. It is important to dispute anything that seems incorrect. Sometimes creditors no longer have the data needed to verify the information in question and must remove this data from a report. Being educated about all financial matters will allow the consumer to be much more successful at self help debt negotiations. "He that getteth wisdom loveth his own soul: he that keepeth understanding shall find good" (Proverbs 19:8).
The final step in this long process is to contact the creditor directly. An individual can often offer to settle a financial dispute with no outside assistance. Creditors know they overcharge for interest and fees. They are willing to resolve the situation and take less money if the consumer can promise payment immediately or within a certain time frame. The individual should seek help if they are in a financial dilemma because self help debt negotiations can be successful.