The Christian & Finances
Biblical Principles for Money
Management
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ABC District All Church Workers’
Conference
Radisson Hotel South, Edmonton, AB
Oct 18-20, 2010
Sessions: Wed Oct 20, 1:30 - 2:50 PM
Wed Oct 20, 3:00 - 4:30 PM
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Financial Freedom Team – Who
are we?
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Al Feth, Gift Coordinator Lutheran Foundation
Canada, Kitchener, ON
Rev Mark Danielson, Pastor, Trinity Lutheran
Church, Fisherville, ON
Brian Wonnick, retired Gift Coordinator, Lutheran
Foundation Canada, Regina, SK
Brian Lewis, retired financial planner, Williams
Lake, BC
Kurt Robinson, Business Mgr, ABC District,
Edmonton, AB
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What we Saw in the 2008
Financial Storm
Lack of critical thinking, worst case
scenario planning
 Easy credit
 I want it now
 Confusion over needs & wants
 Rising education debt
 Expecting home values to keep on rising
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What We Saw in the 2008
Financial Storm, con’t
Couples, both working, good incomes,
managing poorly
 Soft Gov’t financial institution regulatory
enforcement
 Weakening of Gov’t financial institutions
regulations
 GREED
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Emerging Trends to Deal With
Root Causes
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Ontario Dept of Education – Financial Literacy
education
“Till Debt Do Us Part” TV show
June 30 Financial Post “Lack of financial literacy
will lead to problems later”
Regina LP May 6 “Mortgaging our future: a
generation of debt”
Financial planners add cash flow management to
their services
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THE BURNING QUESTION
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HOW DO WE SIEZE THIS
OPPORTUNITY TO INCREASE
FINANCIAL LITERACY AMONGST
GOD’S PEOPLE?
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Trends Within the Church
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Financial sustainability, short & long term –
challenging
What must we do to ensure that our children &
grandchildren continue to financially support the
spreading of the Gospel?
Where do young people & young adults go to
receive cash flow management training in the
context of Biblical Stewardship?
What is Christian Estate Planning?
Make this training available to all, an outreach
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Why We Came Together?
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To provide Biblically based training & education
on cash flow management
To provide training & education on Christian
Estate Planning
Where? – all LCC congregations & institutions
throughout Canada
How? By a group of individuals experienced &
committed to this approach
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Our Core Resource
The Christian & Finances, by Rev Mark
Danielson
 Copyrighted 1990
 Revisions 1994,97,99,2009
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Table of Contents
Lesson 1: Financial Bondage/Freedom
 Lesson 2: Receiving/Managing Money
 Lesson 3: Budgeting. Who should budget?
Obstacles to budgeting. A sample budget.
Budgeting do’s & don’ts.
 Lesson 4: Living on a budget.Use/Misuse of
Credit. Presuming on the Future,
Borrowing, Co-signing, Credit Cards.
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Table of Contents
Lesson 5: Living on a Budget, Part 2.
Working Wives, Getting Value for your
dollar, The Art of Sales Resistance, Spotting
the con-artists, Budget Busters
 Lesson 6: Giving Money – The Tithe
Part 1 – Why do we give
Part 2 – Who not to give to. Who to give to
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Table of Contents
Selected Bibliography & other resources
 Budget worksheets
 Record Keeping
 Misc, Debt Listing, Working Wives
 John Doe’s Budget
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Advance Preparation Review
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Exhibit 1 – Monthly Income & Expenses
- How many use something like this?
- What did you learn?
- What are you going to do to address
deficiencies?
- Also available in XL spreadsheet
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Advance Preparation, con’t
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Exhibit 2 – Debt List
- What did you learn?
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Advance Preparation, con’t
Exhibit 3 - Balance Sheet – Net-Worth
Statement
 Also available in XL spreadsheet
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Advance Preparation, con’t
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Exhibit 4 – Wills & Estate Planning Checkup
How many here have a will completed?
Why?
What is a Power of Attorney?
What is a Health care Directive?
What makes a will a Christian Will?
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What Makes A Christian Will
Your Last Will & Testament
 What is the Testament Portion?
 How do we do it?
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Next Steps
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Discussion on how to start these services in your
congregation. Who’s providing this type of
education?
How’s it going?
Services – Education/training on Cash Flow
Management; Christian Estate planning
Plans to start these services
For whom? Confirmation. Youth. Entering work
force. Pre-marital. Approaching retirement. Early
to mid retirement.
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Resources
See resource table - review
 Leave your contact info & e resources will
be forwarded to you
 See contact sheet for service providers
 Fees - $150 per session, plus expenses
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Other Resources
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Crown Financial Ministries www.crown.org
Quicken www.quicken.ca
Quick Tax www.quicktax.ca
Microsoft “Money”
Christian Preamble
Funeral Service Planning Guide
Living Will – Health Care Directive
Power of Attorney
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Other resources
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Books
- “Finances & the Christian” Mark
Danielson
- “The Complete Guide for Young Couples”
Burkett
- “Financial Parenting” Burkett/Osborne
- “Everyday is Saturday” Harvey & Harvey
- “Generous Living” Ron Blue
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Other questions & Comments
Thank you for your time today
 We hope to see you include this service in
your congregation.
 Please keep in touch & tell us how you are
doing.
 Please contact us for help.
 Closing Prayer
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