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The Christian & Finances

Biblical Principles for Money


Management
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?
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, cont
Couples, both working, good incomes,
managing poorly
Soft Govt financial institution regulatory
enforcement
Weakening of Govt financial institutions
regulations
GREED

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Emerging Trends to Deal With
Root Causes
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
HOW DO WE SIEZE THIS
OPPORTUNITY TO INCREASE
FINANCIAL LITERACY AMONGST
GODS PEOPLE?

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Trends Within the Church
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?
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 dos & donts.
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 Does Budget

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Advance Preparation Review
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, cont
Exhibit 2 Debt List
- What did you learn?

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Advance Preparation, cont
Exhibit 3 - Balance Sheet Net-Worth
Statement
Also available in XL spreadsheet

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Advance Preparation, cont
Exhibit 4 Wills & Estate Planning Check-
up
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
Discussion on how to start these services in your
congregation. Whos providing this type of
education?
Hows 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
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
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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