Tuesday, January 30, 2007

Creating Your Own Personal Financial Plan

A question we've heard countless times over the years is "What's the most common mistake people make when managing their finances?" Our answer: making spending and investment decisions apart from a personalized financial plan. No matter how good your investing choices are, if they're made outside the framework of a larger plan, you're inviting trouble.

Imagine that you're preparing to build your dream home. Over the years, you've accumulated scores of ideas that you'd like to see incorporated into it. Before construction begins, you sit down with your builder to review your design goals. You ask him how long before the blueprints will be ready, but to your surprise, he tells you he doesn't work that way. Rather than planning everything ahead of time, he prefers to develop the design as he goes along. He'll keep your ideas in mind, but "blueprints are so restricting," he says-he wants to have the freedom to be spontaneously creative as the house is being built. Read the complete article by Mark Biller.

Effective Stewardship Ministry
Developing an effective church stewardship ministry includes all of the church's financial functions; stewardship education, missions education, budgeting, and accounting. This process is a comprehensive, end to end set of activities that helps the church accomplish its mission vision and statement. Once started, it is an ongoing process that cycles back to the first phase at the beginning of each new year. More information click here.

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