Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. (1 Tim. 6:17-18)

Saturday, October 16, 2010

This Week In Christian Personal Finance

Christian Personal Finance News for the Week of October 10, 2010

Dave Ramsey
  • It's Never Too Late To Hope. On Wednesday, October 13, Jon Acuff wrote an article on how it's never too late to get out of debt. As we develop a plan to get out of debt and begin paying it off, debt has a way of drawing us back into its clutches. One of the biggest lies that we begin to believe is that it's too late for us to get out of debt. Jon gives us great reminders why it is never too late to work your debt-free plan.
  • Great Giving Challenge. Dave Ramsey and The Lampo Group are running a giving challenge on Dave's site. They are looking to select 10 finalists and give them $5,000 each. Then, the 10 finalists are to give away $1,000 for 5 days and video tape their experiences. In order to enter the contest, you must submit a 1-3 minute video of how you would give away the $5,000. Click on the link for more information.
Crown Financial Ministries
  • Our Generosity in God's Economy. In the MoneyLife radio program on Wednesday, October 13, host Chuck Bentley plays Part 2 of a sermon on God's Economy that he recently preached at Venture Church in Los Gatos, CA. Chuck preaches passionately on the response of a believer who is truly in love with God - generosity.
Blog Posts
  • 8 Money Questions That Have a Lasting Impact on Your Finances. Craig Ford wrote a guest post on regarding 8 major life decisions that have an incredible impact on your personal finances. The top three decisions include how much we give away, who we marry, and your debt stance. These 8 money questions are great reminders that we must always be vigilant in our decision-making process. Every decision we make does have an impact on our personal finances.
  • Don't Let Tithing Rules Rob You of the Joy of Giving. Paul Williams wrote a post over at Bible Money Matters regarding the Old Testament laws on tithing and the New Testament charge for believers to be generous givers. While I agree with Paul's assessment that the Church body was never commanded to tithe, I do believe that the principle of the tithe is actually seen outside the boundaries of Jewish Law (just read the story of Abraham and Melchizedek in Genesis 14:17-20). My own personal opinion/interpretation on tithing and giving is the following: First, 10% is a great starting point on the road to living a generous life. Whether we like it or not, people need a goal, a percentage number to get on the generosity path. Second, God DOES bless those who give back to Him at least 10% of their income. I think of tithing as one of those "universal laws" that really does work. Third, I believe that the New Testament giving mandate goes BEYOND the tithe. When the majority of American Christians only give on average about 2.5% of their income, we need to teach tithing as a starting point. Anyway, I could go on and on about the principle of the tithe, but just click the link and check out Paul's post.
  • Redefining Riches Sunday School Series: The Basics of the Bible and Money (Contentment). Over at, Rob Kuban has posted another excerpt of his Bible Study series. In this excerpt, we read about the principle of contentment which is so vitally important in the life of the American Christian in today's world.
  • What is the Magic Salary For Happiness? Danny Kofke wrote an interesting post at One Money Design this week regarding a recent study in which a $75,000 yearly salary seems to be the "magic number" in which people's day-to-day happiness no longer improves past this number. Obviously, this study goes against conventional wisdom. Money, of course, cannot buy happiness. What has been found to be more rewarding, however, is a career in which people feel a sense of calling in their work to help others.
  • How to Honor God in the Workplace - A business owner with integrity. Khaleef Crumbley wrote a guest post at Redeeming Riches regarding the importance of Christian business owners to live a life of integrity in their business practices. When we practice Biblical principles in our businesses, we honor God and He blesses our integrity.
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