The Good $ense Budget Course

1
The Good ense Budget Course

• Session 2
• Earning, Giving, and Saving

2
Individual Activity

• Goals to Achieve this Year

3
Earning
4
The Pull of the Culture on the Earner

• Your value is measured by your POSITION and your
  paycheck.
• A little more money will solve all your
  problems.

5
The Mind and Heart of God Counters

• Our value is not measured by what we do, but by
  who we are.
• We are called to join God in the ongoing
  management of his creation.
• Work is a BLESSING, not a curse.

6
The Diligent Earner

• One who works with commitment, purpose, and
  grateful attitude.

7
The Mind and Heart of God on Earning

• Be diligent.
• Be PURPOSEFUL.
• Serve God.
• Provide for ourselves and those dependent on us.
• Be GRATEFUL.

8
Net Take-home Pay Is

• The amount of the paycheck after all TAXES and
  deductions.

9
Variable Incomes

• Take a CONSERVATIVE estimate of your after-tax
  annual incomebased on your income of the past
  few yearsand divide by twelve.
• Example
• 30,000/12 2,500 per month

10
Two-Income Strategy

• Income 1 Basic Lifestyle Expenses
• Giving
• Savings
• Housing
• Food
• Clothing
• Transportation
• Basic household
• Basic entertainment

11
Two Incomes

• Income 2 Extras
• Additional giving
• Additional savings
• Accelerated debt repayment
• Extra things
• Additional travel and entertainment
• All these items should be paid with cash.

12
Question

• What happens to your raises?

13

• Deciding AHEAD OF TIME how youll use raises is a
  key strategy in reaching your financial goals.

14
Individual Activity

• Spending Plan Application

15
Giving
16
Three Myths

• Give if it BENEFITS you.
• Give if there is anything left over.
• Give out of a sense of duty.

17
The Generous Giver

• One who gives with an obedient will, a joyful
  attitude, and a compassionate heart.

18

• We are made to give. . .

19
God Wants Us to Give

• As a response to Gods GOODNESS
• To focus on God as our source of security
• To help achieve economic justice
• To bless others
• To break the HOLD of money

20
Individual Activity

• The Generous Giver

21
For Those Not at the Tithe

• Develop a PLAN to reach the tithe.
• Begin by giving SOMETHING.

22
For Those at the Tithe

• The tithe is a wonderful goal to aspire to but a
  terrible place to stop.

23
Key Question

• How much of Gods money
• do I need to live on?

24
Individual Activity

• Spending Plan Application

25
Saving
26
Two Cultural Myths

• If you have it, SPEND it and if you dont have
  it, spend it anyway.
• It is futile to save.

27
The Wise Saver

• One who builds, preserves, and invests with
  discernment.

28
The Mind and Heart of God on Saving

• It is wise to save.
• It is sinful to hoard.

29
Saving versus Hoarding

• Saving is putting money aside for APPROPRIATE
  goals.
• Hoarding is continuing to put money aside after
  our goals are reached.

30
How Can We Avoid Hoarding?

• Understand our TENDENCIES
• Answer the question When is enough, enough?

31
Group Activity

• Your Money Tendency