Finances, Faith, & Fear
People often think that finance is a rational endeavor. Net worth, compound interest, and 401Ks can craft an antiseptic, scientific veneer. That may be reality for a business boardroom, but it is not the case in family finance. Personal finance is inherently personal – essentially emotional. Cars, clothes, colleges, etc. all elicit deep-seated emotion.
To assess our personal finances honestly, we must recognize this foundational principle: how are you feeling financially? Spiritually, are you operating from faith or from fear?
Bro. Bob’s message from Matthew 6 last Sunday is timely:
25 For this reason I say to you, do not be worried about your life, as to what you will eat or what you will drink; nor for your body, as to what you will put on. Is not life more than food, and the body more than clothing?
26 Look at the birds of the air, that they do not sow, nor reap nor gather into barns, and yet your heavenly Father feeds them. Are you not worth much more than they?
27 And who of you by being worried can add a single hour to his life?
Once we’ve grounded ourselves spiritually and honestly identified our emotions, we’ve set the stage to accurately assess our finances. Below are some next steps:
- Perhaps we need to craft a budget
Track your income and expenses for one month in order to create categories and amounts. Crafting a budget takes time, so be patient. It may take a few months to refine a budget.
- Perhaps we need to consider alternate income streams
Delivery services and grocery stores have ramped up their hiring. Consider temporary work to ensure the necessities are covered in your budget.
- Perhaps we need to research giving opportunities
Some families are blessed with stable jobs, and their financial situation has been minimally impacted. Now is the time to come alongside a struggling individual or your church to bless others.
If you’re interested in other financial well-being resources to aid you in assessing and adjusting your life to our current environment, please reach out to the church office!
Luke & Laura Romans are Birchman members and facilitators of Dave Ramsey’s Financial Peace University. Laura serves as Birchman’s comptroller.