For the Gospel Podcast Q&A: Money
13 snips
May 5, 2025 This conversation delves into the complexities of money management within a biblical framework. Discover how to balance giving while climbing out of debt and the role of parental support in financial stewardship. The ethics of gambling and its temptations are examined, providing cautionary insights. Listeners explore considerations on investing in companies with questionable values and learn about prioritizing first-fruits in giving. Finally, the management of church finances is discussed, shedding light on practical oversight.
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Start With An 80-10-10 Baseline
- Use the 80-10-10 baseline: live on 80%, give 10%, and save/invest 10% as a starting plan.
- Adjust those percentages seasonally for debt, home-buying, or catching up on retirement.
Work If You Can While Living At Home
- If a single adult can work, encourage employment rather than perpetual parental support.
- Use living at home as a saving opportunity, but avoid extending adolescence through idleness.
Honor Transparency With An Unbelieving Spouse
- Be honest and transparent about finances with an unbelieving spouse; avoid secret giving or deception.
- Appeal to common financial sense and win trust through respectful behavior per 1 Peter 3.