Stewardship

Overview & Instruction Guide

Overview:

When our Lord Jesus calls on us to “count the cost”, He wants us to be clear on or wants and needs, and to be informed or educated on the “tools” that are available. In addition, He strongly encourages us to seek His help and guidance in all we do. Since financial planning has such impact for the present and the future, it is wise for us to be informed, to take a second look at what we plan to do, and to seek His counsel and guidance.

The XL Spreadsheets have formulas built in, which you may alter if you so wish.

Please feel free to share this information with others.

Disclaimer:

This information is not intended to provide an in-depth Bible Study or financial planning.

It is intended to provide basic scriptural teaching with an emphasis on Cash & Debt Management, & basic wills & estate information

Please consult with your professional advisor (lawyer, accountant, and financial planner) for specific details as they pertain to your specific situation.

List of Files:

1.    “The Christian & Finances – Biblical Principles for Money Management by Rev Mark Danielson

This information covers many Biblical principles of money management, including many practical helps. Review this from time to time, or when questions come up on specific topics.

 

2.    Advanced Health Care Directive (AHCD) and AHCD Instructions. This information pertains to the law as set out in the province of Saskatchewan.  Although there may be similarities in your province, please consult with your professional advisor, and your pastor. Include the family in the initial discussion and in your final decisions around your health care.

 

3.    Book Funeral. Planning your funeral is very helpful to your family. In addition, it provides you with an opportunity to shape the service. Please see your pastor at the start of this process, and consider including your family as well.

 

4.    Buying a Vehicle. General helps and questions to consider.

 

5.    Debt Worksheet & Working Wives. Track your debt because it represents some of the significant risks you and your spouse carry. The Working Wives form reviews the main points to consider – work through them carefully don’t assume things. Answer the questions honestly.

 

6.    Equifax Canada – Consumer Services. Credit Report Information. This helps you know how to check into your credit rating and ensure it is accurate.  

 

7.    Identity Theft. Points to avoid becoming an easy target for identity theft.

 

8.    Balance Sheet. This is sometimes called Net Worth. Do this once a year to see how your Net Worth is changing.

 

9.    Monthly Income & Expense. This is a good place to start, to count the cost of your expenses. Take special note of the First Fruits Giving line – prayerfully consider this item before proceeding. Note: There are formulas included in the XL spreadsheet, so just plug in the numbers & watch the totals add.

 

10.Monthly Cash Flow Record – 12 months. Use this form to track income & expenses for the year. Again, there are formulas built in.

 

11.Percentage Expense Guideline. To compare what you spend in each category, use this chart. Better yet, go to the next item.

 

12.Sample Percentage Guideline. This spreadsheet not only contains the expense guide numbers, but takes your financial numbers & shows you by how much you need to adjust your expenses to come in line with the guide.

 

 

 

13.Planning Book – Personal & Financial Inventory. This is an excellent booklet to use in placing all your financial & legal matters in one place. This is especially helpful for an executor to your estate, knowing where to find the information, and making it easier to do so. In electronic format, it is easy to update.

 

14.Wills Checkup. Use this to reveal areas in your estate planning that need attention. Note the questions that encourage setting dates to get things done. Please pay particular attention to the section which encourages leaving a gift in your Will to support the Lord’s Work after your death.

 

15.Preamble to Will. Our Lord Jesus calls on us to witness to Him all our lives. Here is a way in which you may do this right in your Will. Give this to your lawyer to include when making a Will for the first time, or when updating your Will.

 

16.Protecting Your Children.  This also includes a discussion on choosing a guardian for your minor children.

 

17.Retirement Matrix. Here’s an easy & quick way to determine the approximate amount of money that needs to be saved for your retirement. Note the assumptions made at the bottom of the form.

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