Loading ...From the “You gotta be joking department,” the Seattle Times is reporting that: Biblical money management links personal spending decisions to Christian priorities, and the practice has gained a significant following, particularly among evangelical Christians. (Known for their insightful, rational and objective reasoning.)
Many of the rules echo traditional financial advice, such as spend less than you earn and avoid debt. But some Christian advisers also endorse what amounts to heresy for many secular accountants: saving moderately for retirement while trusting in god to provide for the future, rather than maxing out 401(k) contributions to pursue as large a nest egg as possible.
“That’s one area where you will find a great deal of consensus among financial planners: You’ve gotta save, you’ve gotta save, you’ve gotta save. Whereas some biblical-oriented people will say you’ve got to live on faith,” said Dan Moisand, a financial planner in Melbourne, Fla., who sits on the board of the secular Financial Planning Association. The approach to finances focuses on donating money to religious endeavors. Followers are advised to carve out at least 10 percent of earnings for their church or Christian charities — tithes that often require significant reworkings of household budgets.
Brothers and Sisters, every spending decision is a spiritual decision. Don’t worry about your retirement. Investing is the devil’s tool, money the root of all evil. Practice Faith-Based Retirement planning and come tax time, don’t forget to claim at least 10% of your paycheck for charitable donations. I do. [Comment on this Post]
