A New Perspective for the New Year with Chad Clark | FaithFi
January 2, 2024
A New Perspective for the New Year with Chad Clark
Faith & Finance with Rob West
Well, it’s Day Two for your New Year’s resolutions. How are you doing so far? You know, most of these resolutions are history by Groundhog Day. What folks need to help them keep their resolutions is accountability. Chad Clark joins us to talk about it.
Chad Clark is Executive Director here at FaithFi.
Our 'why' should align with scriptural teachings, recognizing God's ownership over everything.
Believers should form their own 'why' statements, reflecting a commitment to stewardship based on biblical principles.
WHY IS IT IMPORTANT TO START WITH GOD AS OWNER IN BUDGETING AND MONEY MANAGEMENT?
Acknowledging God as the owner defines our role as stewards, influencing our financial choices.
Seeing ourselves as managers under God's ownership leads to more thoughtful and responsible decision-making.
RECOGNIZING GOD AS AN ACTIVE OWNER IN BUDGETING:
A passive owner is uninvolved, while an active owner like the Holy Spirit seeks to guide our financial decisions.
Recognizing God as an active owner encourages us to seek His wisdom and alleviates the burden of solo decision-making.
This perspective leads us to view our financial decisions as part of our stewardship role.
It encourages reliance on God for guidance in managing finances, reducing stress and guesswork.
HOW DOES THIS UNDERSTANDING RELATE TO BUDGETING PRACTICALLY?
Budgeting becomes a tool for stewarding God's resources, rather than just a financial exercise.
Understanding our stewardship role enhances commitment to and effectiveness in budgeting.
HOW CAN THE FAITH FI APP PRACTICALLY HELP IN MANAGING MONEY?
The app provides various systems to fit individual money management styles.
It serves as a supportive tool for effective stewardship, adaptable to personal needs.
The Faith Fi app is designed to meet diverse financial personalities and challenges.
Support from Christian financial counselors and resources is available to overcome past barriers.
The app features a digital version of the traditional envelope budgeting system.
It allows for carrying forward balances in different categories for planned expenses.
HOW CAN MARRIED COUPLES USE THE APP EFFECTIVELY TOGETHER?
The app promotes joint financial management, improving communication and decision-making.
It helps couples align on stewardship goals, reducing money-related conflicts.
ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:
I'm in my 60s and worried about our investments in the stock market after losing money. Should we keep our money there or move it to a safer place due to our age and market uncertainty?
I'm looking to get out of credit card debt and have contacted Christian credit counselors, but they don't service Kansas. I'm considering a company that offers to pay back less than what I owe through negotiation, but I'm unsure if this is the right approach.
Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.
