TO: All Interested
Onliners FROM: Jim Bramer.
RE: Next Generation of Ministry Finance Leaders Originated in November 2008
Today's "FOR WHAT IT IS WORTH" editorial
Christian Colleges/Universities are now training students who will no doubt be the next generation of staffers at such "Christ-Centered Endeavors" as:
>> Evangelical Churches
>> Christian Schools
>> Missionary Organizations
>> Any other such endeavors like Christian Camps/Retreats
Or they soon will be our leaders serving on "Boards of Leadership" of such Ministries --- perhaps as "Board Treasurers" as they serve on Ministry Finance Teams, etc.
The training of these very special young people should ideally include coverage of such "Ministry Money Management" issues as set forth below -- REMINDER: "Christ-Centered Endeavor or Entities " includes management of personal finances by college students, as well as families or anyone else.
Any "Decision Maker" within any sized "Christ-Centered Endeavor" MUST be trained and
have current resources so they know if there is money to be righteously spent in their area
Because they MUST have timely and reliable written information that enables them to be a
good steward of resources and not allow them to inappropriately spend money or go into debt
At least weekly they MUST know the most up-to date and applicable information.
In this process, they ideally MUST make full use of the appropriate modern-day tools and
technology. Much of this is now provided via the Internet, computers (especially laptops), and
related local or remote Online resources.
Below is some information about "How" such a "Christ-Centered" student might care for their personal finances. Further, much of the use of modern-day tools and technology practices mentioned in the "How" paragraph above could easily apply when they at some time become leaders or involved at any such Ministry.
During Years in College
A student in a disciplined manner uses the applicable processes set forth Here that is spelled out in this version of the use of "Check Stubs" when you Go Here Such issues include: A> Minimize use of Green Stuff B> Maximum and appropriate use of Plastic (Credit Card and Debit Card) C> Maximize use of Online Bank and Plastic resources D> Pay off Credit Card Balance weekly E> Dad/Mom have Online access to these Bank and Credit Card accounts of the Student.
Unmarried and Post College Days
At this point, Issues now might involve: 1> They basically carry on with This System. But now Dad/Mom, of course, do not have Online access to the Bank and Credit Card accts 2> The former student is now on their own as they earn their own money. 3> Reminder: They do not cash pay checks --- they deposit them into their Bank Accounts for full accountability and control and 4> They continue to pay off their Credit Card balance every week so they have no Credit Card debt. This former student's life style is now much more complicated so while they continue with the general "Spending Control" concepts that they have maintained during their College days, they embrace such additional resources as:
� This former student no longer uses the limited Two Check Stub method.
� But they continue to embrace the "To Spend Now" or "To Spend Later" concepts, as .....
� They more fully utilize the Internet and they use applicable software plus other Online resources.
� An option is for them to use the eFinFax accounting system whose features include:
01> Via actions described when you
you make a hard copy of your
Credit Card transactions that you weekly access Online
02> You weekly pay off your Credit Card balance shown by the hard copy
03> You set up your BuxBox system according to your defined "Spending Areas" and limits.
04> You go Online and electronically move your Bank Account (Checking and Savings)
transactions to your software as they automatically go into a "To be Distributed"
account within your software.
05> You zero out this "To be Distributed" account as you manually place such transactions
into the respective "Spending Control/BuxBox" areas therein.
06> You then go to your reports and learn if you have any money to spend during the
next week, etc.
Married and Post College Days
At this time you and your spouse will probably have more elaborate "Spending
Control" categories plus the
need for both spouses to understand and
embrace the principles found
and assume their
stewardship tasks. Hopefully both of you will continue to
manage your money in ways that please the Lord.
Potential Student Curricula -- Services at "Christian Colleges/Universities"
context of the above, and especially since most "Christ-Centered"
students today are so INTERNET
I believe that Christian Colleges/Universities should embrace such matters as the following:
like the above finance principles/issues
within the curricula of "Business Administration"
courses at such Schools.
Schools should teach the
overall features of
"Ministry Fund Accounting"
about "INTERNAL" Generally Accepted Accounting Principles - GAAP that could be appropriately applied to the
stewardship of Ministry finances.
. Then a student makes full use
of Computers/Internet and actually serve remotely some "Christ-Centered"
These applicable students would be appropriately trained and supervised and get College Credit as they become
short-term HELPERS as to such "Christ-Centered" finance matters. Or they assist: 01> (Bee Tees) at Small
Ministries as they learn to manage their money; 02> Missionaries (see these M M M ideas) as they are trained
to do the necessary financial record keeping; 03> plus families struggling in knowing how to keep appropriate
financial records for "Spending Control" purposes, etc
Please contact me at Jim@bcidot.org as I would be happy to discuss such matters further with anyone.
K E E P L O O K I N G U P !!
CLICK HERE for a list of of our "For What it is Worth" Editorials or Online documents.
UPTD: April 17, 2013
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