4205-07 RPFin Philosophies/Policies

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                     TO:  Interested Christian BLVRs                                                                      FROM: Jim Bramer, Retired CPA
                                                                                                                                                        FILE:  4205-07/rpf

                     RE:  Christian BLVR Stated RPFin Philosophies/Policies                        Originated in February 1997


Be sure and read about "Personal Finance Spending Control" resources found at  0400             


The objective of this exercise is to help the BLVR conclude and write down their "Righteous Personal Finance - RPFin" philosophy, and related policies.  The husband and wife are to do this exercise separately and later compare  Please go to  4999  for more RPFin resources.
        By the way, I like to define a "philosophy" as 'what you believe'; and "policy" by what you 'always do',  or by what you 'never do',  within a certain set of circumstances.
        The ideal is for you to analyze your understanding of Scripture and conclude your philosophy about the Topics/Issues below. Then, by following this format, you can document your "Righteous Personal Finance" policies by the indicated answer.

Do you Agree: 

T O P I C S/ I S S U ES

YES

NO

or ???

>

STEWARDSHIP:

  I believe that the Lord owns

everything ... I am simply temporarily

in charge of certain resources of

money and of what money can buy.

_____

_____

_____

>

LIFE STYLE:

  Much of my money involvement

is based on my life style. I want

my life style to honor Him; and I

will keep my financial promises.

_____

_____

_____

>

EARNINGS:

  My earnings are a provision

of the Lord and, as part of my

worship and thanksgiving, I want

to preferentially remit to my local

church in one of the following

three ways:

1> A tenth (tithe) of my income

before any withheld taxes.

_____

_____

_____

2> A tithe of my income after

taxes have been withheld.

_____

_____

_____

3> I believe a tithe is only

a benchmark... And not the

11th commandment. I give

generously as unto the Lord.

_____

_____

_____

>

DEBT:

I borrow money and pay

interest expense to buy investments

or acquire assets like real estate

and equipment.

_____

_____

_____

I prudently use Plastic or

Credit Cards to make purchases;

_____

_____

_____

if so......

1> I pay for these purchases

regularly so I do NOT pay PLASTIC

interest expense.

_____

_____

_____

2> I sometimes pay Plastic

interest expense when I buy

equipment or other long

standing assets.

_____

_____

_____

>

SAVINGS and/or INVESTMENTS:

I believe financial resources

should be prudently set aside

for a 'rainy day' and/or for an

appropriate purpose or event.

I have a specific strategy for

doing this.

_____

_____

_____

>

BUDGET: (Righteous Financial Plan)

As a manager/steward of

money, I need to prayerfully

plan ahead and determine what

money will be required; or I

need to have a formal budget.

Then as money comes in, I

need to use it within that context.

If you agree, then ....

_____

_____

_____

1> I measure actual to

budget regularly

_____

_____

_____

2> I measure actual to

budget sometimes.

_____

_____

_____

3> I do not have a budget,

or a actual to budget plan, but

I will within the month.

_____

_____

_____

>

INSURANCE:

I believe that I should

judiciously have insurance for

such things as health and

tangible holdings. I am

adequately doing that.

_____

_____

_____

>

GAMBLING:

Using the financial resources

that belong to the Lord to gamble,

or get something for nothing,

is not good.

_____

_____

_____

>

SECURITY:

It is my responsibility to

see that my known assets (What

I own as a steward) are as safe as

possible. One security example

is that I use bank accounts and

handle as little cash as possible.

_____

_____

_____

>

TAXES:

As I understand God's Word,

I am to pay my just taxes to the

applicable government authority and

comply with their regulations.

_____

_____

_____

>

TEAM   EFFORT:

I am married and our

stewardship of money, and what

assets money can buy, is to what

degree a Husband and Wife team

effort. Please give your team an

"A to F" grade.

_____


          "  --MINISTRY FINANCE "LINGO"  INCLUDE--":

              BLVR = in  Jesus Christ as Lord and Savior
             
QVE = "Quite Virtual Envelope" Computer Acctg System 
              PLASTIC = Credit Cards
                  
              RPFin = Righteous Personal Finance


     The bulk of this Publication originated in February 1997 and was . UPTD: March 09, 2012   

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