Christian Financial Planning: What’s the Difference?
Christian Financial Planning may appear difficult to
understand at first glance.
But close inspection will on reveal the simplicity of
virtuous management of one’s assets and liabilities to
weather the challenges ahead and emerge plentiful.
What is Financial Planning?
Financial planning is similar with budgeting in terms of
objectives – to produce positive cashflow by either
increasing the income or reducing the expense through
various interventions.
Their only differences is in terms of scope.
Budgeting is short to medium term and covers
from the daily to the monthly allocation of assets and the management of liabilities.
While Financial planning is medium to long to lifetime
and encompasses from the bi-annual to an entire lifetime.
A budget deals with the everyday financial scenario
while a financial plan directs the assets and liabilities to achieve a more abundant
status.
In short, this plan is about making and keeping you rich
and wealthy.
What is Christian Financial Planning?
This type of financial planning is basically the utilization of
Christian ethics in the conduct of financial planning.
Like in the scriptures, God has made clear that those who stay awake and stand guard against trials will be
easily spared.
Builders are also told to plan their constructions as to
avoid shortage in materials.
Kings are also warned against fighting a war in which they are heavily
outnumbered and disadvantaged.
Christian Financial Planning also entails the application of timeless Christian morals like
honesty, humility, unselfishness, concern for the
poor, unworldly conduct, stewardship and Christ-
centeredness.
Why Christian Financial Planning?
Well, why not? If you are a devout Christian or knew someone who is, you will
notice how Christians properly conduct and deal
their finances.
They do it with the outmost devotion to God as a form of
service to His beloved people.
Christians also humbly regard themselves as mere stewards of the wealth that
they currently possess.
They are therefore generous in sharing and growing this
abundance with others.
In effect, a Christian financial plan is a plan of prosperity
and generosity.
What does Planning for the Flood and Preparing for the
Times Mean?
Just like the Great Flood in Noah’s time, big challenges
that can leave us crippled are just around the corner
waiting to happen.
It’s no longer a question of what but when.
Noah planned and prepared for the Great Flood while the rest of humanity laughed and
mocked at him.
When the 40 days and night of rain drowned the merry-
makers, they weren’t amused.
Just like time and again, the people have been warned to build their “arks” of savings
and nest eggs.
This financial planning means building your finances
for the hard times ahead while observing Christian
virtues.
What are the Benefits of Christian Financial Planning?
This financial planning is advantageous in these times
because it eliminates the need to circumvent public welfare when gaining or
preserving wealth.
By having a Christ-centered financial plan you will be free from the worries of the law of
man or God.
Your righteous wealth plan will be above scrutiny and you will be blessed with an
honest and bountiful harvest.
It will honor the Lord and you will partake in His works.
Another hallmark of this financial planning is
accountability for your decisions, actions and the
results.
As a Christian, you are ultimately responsible for
yourself and you will answer to God who will weigh your
scale.
By being accepting of the consequences, we are now in
a much better position to improve our lives.
Christian Financial Planning: What’s the Difference?