budgeting Archives - Church Executive


HOMEBUYING 101

  By Rev. James Cook, CFP®, RICP® Becoming a homeowner is an important financial goal for many people and is viewed as a significant “step up the financial ladder.” But if you have never purchased a home before, the decisions and process can seem daunting. In this article, we will give a general overview of […]

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Your summer doesn’t have to slump — 4 ways to prepare now

Summer is a busy season filled with travel plans, vacations, and shifting schedules. However, amidst the hustle and bustle, it’s important to remember that even when we’re on vacation, your mission isn’t on pause. Wherever life takes your community this summer, you’ll want to make sure that your church and the gospel message are only […]

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Options for churches seeking audits

Churches desiring to employ an audit with respect to their financial operations may opt for various approaches depending on their size, scope, and complexity. By Mike Batts, CPA Audits are conducted by parties who are either external or internal to the church. Smaller churches use internal accountability processes typically performed by members of the churches’ […]

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YOURS, MINE, THEIRS AND OURS:

Managing your money as a couple By Alex Kim When Jessica and Zach first got engaged, they opened a joint bank account to save for their wedding. They each agreed to put in a certain amount from their paychecks each week, and they easily settled on a budget that included the wedding dress, how many […]

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FINANCIAL RESERVES:

  Does my church really need them? From Thrivent Church Financing We talk to church leaders every day. Our team understands your concerns about meeting your ministry’s needs today and tomorrow. We’re going to set out to convince you that saving for a “rainy day” is being a good steward — and generous and wise […]

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CHURCH BUDGETING GUIDE — Free ebook & Budget Template

By Jeff Harvey, Content Strategist Every church administrator knows the importance of strategic budgeting — as well as the risks of running a ministry without one. Good budgeting can help your church fulfill its mission, while poor budgeting (or no budgeting at all) leads to confusion, canceled projects, and even church closures. Your church has […]

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Moving forward in faith — and building for the future

By RaeAnn Slaybaugh  As with many churches built in previous decades, Trinity Baptist Church’s 1950s-era facilities had many challenges that were being magnified with growth. Expansion was in order.   But even before breaking ground, closing a street changed the entire project trajectory. Power lines and utilities had to be relocated. Then COVID hit, bringing […]

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The downsides of borrowing from your 403(b)

By Colin Nass, CFP®, AEP®, RICP® You have been saving for retirement and your account has been growing steadily. Maybe your employer provides an annual matching contribution that has been a great incentive to build up your 403(b) or 401(k) retirement account — and with favorable interest rates and investments, it has turned into a […]

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Consistently — and comfortably — accommodating growth

For leaders at Bethel Lutheran Church, the signals that it was time to expand were not subtle.  By RaeAnn Slaybaugh  At the home church in Fergus Falls, Minn., nearly 90 cars per worship service had to park off-campus and walk to church — and this was across three services.   Inside the sanctuary, two of […]

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Project cost vs. building cost

By Rodney C. James Jesus said, For which one of you, when he wants to build a tower, does not first sit down and calculate the cost to see if he has enough to complete it? Otherwise, when he has laid a foundation and is not able to finish, all who observe it begin to […]

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