I think it’s about time we give away a $25 Amazon gift card, don’t you? To enter, all you have to do is one of the following: Tweet or Become a Fan Tweet this: (click the button at the top or RT this) @FaithFinance is giving away a $25 Amazon gift card. http://t.co/fjEg5GK RT to enter to win Become a Fan on Facebook – If you already ‘like’ us, just like the giveaway status and you’ll still be entered. The... Read more
One of my favorite economists of all time is Milton Friedman. In his classic book Free To Choose, he discusses four ways that people can spend money. The basic idea is simple to see, but the psychology behind it is thought provoking. Here’s the basic idea: When you spend money, you can spend your own or someone else’s money. You may also spend it on yourself, or someone else. This combination creates four options: 1. Spending Your Money on Yourself... Read more
Do you remember those WWJD bracelets in the 90’s? Yep, I had one too… Who would have thought that such a small bracelet would catch on like crazy among youth groups and people all over the world? I haven’t seen one of those bracelets in years, but I think I’ve found a way to revive the WWJD. I hope you didn’t throw your bracelet away, because I’m officially starting the What Would Jesus Drive event. Just think, thousands of old... Read more
I just wanted to highlight a few great articles I read this week as well as a few blog carnivals that Faith and Finance was featured in. Great Weekend Reading: 6 Questions To Ask Yourself Before Borrowing Another Dollar – Christian PF Handy List Of Common Tax Deductions – Bible Money Matters What Is Your Debt Actually Costing You? – Personal Finance By The Book How To Handle Being Laid Off From Work – One Money Design Our articles... Read more
The minister’s housing allowance is a provision in the tax code (section 107 of the IRC) that allows the minister to exclude some or all of their income from gross income for income tax purposes, but not for SECA tax purposes (self employment / social security). For nearly one hundred years, ministers have enjoyed this tax benefit as outlined in the Internal Revenue Code. It’s interesting to note that a housing (or parsonage) allowance has existed by common consent for... Read more
Adam Smith: The Division of Labor In Adam Smith’s book, An Inquiry Into the Nature and Causes of the Wealth of Nations, he begins the first chapter of book one with the subject of the division of labor. It’s easy to see how excited Smith is about this concept as he calls it the ‘greatest improvement in the productive powers of labour.’ The simple principle behind the division of labor is to use multiple people to accomplish one goal by... Read more
A friend of mine bought an iPhone 3Gs last fall, but after few months, he realized that he really didn’t need it. Figuring he could just cancel the plan, he asked AT&T about the cost and they said it’d be $325 minus $10 for each month he had the service. With six months under his belt, he’d still owe AT&T $265! He was stuck. The data plan alone was costing $15 a month ($180 a year), so it’d take about... Read more
This week’s featured finance blogger is Elle at Couple Money. As the title suggests, Couple Money was designed with the couple in mind. Most of Elle’s articles have personal examples of ways she and her husband have been able to save, invest, spend, and manage their money better together. As you’ll read later, her goal is to build a community on her site and to provide the best tips about managing money for couples that’s available. Not only does she... Read more
It’s spring! Woo hoo! I can’t thank you enough for being such great readers. It’s exciting to watch these stats move upward (much better than downward :) ) and hopefully we can grow even more this year! A Quick Summary Subscribers: Up 31% !! Total Visits: Up 52% !! Pageviews: Up 67% !! Here are the stats in greater detail: Faith and Finance on The Web On Christian PF Lessons From Ecclesiasties: Why Procrastination Doesn’t Pay The Starbucks Retirement Plan... Read more
Hola! :) There is now a Spanish version of the eBook Proverbs, Parables and Perspectives: A 30-Day Study of Wisdom and Stewardship. Here’s the link if you want to forward it to any of your Spanish speaking friends. http://www.patheos.com/blogs/faithandfinance/spanish-ebook/ A big thanks to Sam and his team at Editorial Unilit for taking the time to translate the book! Read more
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