Are you saving up to buy a home? To go on the mission field? To buy into a business? There are a lot of different reasons behind mid-term savings goals, those goals that take 3-5 years to achieve. No matter the reason you’re saving, everyone always ends up asking: what do I do with the money in the meantime?
For a very brief window at the beginning of their ministry, pastors have the option to opt out of Social Security. But what happens if you change your mind and want to opt back in? What options are available to you?
A brief overview of real estate market cycles, where we are now, and what we should expect in the near future.
Though it may seem old-fashioned, there is one thing you can do financially that is guaranteed to get you ahead, no matter your income, season of life, place of residence, or personal circumstances.
This is a guest post by Michael Kostelnik, a pastor and financial planner at Family Life Financial Planning, where he enables people to keep faith and family first by helping them with their finances.
I just finished a 2-year journey with my dad. It was that journey that inspired posts such as Do You Really Need All Those Papers?, Welcome To The Sandwich Generation, Be Prepared: When You Retire Is Not Your Decision, and 7 Estate Planning Mistakes That Will Rob Your Family Of Sleep. On Wednesday, that journey came to an end, and my dad is now in heaven, most likely ice skating and taking water samples of the river that John saw flowing from the throne of God.
It’s important to prepare for your death by writing a will and getting other estate planning documents in order. However, just doing that doesn’t always guarantee smooth sailing for your family. Here are some common estate planning mistakes that can cause trouble for your family after you pass.
A look at what a reverse mortgage is, how do they work, and when they would be used. Then, do they really deserve the terrible reputation that they have?
Families and college students all over the country fill out the FAFSA to apply for financial aid. But what can you do if you aren’t awarded enough aid to go to the school of your choice?
For more than a month now, the most popular post on Pastor’s Wallet has been Business Ideas For Pastors That Want To Make Extra Money. It seems there are a lot of pastors out there looking to entrepreneurship to finance their ministries or supplement their pastoral salaries.
In that article, I gave you some good ideas of ways to make money that can work around your ministry. But what comes next? How do you even set up a business? How do you actually manage small business finances so you know what you’re earning and don’t get in trouble with the IRS?
