Most pastors who have opted out of Social Security understand that they are on their own for their retirement savings. That part is fairly straightforward. But what about Medicare? How does opting out of Social Security affect eligibility? What are…
Romance doesn’t require money. Here are some free and affordable date ideas to help you keep your marriage alive without ruining your budget.
If you’re a pastor, you know that your ministerial housing allowance is perhaps the biggest financial benefit of being in the ministry. It allows you to avoid paying taxes on all of your housing expenses, including things like cable television and…
Several weeks ago we discussed the characteristics common to those who are able to build wealth over time. Today, I’m going to introduce you to a real live example of a pastor who has done it.
Here at the Pastor’s Wallet, we’ve discussed ways of earning extra money before. However, those were more like side gigs or one-off opportunities. For a pastor who wants something more substantial and longer-term, the answer is to build a side…
Pastors often need additional sources of income besides just their church. Running a side business is a great option, but you have to be careful. You shouldn’t try to monetize your ministry. Your ministry can feed off of your business,…
Researchers have found that certain characteristics are common to those who are able to successfully build wealth over time. Let’s take a look at them and what they could mean for your personal finances.
The most commonly asked question regarding the new tax reform bill that went into effect at the beginning of the year is, “How will it affect me?” Since everyone’s situation is different, no amount of searching on Google is going…
I’ve been getting a number of questions regarding the tax reform bill that went into effect on January 1, 2018. Here they are with some answers:
A lot of pastors think when they retire, or even if they retire, is their decision. But is that really the case? And if not, what should you do?
A federal judge has ruled that the cash housing allowance for clergy is unconstitutional. What happens next and what does this mean for you?
Today is the beginning of a brand new year, a fresh start. For many people, now is the time to leave the regrets of 2017 behind and do better in the year to come. Millions of people all over America…