Browsing Category Other Financial Topics

This is a guest blog post by Ted Miller of Guardian Wealth Management. Ted was a pastor for 25 years and now operates a 403(b)(9) retirement plan for churches.  Salary discussions can be sensitive, particularly for pastors who must balance financial needs with spiritual and communal responsibilities. Engaging in these conversations with a church board requires a thoughtful and strategic approach to ensure that both parties feel heard and respected. The very first concern is for a pastor to evaluate and address ...

Congratulations, you made it to 2024! Whether you triumphantly marched into the new year or skidded in on your knees like me, I hope 2024 turns out to be your best year yet. As I have in most previous years, today I’m offering up a list of the Pastor’s Wallet’s 10 most popular articles in 2023, based on views. If you haven’t had a chance to read these yet, you may want to. How Much Housing Allowance Can A Pastor Claim? The top-performing ...

Because of Thanksgiving this week, I wanted to take a break from the usual technical stuff and write a blog post about thankfulness. It’s not something you’ll find in any IRS publication, but it is a financial issue. As I Timothy 6:6-10 says,  But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. Those who want ...

I recently announced that I have obtained the Certified Financial Planner™ designation. As a result, I got a number of responses asking what kind of services I offer as a financial planner. One generous reader even wisely told me, “a more ‘aggressive’ tooting of your own horn would be appropriate.” I hear you. Today I’m going to tell you about what I do beyond this blog, in case you want to be a part of it.  Financial Planning Services I offer financial planning ...

This is a guest post by Jon Neal, Executive Pastor of Hope Community Church in Minneapolis, MN. He has nothing to sell or promote, he just spent a lot of time researching this and thought he would share his efforts to be a blessing to you.  There is something very powerful in getting outside your normal context. Maybe you have an upcoming sabbatical. Or maybe you are looking for a place to take a quiet/planning retreat. Or maybe you're just looking ...

Today’s post is written by Chris Wells, a CERTIFIED FINANCIAL PLANNER® professional and Certified Kingdom Advisor® who works with pastors and Christian families to help them make healthy financial decisions and become wise financial stewards. His firm, Flourish Financial Planning, is located in Texas and serves clients across the US utilizing a fee-only model with no asset minimums. View post

In 2017, I started the tradition of ending the year with a report of the top 10 most viewed blog posts on Pastor’s Wallet. I thought it might be helpful for new subscribers and others who may have missed something that would have interested them. While it has served that purpose, it’s also been interesting to see the trends of what pastors are interested in over time. Certain topics rise in popularity for a season, such as 2018’s articles on the ...

The Apostle Paul told Timothy in 1 Timothy 5:17-18 that “The elders who direct the affairs of the church well are worthy of double honor, especially those whose work is preaching and teaching. For Scripture says, “Do not muzzle an ox while it is treading out the grain,” and “The worker deserves his wages.” (NIV)  I agree. You are worth your wages. But what are your wages? We commonly think of wages as simply your salary, what you get paid to work. ...

Clergy and religious workers are now eligible for Public Service Loan Forgiveness (PSLF) based on their religious work. To be eligible, the loans must still be direct, 120 payments must be made, and the borrower must work for a qualifying employer. View post

This post is based on Dave Ramsey’s Financial Peace University and not his radio show. As such, it may not address everything that he has ever said publicly. Dave Ramsey is a polarizing figure. Honestly, though, anyone who dares to be different and open their mouth about it is. Donald Trump. Alexandria Ocasio-Cortez. Jesus. (I had to end on a positive note since one of those other names probably got a rise out of you.) Just like other polarizing figures, Dave Ramsey ...