Take a moment to picture your children going off to college and managing a semester’s worth of money on their own.  Would they run up the debt and bounce checks or would they spend wisely with some left over? Maybe you are not sure how they would handle it, and now is the time to find out by teaching your children sound financial decisions so that they will become money-smart adults. Proverbs 22:6 tells us to “train up a child in the way he should go, even when he is old he will not depart from it.” Unfortunately, most parents […]

As cash-strapped cities and municipalities try to find creative ways to generate revenue, some are setting a dangerous precedent when they look to churches as a targeted source. Joe Infranco, senior counsel for the Alliance Defense Fund (ADF), has seen a marked increase in the number of cases handled by ADF’s 1,800 allied attorneys, who represent churches free of charge. “Whether out of ignorance or malice, (municipalities) are slowly chipping away at the Church’s tax exemption when and where they are able,” said Infranco. “This is a very dangerous trend.” Just this week, an ADF-allied attorney filed an appeal in […]

  The perceived complexity of financial planning often leads to frustration and indecision by many families.  In last month’s column, we explored a simplified approach to financial planning by looking at the five short-term uses of money.  Money can be used in only one of five areas in the short-term: giving, lifestyle, repayment of debt, taxes and cash flow margin.  As you accumulate money from your cash flow margin, you grow your net worth for the purpose of meeting one or more of only six long-term objectives.  As we continue with part two of our look at a simple approach […]