I wrote this post originally for Christian PF (an awesome Christian personal finance blog, by the way), who published it in June of 2012. As a pastor for over 14 years, I don’t know anyone who went into the ministry for the money. Pastors respond to a call to serve God and make a real difference in the lives of others. Most live modest lives and give sacrificially of their … [Read more...] about 9 Financial Challenges that Pastors Face
Financial Challenges for Pastors
How should a pastor choose between living in a parsonage provided by the church and living in his or her own home with a housing allowance provided by the church? Matt asks: My wife and I may shortly be in the position to pick between a wonderful parsonage and a housing allowance. Unfortunately, I cannot find any math on how to make this decision. I'm looking for something … [Read more...] about Choosing Between a Church Parsonage & Pastor’s Housing Allowance
The Digerati Life recently wrote about the finances of the average American family. The facts might surprise you...but then again, maybe not: The average American family has $3,800 in the bank. 50% of American households don’t have a retirement account. The 50% of households with retirement accounts only have $35,000 saved up (per family). The average family owns a … [Read more...] about The Finances of the Average American … Pastor?
Many pastors face personal financial challenges that negatively impact their ministry, according to Craig Dykstra, a senior vice-president with the Lilly Endowment. In announcing an initiative to study and address those financial challenges among pastors in Indiana, Dykstra explained: “Pastors undertake their ministries out of a deep sense of calling. Most receive only … [Read more...] about Pastors Face Financial Challenges, Denominational Studies Show