Workshop on Personal Finance

Class Format
The class is five weeks long and will be in a workshop format. A workbook will be provided to all attendees. During the last session, four to five counselors from the finance ministry will be available to review budgets and answer questions. Guess speakers from the investment and insurance industry will provide materials and speak on those topics. Because this is a workshop format space will be limited to 30-35 people.

Course Objectives
To present Biblical truths on personal financial issues
To provide assistance in applying the Biblical truths in the area of personal finance in the areas of giving, savings for future needs and debt.
To provide tools to assist the attendee in setting-up and sticking with a budget, liquidate consumer debt and control future consumption.
To gain a basic understanding of insurance and investment issues

Requirements
Readings from selected chapters in Ron Blue's book, Master Your Money, 1991
Completion of a budget and debt liquidation schedule
Participation in atleast four out of five classes
Pay the fee for the class
Bring a Bible, sharp pencil, and a BIG eraser

Reference Books and Tapes
Master Your Money, Ron Blue (Thomas Nelson Publishers)
Defeating the Dragons of the World, Steven Eyre
Slaves & Materialism, Dennis McCallum (1Timothy 6:1-11), audio tape
“Affluenza” video tape
“The Crash” video tape, Burkett

Week One
Biblical Principals on wealth
What is wealth?
The Challenge of Wealth
What the Bible teaches about wealth
Eternal perspective

Assignment:
Read chapters 1-4; 6, 7 & 8 of Master your Money
Review workbook and study passages under Biblical Guidelines, Workbook
Complete goal worksheet
Turn in assessment on The Crash

Week Two
Setting-up a budget
How to set-up a budget
Income adjustments
Taxes and withholding
Debt management and liquidation
1. What do you do when you are buried
2. Appropriate usage of debt

Assignment:
Read chapters 9 - 12 of Master your Money
Complete gift worksheet
Complete net worth statement
Complete debt summary

Week Three
Setting-up a budget
Completing How to set-up a budget
Budget killers
Controlling spending

Assignment:
Read chapter 5, 13 & 14 of Master your Money
Work on balancing your budget

Week Four
Practical Issues
Planning for future needs
1. Insurance planning
2. Retirement and education funding
3. How to invest

Assignment:
Read chapter 15 of Master your Money
Complete budget

Week Five
Practical Issues
First Fruits Giving strategies
Major purchases
1. Automobiles
2. Home repair
Will and Estate summary
Answer questions and wrap-up

Assignment:
Turn in your budget for review
Turn in class evaluation form Top

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