Family and Money Part 2 of 3

Remember in our last segment we said “If your marriage is under financial attack, fight back”. Money problems usually have little to do with money. The problems are usually rooted in a lack of communication between spouses and a need to brush up on money management skills.

In this segment, we are going to discuss some very practical ways you can communicate more effectively about financial issues.

• Spend time working together with your spouse as a team. Each of you has strengths when it comes to handling money. Use them!
• Set aside a regular time and place to discuss spending needs for the upcoming week. If it helps, find a quiet place away from home like a coffee shop or café to have this discussion.
• Do not hide the truth – little white lies about purchases or increasing debt can snowball quickly. Be honest so mole hills do not become mountains.
• Debt is one of the greatest challenges in a marriage. Agree together on a plan to reduce debt. I have seen amazing reductions in debt when husbands and wives put their plans on paper.
• Share this information with your children. Most people claim they learned to handle money from watching their parents. Be a role model.
• Set short (0-2 years), medium (2-5 years) and long term (5+ years) goals together and action plans to meet them. Revisit these every year.
• Get your finances in order by focusing on your values. Sign up for a personal financial management program…check out STAFF as a consideration. www.storingtreasures.com/what-is-staff.
• Learn more about your financial personality and the financial personality of your spouse. Take a FREE financial personality assessment at www.storingtreasures.com.

Money touches every area of our life. When couples begin discussing money issues, they will begin discussing other issues affecting their marriage. Improving your financial compatibility will improve the overall strength of your marriage.

The Cross Loganville

Storing Treasures highlights our client churches, organizations, and businesses. Our interview today is with Steve Traylor, Church Administrator, at The Cross Loganville.

Steve and Patty Traylor pic_steve

Steve, your church just went through a very recent name change from The Oasis Church to The Cross Loganville. Can you explain what prompted the change?

Tim Cash is our senior pastor and he had felt led to change the name of the church since he joined us a few years ago. The name change symbolizes a new beginning and a way to build trust within the church and our community. There are times in the course of history that God has transformed an individual through a name change – Abram to Abraham and Saul to Paul as examples. We have a wonderful church body and this was our way of looking to the future. We selected The Cross Loganville as the cross signifies stability throughout the course of history… the cross never fades away.

We had a terrific ceremony in September to unveil the name to the church and the community. Sid Bream (Atlanta Braves) came and shared with us how one event, that slide home in the 1991 playoffs, changed his life and gave him a platform of sharing Christ around the world.

 

What is the mission of The Cross Loganville?

Our mission is to reach Loganville and beyond with the gospel of Jesus Christ. Our mission within the church and community is discipleship…growing people in an understanding of who Jesus is. We have many Christians who are new to the faith and need specific one on one or group discipleship so they can mature in their faith. Tim will be coordinating the same discipleship programs for the entire church this Fall. We will then be completing a 40 day prayer challenge in January as a church. Storing Treasures is also an example of how we bring discipleship to our church in the area of biblical financial management.

 

Steve, this is now the 4th Storing Treasure class that you have led and the 2nd with the new STAFF program. Tell me how this class has helped your members?

The personality profiles are a terrific way for people to understand themselves. Many of them will say they have never given any thought to how their personality impacts their financial decisions. Basically, they say that they now understand how they think and behave. The spending plan allows each person to prioritize their spending and focus on what is really important FIRST. This program has also allowed us to focus on giving and tithing… and we have seen a demonstrative impact on some in the class begin giving as a result.

 

How has the STAFF program improved the class for the participant?

There are quite a few ways. First, if they miss a class, they can complete that session at home and be prepared for the next class. Second, there is more interaction in the class as I am able to facilitate and leave the teaching to you over video and the educational sessions. Third, there is the report which shows them exactly where they stand and gives them specifics on how they can improve their finances over time…all based on their personality.

Storing Treasures is all about changing lives. Participants see they are not the only ones that struggle with their finances and it gives them hope for the future.

Family and Money – Part 1 of 3

Growing up, you probably heard someone warn you that, “Money is the root of all evil”. Today, one of the most well known, well accepted statistics in this country is that “Money is the leading cause of divorce in America.” Well, neither of these statements are entirely true. To borrow a line from comedian and red neck philosopher, “Larry the Cable Guy”, to blame money for all the evil and divorce in this country is like blaming a pencil for misspelling words on a piece of paper. Let’s look at the facts?

In his letter to Timothy, Paul wrote, “For the love of money is the root of many evils.” Notice, it’s the love of money, not money itself, cited as the root of the problem. As for the out of control divorce problem that is plaguing our families, don’t blame money. As we teach and counsel couples on financial principles, there is a very common obstacle standing between a family and financial freedom. The obstacle is financial compatibility.

Financial compatibility is the level at which couples can effectively communicate about money and money related issues as they arise. Without this compatibility, discussions are nothing more that fights and solutions to problems which result in a struggle for power and control over the checkbook. When couples discover and understand their financial personalities, they can achieve higher level of financial compatibility. With this compatibility, couples can communicate effectively about money. Stress is reduced, fights are fewer, and marriages become stronger. This sounds simple but it’s not. If you and your spouse want to improve in this area, it takes both of you working together. But, if financial compatibility is the leading cause of divorce in this country, it’s worth the effort, right?

A recent study concluded that:

• American couples spend less than 12 minutes a month discussing their families’ finances.
• Most Pastors admit to feeling inadequately trained in the area of finances and financial counseling. Consequently, couples who participate in premarital counseling receive little to no useful training in this area.
• Schools fail to provide children training in basic money management. High schools and colleges have little to offer in the area of personal finance. When a student graduates from college today, they leave with a diploma and $35,200 in college-related debt (student loans, credit cards, and money owed to family members).
• Despite all that we know about the relationship between money issues and divorce, very few marriage seminars or marriage counselors spend any amount of time discussing financial compatibility or effective money management skills.

If your marriage is under financial attack, fight back. Stay Tuned for Part 2, “Strategies you can use to communicate with your spouse more effectively about money.”

What is your Financial Personality?

What is your Financial Personality?

Storing Treasures mission is to help people design a flexible plan to meet individual needs rather than trying to fit everyone into the same rigid program. The purpose is not to change YOU…it is to help you understand yourself and others better so you can reach your financial goals. In our years of counseling families, we have learned that discovering your financial personality and how you think and behave is the most critical element to long term financial progress.

Please check out our “What is STAFF” area. This new online education platform is designed to help you understand your specific financial personality and then use it to create your own individualized financial plan.

For more information, please feel free to contact me personally mike@storingtreasures.com.

Thanks!

Mike Haswell
Storing Treasures
770-995-6043

Technology and your finances- A new option

Technology has changed the way we interact with the world.  We use Smart Phones  to manage both our personal and professional lives. Tablets eliminate the stress of searching for the most popular book and allow us to conveniently enjoy our favorite novel.    Social media, Skype, YouTube, and blogs allow us to stay up to date with our family and friends.  And technology makes all this FUN!

 

Many of us struggle with getting personal financial management support because:

–      It’s too expensive 

–       It takes too much time.

–       Learning how to manage finances can be boring and tedious.

–       We are busy and need to do this on our timetable…..not someone else’s. 

Technology and online education is perfectly positioned to make a difference!  Storing Treasures is going to be focused on this issue going into 2013 in two ways. First, we will be highlighting different ways that technology can help you manage your finances. At times, the choices we have can seem overwhelming. We will focus on some key technology that will help you save time and money. Billshrink.com is just one example of a website that allows you to find multiple ways to save money in a matter of minutes. 

Secondly, we will be  introducing a new online program in February 2013 that is designed just for you. STAFF is an automated online education program that will provide all the steps you need to complete a comprehensive plan for your finances. It is an educational step by step program that will walk you through the exact steps I complete with singles and couples for financial coaching. The STAFF program is:

–               Completely Online.

–               A plan for your family.

–               Centered around your financial personality.

–               Informative, educational, and interactive.

–               Easy to fit into your schedule…you can complete it any time.

–               Fun and engaging.

–               Designed for basic and advanced support. Advice from personal finance experts.

–               Inexpensive….  about $5.00 per session!

–               Stewardship focused.

More to come on this new program.  Storing Treasures will send a promotional video in December so you can see how this will be of value to you and/or your organization or church.