Remember learning about how to set up a budget, apply for loans, and be financially literate?
If you’re scratching your head right now thinking, “No, um, I actually don’t,” then don’t worry, you’re not alone. We learn all about math, science, literature, and maybe even art during school but few of us actually had a class dedicated to personal finances.
The result? You might be really good at finding the area under a curve or distinguishing syntax from diction, but putting a budget plan together or deciding how to financially support causes you care about can feel like the equivalent of assembling a new dresser and nightstand from a certain nondescript Scandinavian furniture company...
“Christians shouldn’t talk about money.”
How often have we heard that statement thrown about? Whenever a Christian organization brings up finances, this seems to be the refrain uttered throughout the narthex and the chapel. However, I beg to differ: because we are Christians, we must talk about money. Why?
Because it’s not ours. We’re managing God’s money here on earth, teaching our kids how to manage God’s money here on earth, and being examples of Christ through our everyday living (which, at least in my city, requires money).
Recently, my husband and I began exploring another element of managing God’s money: planned giving. These are four ways we’ve started to plan for giving our money in our future (whether we’re alive or after we’ve passed), and I think these planned giving techniques could be applied to any millennial life...
The first time someone told me I should consider planning my legacy giving in a will, I laughed it off.
“We’re not old enough for that!” I thought, “Planned giving is for retirees! Wills are for people with real money! My husband and I are barely adulting over here.”
However, the thought wouldn’t leave my mind, so I did some research to learn the basics of planned giving. Turns out, wills and estate planning are for anyone who wants certain things to be carried out after their death (yes, that seems obvious now that you say it, but hey—I was in denial about turning 30, much less planning for a financial future I could only just see). More importantly, a will also ensures that the money God has given us to manage continues to support people and organizations we’ve prayed about and that are within our sphere of influence. That influence can continue after we’ve gone through planned giving...