I recently finished my first will, as did my husband (in Wisconsin, where we live, individual wills are required). I included provisions for giving to some specific organizations after paying for the care of our son, should I die while he is still a minor. The completion of the will, along with the planned giving portion, was a huge weight off my shoulders—especially since it’s been on my to-do list since he was born nearly two years ago...
I have always loved trying new things. I grew up in a home where a common phrase associated with trying new things or overcoming a challenge was, “It builds character.” It was a saying that inspired me to try my hardest, to seek out new adventures, and to not shy away from something difficult (thanks, mum).
And then I graduated from college. And had to start paying back student loans. And I had to pay monthly rent. And I had to afford groceries, medical bills, and my running shoes needed to be replaced. And this, and that, and the other thing…
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...
Imagine being able to send your child or grandchild off to college knowing they’ll graduate debt free.
Knowing that you have a solid financial future plan in place that can help you achieve your future life goals.
Ensuring that the organizations you care about can continue to provide gospel-centered Christian care to people around the world for the foreseeable future.
Imagine being able to do all of the above.