Articles for tag: Social Security

When Personal Finances Strangle Ministry

By Tom Burbrink, Kim Robinette, and Karen Isaacs People of all stripes have difficulty with personal finances, but it can be even more challenging for ministers. A minister’s life is an open book; his salary might be public knowledge. When a minister struggles with personal finances, it impacts his effectiveness and can even cause him to leave the pulpit. Some of the best ministers are terrible at handling their personal finances. Contributing factors include: A lack of financial training in seminary Absence of teaching on how to keep simple records of ministry expenses An unavailability of people with whom to

How Ministers Can Respond to Financial Pressures

By Michael C. Mack CT Pastors recently reported, “Today, 90 percent of pastors feel financial stress in their family and church work, 76 percent of pastors know other pastors who left the ministry due to financial pressures, 31 percent of pastors work a second job to help make ends meet, and almost 60 percent of pastors do not receive health insurance or retirement funds from their church.” We asked pastors: What would help, or what would have helped you in responding well to these circumstances? Here are a few of the responses: “Some problems, not all by any means, could

Giving to Caesar and Giving God the Glory

By Jennifer Johnson I just finished two hours of sorting paperwork, receipts, and credit card printouts into piles: Business travel. Charitable giving. Home office expenses. Mortgage payments. I”m not sure it”s possible for taxes to be any more complex than mine are this year. I”m self-employed, which in itself is a carnival of fun. Halfway through the year I got married and moved to Pennsylvania, which has state income tax, from Tennessee, which doesn”t. I left a house behind, which I”m now renting through an agent. My new husband is a minister, which comes with its own set of tax

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