A Word to all Recent and soon to be Graduates

Congratulations, graduates! You have studied and grown, and are now ready to be sent out or start new chapters. For some of you, this may mean your first full-time adventure in the working world. For others of you, this may mean moving cross-country. For others, it may mean the transition from one school and degree to another and further study.

Whatever your chapter and transition looks like, congratulations! Your hard work and dedication deserves to be praised.

graduatesMuch has been shared on this blog (and will continue to be shared) to spread light on thinking about faith and finances. COMPASS has and will continue to be a place and resource to think about student debt, the different challenges of finances, and yet the hope and promise of abundance that we share in our collective faith.

Today, I don’t want to spend much time thinking about these challenges and bills—some that you are likely already facing and paying—and others—such as your educational debt—which may become due after deferment in about six months.

Rather, today I want to encourage you to give thanks: to celebrate and be joyful. Give thanks for your focused study. Give thanks for your family, friends, and loved ones who have supported you up to this point. They may have helped buy you dinner, get your study food, be the listening ears to talk through the challenges of life away from home at school, or shoulders to cry on when things didn’t quite go as you had hoped. These people—your network and community—have been a big part of your journey to this graduation. Thank them. Celebrate with them, and allow them to celebrate with you.

Congratulations, graduates! May your discernment and transitions into whatever lies ahead be blessed.

A Personal Word of Thanks

In the spirit of giving thanks, I too wish to give thanks today. I have recently received an exciting call to serve as the new Director for Stewardship of the Nebraska Synod of the Evangelical Lutheran Church in America. In my transition into this new chapter, I will no longer be serving as the Communications Associate for the Ecumenical Stewardship Center (ESC).

I am grateful for the opportunity to serve in this way these past 2 years. I am tremendously grateful to Marcia Shetler, the Executive Director/CEO of ESC for this opportunity. I am also excited to share that though I will no longer be serving in this capacity; I will continue as a committee member for COMPASS and ESC and will continue to offer thoughts and perspectives on this blog about once a month as a volunteer contributor. I look forward to continuing the faith and finances conversation with all of you well into the future.

timothy headshotAbout the Author: In addition to these roles and news, Timothy Siburg also currently serves as a congregational mission developer, among a few other roles. He blogs regularly on his own blog as well.

Image Credit: Graduates

This blog is a component of the Ecumenical Stewardship Center’s COMPASS initiative to engage young adults in conversations about faith and finances. Like what you see and want to know/do more? Visit the COMPASS web page and join the COMPASS community on Facebook.

Managing Debt

A new part of the COMPASS resources this year are live chats with thought leaders on the month’s theme featured on the blog. During March, COMPASS has focused on “Managing Debt: Loans and Money in March.”

Sandy Crozier, Stewardship Development Director of The Free Methodist Church in Canada

Sandy Crozier, Stewardship Development Director of The Free Methodist Church in Canada

This past week Sandy Crozier presented on Managing Debt offering tips and ideas for how to repay debt, have emergency savings, and to be financially fit. The recording of the chat is available here to watch the discussion and gain Sandy’s wisdom.

Please note, as this was the first COMPASS Live Chat there were a few technical issues in the first 5-10 minutes of the recording, but after that, it worked well.

Enjoy the presentation, and please share any thoughts, questions, or comments on the topic that you may have here in the questions and we’ll continue the faith and finances conversation about managing debt together.

This blog is a component of the Ecumenical Stewardship Center’s COMPASS initiative to engage young adults in conversations about faith and finances. Like what you see and want to know/do more? Visit the COMPASS web page and join the COMPASS community on Facebook.

Managing Debt: Loans and Money in March

As the calendar turns to March, COMPASS is focusing on debt management this month. You will hear perspectives from financial advisors, debt experts, and faith based financial voices as well. As we set the stage for this conversation, it is important to briefly articulate some of the different types of debt we might face.

debtCredit Card Debt

A couple of years ago, about 6 out of every 10 millennials did not have a credit card. Since then, that ratio has changed somewhat. One thing that does seem clear is that millennials as a generational group lack some credit card knowledge, especially as they relate to credit scores.

Student Loan Debt

Among Millennials, student loan debt is a major generational challenge because of the well-documented increase in the cost of education over the past two decades. Natalie Kitroeff recently noted “Four Ways Student Debt is Wreaking Havoc on Millennials.” Natalie notes that:

  • Student debt seems to dampen home buying
  • Young people are delaying starting families
  • Millennials are saving less than they could be
  • College loans make it hard to be financially healthy

How do we manage these and other kinds of debt? How do we faithfully give and live when facing the reality of debt?

These are questions that there aren’t easy answers to. For example, most of the above observations are true for my wife Allison and me. We have found that it is most helpful to remember the reasons for the debt in the first place.

We have yet to buy, or even look for a home because of our educational and vocational plans as we prepare to be a pastor (Allison) and a rostered leader in ministry (me). We have taken on this debt largely because we believe that our education matters, and that we are called to serve in capacities where an education will be invaluable. So in this sense, these loans are and remain an investment on our part in our present and future.

Conversations about Debt

Sandy Crozier, Stewardship Development Director of The Free Methodist Church in Canada

Sandy Crozier, Stewardship Development Director of The Free Methodist Church in Canada

This month COMPASS is beginning a new initiative offering a monthly conversation in real-time on the month’s theme. The first conversation will center on topics related to debt and how to manage it. It will be held on Tuesday March 22nd at 8pm EDT/5pm PDT. Sandy Crozier will be our topic leader. Sign up for the Live Chat at https://stewardshipresources.org/compass-live-chats. If you have questions that you would like to discuss, please let us know in the comments, via Facebook or Twitter, or by email.

What questions do you have about debt and managing it?

This blog is a component of the Ecumenical Stewardship Center’s COMPASS initiative to engage young adults in conversations about faith and finances. Like what you see and want to know/do more? Visit the COMPASS web page and join the COMPASS community on Facebook.

Image Credit: Debt

Mint.com- a tool for budgeting, saving, giving & more

During February the COMPASS blog is having “Faithful Fun with Finances.” We’re thinking about credit scores, budgets, planning, and other topics. In this post, new COMPASS team member Jessica Zackavec shares about a resource which she has found useful, Mint.com, as a tool for budgeting for Millennials. We share it here as a look at one potential tool and resource that can be used in the budgeting process.

Budgeting can be difficult, as most Millennials in this fast-paced world recognize. Most of us are always on the go which makes it hard to keep up with a monthly budget, or at least I know it’s hard for me. I’m a newlywed with a husband who has a busy work schedule (he works full-time and is a volunteer firefighter). Our time together is often limited, which makes it quite precious. Finding time to sit down and figure out the budget isn’t something either one of us really wants to spend much of our time on. I found Mint.com a while back, and decided to give this budgeting tool a try. (Mint.com is related to Intuit and Turbotax which most people have heard of, which increased the credibility for a new user like me.)

Budgeting using Mint.com

Budgeting using Mint.com

Set-up

When you start with Mint.com I recommend using Firefox as your browser to ensure a smooth experience. It will ask if you would like to connect your bank, credit card, and loan accounts. You can connect them to your Mint account by following the instructions and using your online bank, credit card, or loan logins and passwords. Some may find this a little scary, but we did our research and felt very at peace about using it.  You need to do whatever you are most comfortable with personally. Once you connect your accounts, Mint will categorize your spending. (Just note that you may need to go back in and re-categorize a few purchases here and there).

Budgeting

The Mint.com App

The Mint.com App

You are able to set up a monthly budget. Once you establish an account, Mint categorizes your spending; it will show you exactly what your spending looks like for the last month. Mint will inform you via email if your spending goes over budget in any category, which is a helpful reminder!  Also, Mint.com has an app which makes it great for me and my husband to see what’s happening with our money even when we are apart.  It’s very convenient to log in to one place or open the Mint.com app to view our finances. Logging in to each account separately was a time consuming chore for us. If you are on the go like we are, you will love what Mint can do for you and your budget!  It’s easy to forget some of those small purchases which add up by the end of the month.  It is quite beneficial to see what your money is actually used for.

Saving

One of the cool options we have both really enjoyed is the goal section. We are able to create our own savings goals such as for a down payment on a house and an emergency fund.  Mint will also give us an estimate of when we will reach our goal. It also has a visual tool to help us track our progress and see where we are in our saving process.

Giving

Mint.com’s help with our budget allows us to set giving goals too. Establishing our giving goal brought back fond memories of Sunday School when we would try to make a giving goal for missions.  We’d have a big thermometer that you got to color in every time you gave a bit more so we could see where we were with our end goal. Mint provides that visual motivation as well!

Ongoing Use

I have really enjoyed my month with Mint, and think my husband and I will continue to use it. It’s very easy to maintain, and by spending just a little bit of time here and there, you can easily keep track of your financial spending, saving, and giving too!

jessica headshotAbout the Author: Jessica Zackavec is a newlywed and the wife of a volunteer firefighter. She has a passion for stewardship, and enjoys budgeting. She also loves crafting and all things Pinterest, if there is an opportunity to make something amazing for cheaper she will find a way! Creativity is a big part of her life at work and home. She is the Church Relations Coordinator at Barnabas Foundation and works in Stewardship Education, as well as Marketing.

This blog is a component of the Ecumenical Stewardship Center’s COMPASS initiative to engage young adults in conversations about faith and finances. Like what you see and want to know/do more? Visit the COMPASS web page and join the COMPASS community on Facebook.

Image Credits: Mint Budget and Mint.com App.

What is your money, debt management, and generosity type?

During February the COMPASS blog is sharing some Faithful Fun with Finances. Today, we welcome back regular contributor Beryl Jantzi to the blog who shares about and asks, “What is your money, debt management, and generosity type?”

It’s been suggested that Americans fall into one of four groups when it comes to how we manage money. Maybe as you review these four models you can identify your own and decide what changes if any may be helpful moving forward.  Here’s what they are:

The Perfectionists: 19% of Americans

These consumers know the exact route to their financial goals, whether they developed the map themselves or sought a professional financial planner. Not only do they have a household budget, which includes retirement savings and insurance, but they work toward specific short and long term savings goals.

The Dreamers: 38% of Americans

Most consumers fall in this category. They have some goals worked out and have an idea of what they’d like to achieve. Dreamers may have savings plans for retirement or education, but they haven’t pulled everything together to form an overarching plan.

The Procrastinators: 33% of Americans

These consumers put forth the bare minimum and might get to the rest of planning later. Most in this group have a budget or plan to address savings goals, but not both. Their comprehensive financial planning behaviors don’t differ much from wanderers, but some Procrastinators keep a written budget, and they tend to avoid racking up credit card debt.

The Wanderers: 10% of Americans

In this group, people float from bill to bill without any intentional plan. They tend to live in the moment without much concern for the future. They may have debt but probably couldn’t tell you the total debt they have.

How do you manage your money?

How do you manage your money?

Knowing our predisposition for managing money is a good start to knowing what we may need to do to get to the next step.  Most of us will need to move one step at a time father than leap from a Wanderer to a Perfectionist.

Questions to ponder:

  • Where do you see yourself most closely identified by the descriptions stated above?
  • If you don’t like the label used to identify your style what different word would you use?

Your generosity will be most fruitful when you have a clear understanding about how God is calling you to share what has been entrusted to you.

Are you a generous wanderer? Is your generosity usually based on the whim of the moment?

Are you a generous procrastinator? Do you have good intentions about giving, but never get around to it?

Are you a generous dreamer? You give, but you could be more disciplined and focused with your giving?

Are you a generous perfectionist? Do you feel confident about your giving habits now, and have plans to continue to increase it in days to come?

In the book of Philippians, Paul writes,

“Not that I have already obtained this or have already reached the goal; but I press on to make it my own, because Christ Jesus has made me his own” (Philippians 3:12, NRSV).

What small steps can you take today to move from one money management and generosity type to another from the examples described above?

Source: Household financial planning survey 2013

Beryl Jantzi and familyAbout the Author: Beryl Jantzi currently serves as Stewardship Education Director for Everence, a Christian-based, member-owned financial services organization which is a ministry of Mennonite Church USA and other churches. 

This blog is a component of the Ecumenical Stewardship Center’s COMPASS initiative to engage young adults in conversations about faith and finances. Like what you see and want to know/do more? Visit the COMPASS web page and join the COMPASS community on Facebook.

Image Credit: Piggy bank.

Faithful Fun with Finances in February

How is that for some alliteration? COMPASS’ focus and mission is on creating conversations related to faith and finances for Millennials and young adults. This month on the COMPASS blog, we will dig deeply into some fresh financial topics such as credit scores, credit cards, taxes, income tax filing, and student debt. In March, we’ll continue a focus on finances with a closer look at debt management.

February is a month with more than just Valentines. We are going to have fun thinking about #faithandfinances.

February is a month with more than just Valentines. We are going to have fun thinking about #faithandfinances.

I am looking forward to sharing posts with you on the blog from persons who have far more expertise on these topics than I do. To start the conversation though, I have a few thoughts about some of our February topics.

Credit Scores

I am no expert when it comes to credit scores, but I have checked my wife’s and mine a few times because of having a credit card and paying student loans. I have learned that paying bills regularly and on time has a positive impact on your credit score. The credit score is one factor that is used when deciding if you will be approved for loans or other credit.

Income Taxes

In the United States, income taxes must be filed by Friday April 15th this year. Because of this, I am guessing that most of you have not yet started preparing your tax forms. I have to admit, I haven’t either. It’s on my agenda for this month, and I will let you know on the blog how that goes. Here are some things you can start doing now before filling out your paper or e-form:

  1. Find your 2015 receipts that you might use for deductions.
  2. Make sure that you have received all W-2s and other such forms (like 1099-Misc.) which you receive.
  3. Do a little research to determine the best way for you to do your tax preparation (e.g., do you need an accountant, tax preparation software, do you do it by hand??). The approach will vary based on your level of patience, time, interest, and expertise.

Student Loan Debt

At the start of each month my wife Allison and I make sure to set up payments for our student loans. Because we try to pay enough to reduce the principal in addition to the interest, it’s always nice to see that the total amount has gone down, thanks to the previous payment! If possible, adjust your payment schedule and/or amount to pay more than just the interest on student loans.

These are just a few observations from my experience. It’s also helpful to remember that in spite of all of the stress that financial matters can create, God is present with you. One of my favorite passages to remember which helps me put things in perspective and gives me patience is Isaiah 43:1-7.

“Do not fear, for I have redeemed you; I have called you by name, you are mine. When you pass through the waters, I will be with you; and through the rivers, they shall not overwhelm you; when you walk through fire you shall not be burned, and the flame shall not consume you… you are precious in my sight, and honored, and I love you… Do not fear, for I am with you.” ~  from Isaiah 43:1-5, NRSV.

What are some financial questions and topics that you have been wondering about?

About the Author: Timothy blogs regularly and serves as the Communications Associate for the Ecumenical Stewardship Center with a focus on COMPASS. He also serves at Messiah Lutheran as the congregation’s mission developer.

This blog is a component of the Ecumenical Stewardship Center’s COMPASS initiative to engage young adults in conversations about faith and finances. Like what you see and want to know/do more? Visit the COMPASS web page and join the COMPASS community on Facebook.

Image Credit: Hearts

One More Resolution- To Share More Openly & Often about Money and Giving

January’s COMPASS focus is financial New Year’s resolutions. Earlier this month I shared some of my own, but today I would like to add one more to that list. My wife Allison and I would like to talk more openly and more often with others about money and why we give. Coincidentally, this past weekend we were asked to share a “ministry moment” about stewardship and why we give at the congregation (Messiah Lutheran Church in Vancouver, Washington) we serve. What follows is what we came up with, and what Allison shared aloud.

We are so excited to give and talk about money, that we are jumping up and down in the snow about it.

We are so excited to give and talk about money, that we are jumping up and down in the snow about it.

My husband, Timothy, and I are happy to be one of the couples sharing why we give as a part of this year’s focus on stewardship. In fact, I really like how Messiah has different people share their personal take on why stewardship is important.

But just to play devil’s advocate, I want to share why it might not be very smart to give:

  1. When you give to the church, it leaves less money for spending on fun stuff.
  2. It forces us to realize how much we’re actually spending.
  3. It forces us to realize how much we’re actually making.
  4. It forces us to sit down, with no cell phones, no laptops, and no TV so we can have an honest-to-goodness conversation about what we value, what we believe in, and what our dreams are.

Money does that.  So maybe there are some good reasons to give.

It’s true – once a month we make a chocolate chip pancake breakfast and talk about our finances and budget, partly because giving is so important to us, and we need to know how big or how little my coffee budget needs to be this month.

We ask each other: “What are the things and groups that matter so much to us that we want to give money to them?”

The first place we think of… is often not church. I’d love to say it is, but often it’s student loans from three different degrees that we’re not even halfway done paying, it’s paying for car expenses that helps us get to the grocery store, me to hospital visits, and helps us drive for an overnight once in a while to our families’ homes three hours north, which we haven’t been able to do in five years.

Yes, all of the things I just listed are things we spend money on that aren’t the church, but in all of this, God is at work using what God first entrusted to us.

At church we hear the message over and over again of Jesus’ life, death, and resurrection and the good news of God’s love which propels not just our work, but this whole community’s work of love and service in the world. It’s in the giving and spending our money intentionally that we’re giving our money and our lives over to God. That includes tithing and giving money to church, but also to organizations that align with our values like our alma mater Pacific Lutheran University, and money for coffee so I can learn your beautiful stories of struggle and joy and faith, and gas for our car and going to school, tuition payments, using our brains and gifts of compassion, empathy, and hard work.

So why do we give to the church? We give because we are only beginning to understand the depth of God’s love that is shown most potently through faith communities like Messiah shaped by the table, and by Christ’s living water. This stuff matters to Timothy and me.

As a couple, to discern where to give our money to, we listen to God through prayer, music, service, worship, our neighbors, and through each other. We continue to find out how God is at work, and how exciting that is to be a part of it.

Happy New Year's from Allison and me in surprisingly Snowy Washington

About the Authors: Timothy blogs regularly serves as the Communications Associate for the Ecumenical Stewardship Center with a focus on COMPASS. He also serves at Messiah Lutheran as the congregation’s mission developer. Allison also blogs regularly and serves as the Pastoral Intern at Messiah Lutheran, serving a culminating internship prior to being ordained to be a pastor in the Evangelical Lutheran Church in America (ELCA).

This blog is a component of the Ecumenical Stewardship Center’s COMPASS initiative to engage young adults in conversations about faith and finances. Like what you see and want to know/do more? Visit the COMPASS web page and join the COMPASS community on Facebook.

Move Mountains

During January the COMPASS blog is sharing space for financial new year’s resolutions. The series continues as regular contributor Matt DeBall, shares some thoughts about January being “A new beginning,” and about praying, saving, giving, resting, and community. 

January. A new beginning. A fresh start. In this first month of the year, we have the perfect opportunity to take stock of lifestyle habits, try new patterns, set goals, or even chart a new course altogether. For Christ-followers, it only seems natural to also consider how to love God and neighbor in new ways.

credit given to Glenn Riegel

Majestic Mountains, a photo by Glenn Riegel

In seeking to respond anew to the movement of God, I can’t help but think of our recent celebration of Christmas. The prophet Isaiah shares, “In the wilderness prepare the way of the Lord, make straight in the desert a highway for our God. Every valley shall be lifted up, and every mountain and hill be made low…. Then the glory of the Lord shall be revealed” (Isaiah 4:3-5).

While this scripture is traditionally used in beautiful Advent liturgies and alludes to the coming of the Christ-child, it is also a call to continually make way for the Kingdom of God in our world. Our God is coming, and we need to move mountains to make the road ready. This challenge from the prophet also reveals the way in which God, as our sovereign Lord, desires for us to be prepared for the Holy Spirit to make bold moves in us and through us every day.

Changing geological features as Isaiah describes certainly seems like a daunting task, but as Jesus shared with his disciples, faith the size of a mustard seed can move mountains (Matthew 17:20). By trusting in our Savior, we have enough faith to raise any valley and flatten every mountain. With Jesus, every roadblock to God’s Kingdom is removed.

As we begin this year, here are a few ways we can make room in our lives and world for God’s kingdom.

Pray – Whether at home with others or alone on the go, there are many “in between” moments where God is present with us. By using some of these seconds or minutes for prayer, we can be refreshed by God but also be open to the movement of the Holy Spirit in every encounter of our day. Making way for God happens not only in action but also in attitude. As we make room for these reflective moments with God, we are made aware of how we can better love others and serve God.

Save and give – Money is an important resource related to almost everything in life, and as people of faith, it is essential for us to be good stewards of it. Though we may not compare making financial changes to “moving mountains,” we can be comforted in knowing that small changes also make room for God. You may consider:

  • Putting aside dollars in relation to what week of the year it is (Week 1: $1, Week 2: $2, …). [Catch up by putting aside $10 before the end of January.] Before next year, you will save nearly $1,400 to give to your church, put in savings, or some of both. OR
  • Collecting spare change and dollars in a jar until it’s full, and deciding before it’s counted how it will be divided for giving and saving.

Regardless of what method you use, imagine how that money could be used to further God’s kingdom in your community and make way for the peace of God’s kingdom in your own life.

Rest – It can be so easy to pack our schedules full with (mostly) meaningful activities. But if we put too much on our weekly calendar, a lack of energy or attention may dampen our effectiveness. For ourselves and for those whom we serve with at work, at church, or in our community, we must be good stewards of not only our time but also our energy. To make way for God’s Kingdom, consider scheduling more time for restful and re-energizing activities.

Community – As we make room for God in new ways, both in our own lives and wherever we go, we cannot do it alone.  Whether a personal goal or a communal change, teamwork is essential to consider. As the saying goes, “many hands make light work.” Whether before or after setting goals, consider whom you might invite to join you on the journey.

May the Holy Spirit reveal how you might move mountains and raise valleys to make way for God’s kingdom in your life and in the world. And may we all experience grace and peace as we strive to fervently love God and neighbor in the year ahead.

Matt DeBallAbout the authorMatt DeBall currently serves as the coordinator of Donor Communications for the Church of the Brethren. He is pursuing a Master’s of Divinity from Northern Seminary, and enjoys running, reading, and napping. He and his wife, Chelsea, live with their Welsh Corgi, Watson, in northern Illinois.

Four Simple Financial New Year’s Resolutions: Share, Save, Spend, and Plan

Four Simple Financial New Year’s Resolutions: Share, Save, Spend, and Plan

During January the COMPASS blog is sharing space for financial new year’s resolutions. The series continues as Marcia Shetler, CEO of the Ecumenical Stewardship Center shares some thoughts about sharing, saving, spending, and planning.

happy new yearWith a grateful nod to my friend Nathan Dungan, I’d like to suggest four simple financial new year’s resolutions. Nathan is founder and president of Share Save Spend, and his website is full of great resources related to finances.

  1. Share!

Data about young adult giving in Canada and the US provides mixed reviews. The Globe and Mail reported last summer that less young Canadians are giving financially. In the US, though, CNBC reported that 84% of Millennials made a charitable donation in 2014, and 70% spent at least an hour volunteering.  But because their giving is strongly influenced by their peers, social media momentum, and current issues, it can tend to be sporadic.

While some Christians use the tithe (10 percent of income) as a giving measurement, it can also be a goal to aim for over a period of time. Do you know what percentage of your income you gave as charitable gifts in 2015? If you’d like to give more, set a “step goal” for yourself: an increase of a percentage or two. Now translate that into actual dollars and decide how you would like to give it. You can even include a category for unexpected or new opportunities you might encounter this year.

  1. Save!

It can be hard to save when you are faced with student debt and new expenses related to living on your own, but getting into the savings habit will reap benefits in both the short run and long-term. Sometimes adding to your savings is as easy as increasing your knowledge. For example, does your employer offer matching contributions to your retirement fund, and are you taking advantage of that opportunity? According to CNW, more than one third of Canadian Millennials can’t answer that question.

Even if you have a tight budget, you can develop a saving mindset. Pick a short-term goal. Save your loose change. Save by spending less, like on apps, eating out (including work lunches), and entertainment that costs money. Open a savings account and schedule automatic transfers from your checking account, perhaps synching it with your payday. Money you never “see” can be easier to save.

  1. Spend!

For most people, money is an integral and unavoidable part of life. So if we are going to spend, it’s important to do so wisely. Just this month, right after the traditional Christmas gift-buying binge, The Washington Post reported that one of the newest spending trends is choosing experiences over tangibles. “People are saying, I’ve got enough stuff. I want to pamper myself a bit and do something that makes me feel good,’” the article quotes Steven Kirn, executive director of the University of Florida’s retail education and research center, as saying. This kind of attitude toward spending can spiral out of control quickly.

In the COMPASS blog, we’ve encouraged looking for ways to live a fulfilled life without overspending. Here are a few previous posts that you might want to read for more ideas:

  1. Plan!

time to plan“If you fail to plan, you plan to fail” is a familiar phrase. Whether you want to share more, save more, or spend more wisely in 2016, developing a plan to do so is essential. If you’re not sure how much money you have or where it goes, gaining that understanding is a necessary first step. For just one month, or even just one pay period, keep a detailed record of where all your money went. How much did you share? How much did you save? How much did you spend? How can you adjust so that you are sharing, saving, and spending to reflect the life that God is calling you to live?

This blog is a component of the Ecumenical Stewardship Center’s COMPASS initiative to engage young adults in conversations about faith and finances. Like what you see and want to know/do more? Visit the COMPASS web page and join the COMPASS community on Facebook.

Image Credits: Happy New Year and Time to Plan

Financial New Year’s Resolutions

Happy New Year from all of us at COMPASS! 2016 is going to be a year of continued, new, and exciting conversations. We’ll continue to explore faith, finances, and topics such as debt management, saving, thanksgiving, gratitude, and giving. We’ll also enter into new conversations about shared economies, alternate living situations, pooling resources, and even piecemealing income.

resolutionsTo kick off the year, during January COMPASS Team members and other Millennial guest bloggers will share resolutions, questions, and ideas for financial New Year’s resolutions. To start this month’s series on Financial New Year’s Resolutions, I figured that it would only be fair if I shared some of my own first.

I have to admit, I have never been enthusiastic about New Year’s resolutions. It’s not that I have made them and then not followed through:  I’ve just never really made them. I know that they are helpful for some people, but instead of resolutions, I am going to make a few promises to myself. When I promise something, I generally follow through.

  1. I Promise Myself that I Will Be Healthier

This might sound like a generic resolution, and to some degree maybe it is. But for me, this means more than just making sure I work out regularly. Being healthy also means allowing myself space to be most fully and healthy me, emotionally and mentally. 2015 was a wonderful year of growth and opportunity. My plate filled to the brim with great blessings and opportunities as I have piecemealed income and projects. This is exciting but also means that I end up working so many projects that I hardly ever get a full day off during the week. For my health, sanity, and productivity, I am promising myself that will change in 2016. This may mean occasionally saying no to a project that might have provided some extra financing, as well as to continue to make financial commitments for insurance, health care, and regular doctors’ visits. Being proactive and preventative is a promise for health- both physically but also financially.

  1. I Promise Myself that I Will Take Some Time to Breathe

Also related to health, I am starting the year with the promise to give myself a little more “me time” each day for reflection, prayer, moments of gratitude, and vocational restoration. A day off each week away from work and projects is helpful for me to be most productive, but taking a little time to reflect each day also enables me to be my best self whom God has created and called me to be. Without taking this time, I can give in to doubt and stress related to life and finances, while not taking the time to reflect and be grateful for all that God has done and continues to do.

  1. I Promise to include Creativity in My Life

I have found that writing and blogging is a way that I stay healthy and mentally charged. By carving out some time each day to write, I will also be giving myself a chance to reflect and see how I am doing and breathe without focusing on other projects and work that needs my attention. This time allows me to create and write, something that I believe I am called to do as part of my vocation and identity as a Child of God. When done with my blogging and “me time,” I will be even more focused, productive, and ready to dive back into my work for that day, and be able to get more done.

  1. I Promise to Continue to Budget and Save for a Honeymoon and Make it Happen
Happy New Year's from Allison and me in surprisingly Snowy Washington

Happy New Year’s from Allison and me in surprisingly Snowy Washington- being healthy by taking some time to enjoy it together.

My wife Allison and I have been married for nearly five and a half years now. This is the real confession moment: we have not yet gone on a honeymoon. Because of our vocations, studies, and other demands we moved and started seminary (following our faith calling for further education and preparation for ministry) right after getting married. In the meantime, we have created a few different financial savings account pockets, one of which is for our honeymoon. I am promising to myself that not only will we continue to save for this experience, but at least by the end of the year we will have made reservations to make it happen.

  1. I Promise to Give More

As a late 20-something, I know that my wife and I have a long and exciting life and journey ahead. I’m grateful for that, and that’s why we save as much as we do and budget regularly. This year I am promising to build off of that and continue to give more financially. We’re not “crazy wealthy,” but we’re not starving either. We have been more than able to find the ability to continue to pay off our student debt, give towards our faith community and causes we believe in, and save some. I am happy to say that in each year of marriage we have been able to incrementally increase our giving, and I promise that 2016 will continue this trend as we give more of what has been entrusted to our care.

These are five big promises, I admit. But I think that I can keep them. It might mean giving up an occasional early-morning or late-afternoon meeting for a walk or workout, or taking some time that might have been spent elsewhere to collect my thoughts and write some reflections. Overall though, I believe these decisions will make for a healthier, happy, and productive 2016.

What New Year’s resolutions are you making for yourself? What promises are you making to yourself?

Image Credit: Resolutions

This blog is a component of the Ecumenical Stewardship Center’s COMPASS initiative to engage young adults in conversations about faith and finances. Like what you see and want to know/do more? Visit the COMPASS web page and join the COMPASS community on Facebook.