Family and Church Financial Stewardship

Stewardship Class PromoEven though I have spent most of my academic career teaching courses on ethics, one of my favorite courses that I teach is actually in the realm of stewardship. STWLD 3603: Family and Church Financial Stewardship is a fun class to teach because I get to see my students implement the concepts they are learning on a weekly basis.

As you can tell by the title, the course covers two major areas of financial stewardship–the family and the church. In the first half of the class, we consider what the Bible says about financial stewardship and how to apply those truths to our lives. We also handle some of the unique components of financial management for ministers including housing allowance and ministerial taxes.

The most practical assignment for this section of the class is the family budget analysis. Students are required to track every expense for two months, categorize those expenses, and then analyze their expenses. This is the first step to building a workable budget. Many of my students have never tracked and analyzed their expenses, so this is the first time they get a clear picture of how they use their money. Students are regularly surprised by what they find and begin making changes immediately.

When we transition to the part of the class on church financial stewardship, the focus is on how to build a church budget and how to protect the church’s money. New seminary graduates often do not have the luxury of going to churches with multiple staff members where someone takes care of the finances. In most cases, the new pastor also has responsibility of managing the budget with the assistance of a volunteer committee. For that reason, it is imperative that they learn how to budget for the church.

In addition, protecting the church’s money is also a crucial element. I once heard a friend of mine who is a church administrator say, “If you serve at a church that collects money, someone is trying to steal it.” The longer I have been around churches, the more I realize he is correct. Whether it is someone taking coins out of the soda machine or a staff member embezzling millions of dollars, the reality is that our churches’ money is vulnerable. Therefore, we need policies in place to help protect money and promote integrity in the handling of money.

As you can see, this class covers a wide range of topics related to financial stewardship. My students are also thankful that they do not have to listen to just me for the semester. This semester’s guests include John Cortines, co-author of God and Money (one of our textbooks), Stephen Osborne, senior relationship manager at Guidestone Financial Resources, and David Hain, executive pastor at Birchman Baptist Church.

I encourage as many students as possible at Southwestern Baptist Theological Seminary to take this class. The class is offered on Tuesday/Thursday at 1:00-2:15 this semester. I also just received approval to offer it in our flexible access format so that students can take it without being on campus. If you are interested in the class, please contact the Registrar’s Office.

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