Family Finances

1 Timothy 6:10

Importance of Financial Management in Marriage

  • Financial issues: A leading cause of marital problems
  • Example: Cartoon illustrating naivety about money in marriage

Approach to Handling Finances

  • Importance of mastering money
  • Affluent society brings more financial choices and decisions
  • Three key areas to cover: Biblical truth, management, and children and money

Biblical Truth and Money

  • The doctrine of finances in Scripture
  • Money discussed extensively in the Bible
  • Connection between resurrection power and finances
  • Jesus spoke more about money than heaven and hell combined

Principles of Christian Stewardship

  • Stewardship is total, not partial
  • Erroneous teachings on tithing
  • Giving should not be seen as a means to receive more

Giving as Investing in Eternity

  • Sowing and reaping analogy
  • Money as a form of fellowship and faith
  • Giving without expectation of return

New Testament Requisites for Giving

  • Regularity, personal responsibility, systematic approach, and proportionate giving
  • Attitude over amount in giving

Attitude Towards Money

  • Example of the widow's mite
  • Importance of motive over the amount of money
  • Money as a reflection of one's relationship with God

Management and Money

  • Importance of unity in marriage for managing finances
  • Role of wives and mutual understanding in financial management

Practical Tips for Money Management

  • Regular assessment of financial situation
  • Forsaking non-essentials
  • Setting mutual goals and guidelines
  • Expecting the miraculous in financial provisions

Resources and Tools

  • Recommended books and materials
  • Availability of practical guides like "138 Ways to Beat the High Cost of Living"

Children and Money

  • Parental responsibility in developing children's attitudes towards money
  • Importance of allowances and accountability
  • Encouraging work and savings

Conclusion

  • Key principles for teaching children about finances
  • Practical experiences and lessons learned through financial management

*The above summary is AI-generated, so discrepancies may exist. Please refer to the audio or video file to verify accuracy.

About the Contributors

Howard G. Hendricks

Dr. Howard G. Hendricks, known simply as “Prof,” directly or indirectly touched millions of lives in the evangelical community and beyond. For more than sixty years Prof served on the faculty of Dallas Theological Seminary (DTS), where he taught more than ten thousand students. He served as the chairman of the Center for Christian Leadership for over twenty years. He also ministered in person in more than eighty countries. Through speaking engagements, radio, tapes, films, the sixteen books he authored and coauthored, countless journal and popular-market articles, his service on numerous boards, and his work as a chaplain to the Dallas Cowboys (1976–1984), his reach was and is worldwide.

His legacy, in partnership with Jeanne, his wife of more than sixty-five years, includes four children and six grandchildren. Holding large audiences enthralled at venues such as Billy Graham’s conference center or Promise Keepers’ stadium rallies, Prof would confide, “It’s wonderful to be here with you, but I have a group of delicious students waiting for me back at the seminary.”