Financially Faithful Quiz
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Questions and Answers

What is the primary goal of financial planning according to biblical principles?

  • To give more to charity
  • To accumulate wealth
  • To manage our finances effectively (correct)
  • To invest in stocks and bonds

    • What is the purpose of tithing according to the biblical principles?

  • To pay for the church's expenses
  • To demonstrate our trust in God's provision (correct)
  • To show off our wealth
  • To support the pastor and the church building

    • What is the key principle of stewardship according to biblical principles?

  • God owns everything, we are managers (correct)
  • We should give 10% of our income to the church
  • Financial planning is optional
  • Debt is a form of slavery

    • What is the definition of budgeting according to biblical principles?

    <p>The process of creating a plan to manage our finances effectively</p> Signup and view all the answers

    What is the purpose of financial planning according to biblical principles?

    <p>To manage our finances effectively</p> Signup and view all the answers

    What is the key principle of debt management according to biblical principles?

    <p>Debt is a form of slavery</p> Signup and view all the answers

    Which of these actions would be unlikely to raise your credit score?

    <p>Canceling a credit card you don't use</p> Signup and view all the answers

    Suppose you have £100 in a savings account earning 2% interest a year. After five years, how much would you have?

    <p>More than £102</p> Signup and view all the answers

    What is the Christian perspective on money and stewardship?

    <p>Money is seen as a resource to be handled with care and reverence, belonging to God, with emphasis on gratitude, avoiding greed, and giving back to God and the community.</p> Signup and view all the answers

    What are the three ingredients to manage money effectively mentioned by Sofia in the “Saving Journey” webinar?

    <p>Patience, Consistency &amp; Discipline</p> Signup and view all the answers

    Study Notes

    Stewardship

    • Definition: The responsibility to manage and care for resources entrusted to us by God.
    • Biblical basis: Psalm 24:1, Matthew 25:14-30, Luke 12:42-48
    • Key principles:
      • God owns everything, we are managers.
      • Our resources are not our own, but are entrusted to us for His purposes.
      • We will be held accountable for our stewardship.

    Tithing

    • Definition: Giving 10% of our income to support the church and its ministries.
    • Biblical basis: Malachi 3:10, Leviticus 27:30, Deuteronomy 14:22-23
    • Key principles:
      • Tithing is a demonstration of our trust in God's provision.
      • Tithing is a priority, not an optional extra.
      • Tithing is not just about giving money, but about giving our whole lives to God.

    Debt Management

    • Definition: The process of reducing and eliminating debt.
    • Biblical basis: Proverbs 22:7, Romans 13:8, Psalm 37:21
    • Key principles:
      • Debt is a form of slavery (Proverbs 22:7).
      • Debt can lead to financial stress and anxiety.
      • Creating a plan to get out of debt is essential for financial freedom.

    Financial Planning

    • Definition: The process of creating a plan to manage our finances effectively.
    • Biblical basis: Proverbs 27:23-24, Luke 14:28-30, 1 Corinthians 4:2
    • Key principles:
      • Financial planning is a stewardship responsibility.
      • A budget is a necessary tool for financial planning.
      • Financial planning involves setting goals and prioritizing spending.

    Biblical Investing

    • Definition: Investing in a way that honors God and aligns with biblical principles.
    • Biblical basis: Matthew 25:14-30, Luke 19:11-27, 1 Timothy 6:10
    • Key principles:
      • Investing is a form of stewardship.
      • Our investments should reflect our values and priorities.
      • Biblical investing involves avoiding activities that harm others or contradict biblical principles.

    Budgeting

    • Definition: The process of allocating our income to different areas of spending.
    • Biblical basis: Proverbs 27:23-24, Luke 12:42-48, 1 Corinthians 4:2
    • Key principles:
      • A budget is a necessary tool for financial planning.
      • Budgeting involves prioritizing spending based on our values and goals.
      • A budget should include categories for giving, saving, and investing.

    Stewardship

    • Stewardship is the responsibility to manage and care for resources entrusted to us by God.
    • Resources include everything we have, including time, talent, and treasure.
    • Our responsibility as stewards is to manage these resources in a way that honors God and aligns with His purposes.

    Tithing

    • Tithing is giving 10% of our income to support the church and its ministries.
    • Tithing is a demonstration of our trust in God's provision and a way to show our gratitude for His blessings.
    • It is a priority, not an optional extra, and involves giving our whole lives to God, not just our money.

    Debt Management

    • Debt is a form of slavery (Proverbs 22:7).
    • Debt can lead to financial stress and anxiety, and can prevent us from fulfilling our stewardship responsibilities.
    • Creating a plan to get out of debt is essential for financial freedom and enables us to be better stewards of our resources.

    Financial Planning

    • Financial planning is a stewardship responsibility that involves creating a plan to manage our finances effectively.
    • A budget is a necessary tool for financial planning, and involves setting goals and prioritizing spending based on our values.
    • Financial planning enables us to be good stewards of our resources and to live lives that honor God.

    Biblical Investing

    • Investing is a form of stewardship that involves using our resources in a way that honors God and aligns with biblical principles.
    • Our investments should reflect our values and priorities, and avoid activities that harm others or contradict biblical principles.
    • Biblical investing involves being faithful with what God has given us, and using our resources to further His kingdom.

    Budgeting

    • Budgeting is the process of allocating our income to different areas of spending.
    • A budget is a necessary tool for financial planning and involves prioritizing spending based on our values and goals.
    • A budget should include categories for giving, saving, and investing, and enables us to be good stewards of our resources.

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    Description

    This quiz covers the biblical principles of stewardship, including the management of resources, budgeting, spending, saving, investing and tithing.

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