Money is a terrible master but an excellent servant! -P.T. Barnum
In one of the most awesome and practical methods to both preserve and create wealth,this chart is making the rounds on facebook. How convenient it is to deposit only the amount equaling the week of the year! This fund can also take on a name: college fund, car repair, health funding, emergency/rainy day...the list goes on,but the idea is clear.
This is the fifth week and participants should have by now deposited a total of only $15. That’s right, only $15 next week, depositors should have a new year total of $21 since it will be the sixth week of the new year. Money trouble has paralyzed vibrant ministries all over the country and has stunted growth in many areas. With this savings charts, believers and non-believers alike have at their disposal a practical method to saving money and building wealth at a practical pace.
Churches have begun funding programs for the year’s goals and as many members scramble to find money that otherwise wouldn’t “be there”, this savings chart allows leadership and laity alike to preserve money for the year. If a goal is set for mid-year, the congregants would likely be able to meet their financial obligation without strain. At week 26, the deposited amount should be $351. For larger sums, the close of the year would yield better results. The final deposit for the year end would ($52) yield a total of $1,378.00.
Looking at it, that still seems like a pretty small amount to save all year. However there are other variations for this. Super Savers like gospel industry music executive Fred Stewart contribute daily under the “Super Saver” program where an amount equaling the day of the month is deposited. By week one(7 days), the total would be $28. By January 31, the total would be $496...talk about Super Savings!
With somewhere close to $500 being saved each month, that’s close to $6,000 saved at the end of the year. Not everyone is able to participate as a super saver, so the regular method should work just fine in either case without causing any exorbitant financial strain.
So…are you ready for a financial turnaround? It’s closer than you think! The Lord has indeed blessed us with wisdom and power to create wealth(Deut.8:18) and it’s high time that His people begin to operate in it. With more money at church members’ disposal, the local church can once again begin to flourish in these unsure financial times.
In times like these, we need a savior…-Ruth Cye Jones
In times like these, we need savers! The 52 Week Money Challenge is sure to brighten the dreary financial outlook among American congregants and church leadership alike! Ready…set…SAVE!
One more tip: Consider opening a separate checking or HYI Savings account to maximize this year's savings and create an ongoing wealth building practice.
Churches,could also benefit from doing the same or participating in the "Super Saver" method mentioned in the article! Happy Saving! -Fred