5 Decisions That Will Kill Your Ability to Save


5 Decisions That Will Kill Your Ability to Save

Are you killing your ability to save?

There are a number of excellent reasons to save:

  • Adequate savings can prevent financial ruin when unforeseen expenses arise
  • Having enough savings can reduce personal and relational stress
  • Saving money can help pay for college or cover living expenses during retirement
  • Having a healthy savings account can protect your ability to live and give generously

Possessing adequate savings is an essential element for financial health. And financial health is a means by which we can experience generous, Kingdom-advancing living. Financial healthy people are better able to say “yes” instead of “not yet.” And it is that life most of us yearn to experience.

So what decisions are killing your ability to save and experience financial health?

1. Not defining a savings goal

Identify a savings goal.

Goals motivate.

Goals direct.

Goals tell you when you’re done and can celebrate.

How much should you save?

Try having three to six months of living expenses in a savings account.

In my book, The Money Challenge, this is Milestone 5. Let the number of those for whom you are financially responsible determine whether to pursue the shorter or longer end of the three to six months range.

2. Taking on debt

The Bible says that we are slaves to our lenders (Prov. 22:7). It’s true. When a credit card bill hits your mailbox, you must pay it, whether you want to or not.

Related: 30+ Bible Verses About Saving Money and Investing

Debt payments remove your ability to use that money for other purposes.

Avoid debt and increase your savings.

3. Not planning

Unfortunately, money in a savings account does not magically appear. As mentioned before, you should have a goal. But you should also have a plan to achieve that goal.

As you look at your income and expenses, consider how you can set aside money each month for savings. Create a plan to reach your savings goal.

4. Keeping up with the Joneses

“Keeping up with the Joneses” means trying to maintain a lifestyle that mimics those around you. Because of social media, the Joneses seem to be ever-present. We can’t get away from them. But obsessing over others’ possessions is a sure way to develop dissatisfaction with your own possessions and live beyond your means.

See why thousands of churches trust with their online giving and mobile giving solutions.

The money you could set aside for savings is spent trying to maintain a façade that is destined to crumble. Don’t create a façade. Create a savings account.

5. Not leveraging technology

Because of online banking, setting aside money each month for savings has become exponentially easier. So take advantage of technology.

Set up a monthly transfer from your checking account to your savings account. Try to make the transfer occur on the same day you are paid. This will reduce the temptation to spend before you save. Technology can help you reach your savings goal. So use it.

Over to you

Saving money is critical for financial health. And financial health is a means by which financially-generous, Kingdom-advancing living can be experienced.

We save to give.

We save to protect our financial priority—generosity.

Consider what decisions may be killing your ability to save. And take the next step in your journey to financial health and living generously by saving.

What decisions have kept you from saving? Share what you’ve learned in the comments below.

Editor’s Note:This is a guest post by Art Rainer. Art is the author of The Money Challenge: 30 Days of Discovering God’s Design for You and Your Money.

Expert Tips on How to Effectively Launch a New Online Giving Tool

Make it accessible so people can give in the way that is most comfortable to them. Don't make it hard for people to give money.
Some people like to give online, some like mobile, some like text. Whatever they like, let them give in that way if you can.
Brady Shearer
Talk about it every single week. Consistently promote it on every platform. 
Be patient. We all resist change.
Michael Lukaszewski
Launch it to your staff, your leaders, and your volunteers (in that order) and help those groups use it before you launch it publicly.
Teach it in your new member class.
Allow for people to sign-up right on the spot via their mobile phone (or through a laptop or iPad for those that don't have a mobile device handy).
Justin Dean
On launch weekend, have volunteers and staff accessible with iPads to walk people through how to set up an account and get recurring giving configured.
Daniel Irmler
On a regular basis, tell stories from members who are using and loving it. 
You don't don’t need a big production value shoot. Keep it simple by using an iPhone (horizontal) and a decent mic.
Invite your congregation to take out their phones and download the mobile giving app right in the service.
Nik Goodner
Explain the why behind the change and highlight the benefits of the new system. 
People like to be "on the team".
Kevin Ekmark
I always tell people, "you need to clean your house before you invite friends over". It's crucial that your giving platform is easily found, whether it's on the web or in the church. 
On the web, making sure that your website is mobile friendly (Google and Bing both recommend mobile responsive design) can be a huge help. You can also incorporate bots from Facebook or a service like Intercom to help walk people through online giving on your website. When necessary, a human can jump in and help too. This helps complete the process from being found online to completing the online giving.
Logan Fields
Tell them the real reasons. Giving members are concerned with what's best for the church and not just what they individually prefer. Transparency.
"This platform will allow us to better manage finances and spend less staff time on the books and more on people." etc. The temptation is to treat members like consumers who we need to impress instead of team members. Treat them like equals who you assume are interested in what's best for the church/ mission and people will likely rise to it.
Kenny Jahng
Launch a $3.16 campaign. Ask people to all give just $3.16 to a weekly or bi-weekly blessing fund. Then, pick one person or cause to bless IN TOWN and go give that person all the money collected.
  • It could be the all volunteer firefighter squad in town. "We'll take all the $3.16's collected and go buy a meal or treat and drop off for the firefighters who volunteer."
  • It could be a widow the church knows about - bless her with something new for her home or hobby or pets.
  • Single mothers - supply them with a night out. Or pay for a house cleaner or a handyman for a couple of hours.
  • Special needs families - pay for evening out for the parents and child care for the special needs kids so the parents get a break.
  • You can ask for "sponsors" in the future, getting people to nominate good causes (let the youth do this!) and let them deliver the blessing and report back each sunday.
  • You can ask for "sponsors" in the future, getting people to nominate good causes (let the youth do this!) and let them deliver the blessing and report back each sunday.
This works incredibly well because you are teaching generosity / outward posture to your people on a consistent basis and getting people to give on mobile- while making it about PARTICIPATION vs AMOUNT. You'll have people regularly trying out the mobile option as well as pre-register them in the system.

There you have it! Some amazing tips, right?

Which tip stood out the most to you … or looked to be the craziest?! Share with us in the comments below, we’d love to hear from you! powers mobile, text, and web giving for
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5 Decisions That Will Kill Your Ability to Save powers mobile, text, and web giving for
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