'Where Your Treasure Is...': The Podcast Where Faith And Finance Meet podcast

26:05

In Episode 8 of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss ways in which faith can be put before finance so that vision is turned into provision for churches and charities. Some key points of interest covered in this episode include the following: Bex and Simon introduce the topic of vision and provision in church and charity work, noting from the outset that there is a crucial balance that needs to be struck between having faith and being realistic about financial matters. [00:34] Bex gives some biblical examples to illustrate the fact that God provides for his people in many different ways, sometimes through quite unexpected means. [02:45] Simon uses his own experience as a church trustee to highlight the key principle of identifying the individual responsibilities that people undertake, observing that this will lead them to weigh faith and finance elements differently from those who fill other roles within a church or charity. [03:31] Simon then develops the point, suggesting that it can be helpful to recognise that complementary contributions can be made by those who are very good at managing money and those who are very good at using money. [05:49] In response to a question from Bex, Simon talks about the type of discernment that is needed to deal with circumstances in which there is a gap between the scope and vision for a project and the current level of provision. [07:05] By inviting listeners to put themselves into the position of someone appealing for money to support a vision, Simon highlights the importance of engagement from those who are responsible for the finances of a church or charity; otherwise, important opportunities can be missed or watered down. [10:37] There is a balance to be struck between holding the resources that God has provided lightly and appreciating what has been entrusted to us so that we are diligent and responsible in the ways that we use those resources. [13:22] Simon describes ways in which the issues associated with operating a church or charity budget can be tackled, with a structured approach, oversight, discernment, flexibility and good communication being key factors. [15:35] There are also legal requirements that have to be fulfilled, so Simon speaks about ways in which a good working relationship can be built up with the charity regulator. [18:22] In order to exercise due diligence, there needs to be a plan for bringing a charity to an end, if need be. Simon explains some steps that can be taken to accommodate that possibility. [20:12] Responding to a question from Bex, Simon explains how charities can borrow money, for example by taking out a mortgage. [21:45] Simon concludes by praying for those already involved in charitable work and also for those with a vision to be involved in activity of that nature in the future. [23:42] Bex invites listeners to get in touch with their questions and also with stories about their own experiences of charity and finance. Up next will be a bonus episode, airing in a few weeks’ time, in which Malcolm Webb, a church accountant, will share his experiences of balancing faith and finance on a daily basis. [24:58] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
Staffing and Other Business Factors that Affect the Finances of Churches and Charities 25:11

7 days ago25:11

25:11

In Episode 7 of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss approaches that charities and churches can take to dealing with staffing and other business factors that affect their finances. Some key points of interest covered in this episode include the following: Bex starts off the discussion by asking Simon whether all charities and churches need ‘staff’ [00:50] and then goes on to enquire about essential personnel, such as trustees, for a charity. (01:51) Simon explains that the nature and vision of a charity will determine if, and when, it should start employing staff. [05:01] Simon talks about the advantages for some charities of adopting selected elements of a business organisational structure [06:38] and follows up by outlining key principles that should underpin the approach of a charity that has decided to operate along the lines of a not-for-profit business. [08:41] When it comes to employing staff, Simon notes that it can be a complex area to navigate – not least because there are legal requirements and regulatory policies that need to be observed – and therefore it can be a moment in time when it can be very helpful to enlist some expert assistance. [10:38] When asked about contracts, Simon explains the circumstances under which a temporary contract can be appropriate and also highlights the importance of good communication in relation to contracts in general. [12:43] Simon shares some thoughts about approaches that can be taken in connection with the important task of making decisions regarding appropriate levels of remuneration for staff. [14:17] Once staff have been employed, there is an onus on a charity or church to put in place appropriate communication, review, appraisal, training and contract processes. [17:18] Given the complex and ever-changing nature of employment regulations and tax arrangements, it quickly becomes highly desirable to have access to an accountant, payroll services, HR personnel etc. [19:33] When staffing appointments don’t work out for whatever reason, Simon would recommend taking professional advice (eg from an HR expert or solicitor) as it is very important to adhere to legal and other processes in such situations. [20:49] Once again, the significant role of the trustees is highlighted as they are often to the fore when it comes to ensuring that issues are dealt with in the best and most professional manner possible. [23:59] The next episode in this season will focus on ways in which faith can be put before finance so that vision is turned into provision! [24:31] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
Making Specific Project Finances Work for Charities and Churches 24:11

14 days ago24:11

24:11

In Episode 6 of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss how charities and churches can make finances work for specific projects. Some key points of interest covered in this episode include the following: Simon starts off the discussion by mentioning a number of different types of projects – including special events, new initiatives and building projects – that can require a specific financial response from a church or charity. [01:49] In response to a question from Bex, Simon suggests that the first priority should be to establish the timescale of the project as that will determine how best to manage and schedule the communication and financial elements of the venture. Simon notes that it is important to keep the timescale under review and to be willing to make adjustments to it under certain circumstances. [05:23] Simon identifies the cost of a project as being another important priority when undertaking a special project. He explains that it is important to undertake a ‘scaling’ process to establish the implications for a charity or church of taking on this new commitment, especially if the target amount is equivalent to a high proportion of the expected annual income. [09:33] When asked about how best to predict and control project expenditure, Simon highlights the following points: include some contingency costs in the budget; if possible, increase financial commitments gradually; be realistic and pragmatic when communicating to donors and supporters about money matters. [12:05] Simon outlines some people-related considerations that need to be taken into account when planning a project. [13:48] Simon explains the issues that can arise from donations that fall into the category of ‘restricted giving’ (ie gifts that have been targeted at a specific outcome or purpose). [16:34] Clear communication is the best way for a charity to avoid unwelcome outcomes in this context while for donors, the answer is to state that their gifts can be used for general purposes / in any way that the charity feels is appropriate. [21:03] Simon concludes by referring listeners to Season 5 of this podcast for further content on the topic of ‘Giving’ and also encourages those working in charities to be encouraged and to keep making a difference. [22:38] The next episode in this season will focus on approaches that charities and churches can take to dealing with staffing and other business factors. [23:46] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
How, When and with Whom should Charities and Churches Talk about Money? 24:50

21 days ago24:50

24:50

In Episode 5 of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss how, when and with whom charities and churches should talk about money. Some key points of interest covered in this episode include the following: Simon starts off by suggesting that when it comes to talking about money, churches and charities should be proactive by initiating conversations, and also by determining their content and direction. [01:41] He adds that money cannot be a ‘secret topic’ for a church or charity for legal reasons and also because transparency and accountability are required in order to demonstrate that donations etc have been managed well and appropriately. [03:13] In response to a question from Bex, Simon identifies some key elements of communicating well about money: use a variety of methods to communicate because people assimilate facts in different ways; and create a picture (eg by telling stories) of how the money received has been transformed into positive outcomes for individuals and communities. [05:10] On a year-by-year basis, a ‘compare and contrast’ approach can also work well, especially if this includes some visual elements, such as charts and infographics. [07:10] On the topic of when and how often should churches and charities talk about money to their supporters / congregations, Simon suggests that the following approach is sensible and balanced: create (and explain) a ‘rhythm’ of regular (but not excessive) financial updates; stick to that cycle; be consistent in the way that information is presented on each occasion. [08:37] Simon notes that it is important to understand the reason behind any communication about money as that will affect the way in which it is conveyed and the outcome that is achieved. [11:14] Focusing on why a particular communication is taking place can also help us to ‘stand aside’, review and adapt it in a manner that helps to ensure that the listener receives the desired message in exactly the way that it was intended. [12:44] Simon goes on to suggest three key reasons for a charity or church to communicate regularly with its donors: to provide feedback on the benefits that are being achieved through their donations; to keep them informed so that they can be engaged and proactive in their giving; to inspire them to spread the word about the good outcomes being achieved through the donations received so far. [14:15] Simon agrees with Bex that a great deal can be achieved when people give their influence by endorsing or praising a cause. [17:01] He also notes that a well-crafted financial report of the type sent out by some charities once a year can be an effective way of getting a positive money message out to potential supporters. [17:55] Bex and Simon then discuss the benefits that can arise when a church or charity shares with its staff and volunteers regular, helpful and transparent updates on money matters and the outcomes being achieved. [18:26] Bex and Simon talk about how an Appreciation Dinner initiated by Simon has been a means of inviting others to hear about what can be achieved through giving and to get involved themselves. [20:52] In addition, partnerships forged through compassion and respect have the potential to achieve more than solo endeavours and can even lead to charities coming together formally in a helpful manner, in certain contexts. [22:11] Simon’s final exhortation is not to shy away from talking about money; even in difficult circumstances, it is important to keep communication channels open, and there can still be good stories to tell. [23:39] The next episode in this season will consider how charities and churches can make finances work for specific projects. [24:07] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
Budgeting and Cash Flow for Charities and Churches 28:25

28 days ago28:25

28:25

In Episode 4 of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss how charities and churches can best manage their budgets and cash flow. Some key points of interest covered in this episode include the following: Simon starts off by explaining that managing budgets and cash flow well are vital factors to prioritise for anyone aiming to run a viable charity. [01:10] In response to a question from Bex, Simon notes that a charity must have its own dedicated bank account; in addition, each charity must also be managed and overseen by a board of trustees. [02:16] Simon goes on to explain that effective cash flow is a vital element of any charity: to fulfil its purpose, the charity will need to have money going out of its account as well as having money coming in. A sensible approach is to identify a manageable number of charitable objectives and to focus consistently on meeting those aims. [04:29] Bex asks Simon how a charity should aim to balance its financial commitments and charitable obligations with unpredictable income, as experienced by many charities. He comments that a sensible, business-inspired attitude can serve charities well in this context, especially in terms of adopting a flexible approach that includes prudent contingency plans for unexpected necessary expenditure. [06:54] Bex notes that the task of balancing expenditure to income can create an additional layer of complexity for faith-based charities because of their belief in the possibility of divine provision. Simon reflects on his own experiences as a trustee of endeavouring to achieve an appropriate balance between trusting in God for successful outcomes and managing a charity’s finances in a responsible and legally compliant manner. He suggests, also, that it should always be borne in mind that the money held by a charity exists not as a goal in its own right but in order to serve a defined purpose. [09:19] When it comes to the personnel dealing with a charity’s finances, Simon highlights the importance of ensuring – even in ‘a one person charity’ - that individuals in such roles are well equipped and supported to deal with all relevant tasks and responsibilities. [11:45] Effective communication and oversight are also very important to good financial management, especially in situations where there are several budget and sub-budget holders. [13:09] Major providers of support and training for those involved in managing a charity’s finances include organisational and local networks, as well as the charity, Stewardship . [14:12] Simon provides more detail about how a charity can prepare itself for unexpected financial challenges by planning wisely, anticipating specific scenarios and prioritising effective and targeted communication about best practice and contingency plans. [16:23] Another benefit of having good systems and communication in place is that they can enable charities to make sensible adjustments to budgets and financial priorities on an ongoing basis rather than having to wait for an annual review to make such changes. [20:02] Simon also draws attention to the need to make objective, evidence-based decisions on current performance and priorities rather than falling for the ‘sunk cost fallacy’ by continuing with tasks and projects simply because so much time and effort has been invested in them already. [22:47] Simon encourages churches and faith-based charities not just to rely on money to solve problems but to continually bring situations to God and to seek wisdom regarding how best to focus on creating benefits for people and communities. [25:15] Simon concludes by commenting that finances are ‘the beating heart’ of most charities, meaning that charities and churches need to make sure that they have at least one person with the appropriate financial skills in their set-up. [26:47] The next episode in this season will consider what kinds of conversations about money should take place within charities and churches: how, when and with whom? [27:44] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
Where does Money for Charities and Churches Come From? 25:43

5 weeks ago25:43

25:43

In the third episode of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss possible revenue sources for charities and churches, and how best to interact with them. Some key points of interest covered in this episode include the following: Bex and Simon start off the discussion by identifying possible sources of revenue for charities and churches, including individual donors, companies, grant-making bodies, other charities and government organisations. [01:34] In response to a question from Bex, Simon talks about possible responsibilities and obligations that may arise when making applications for financial support from sources other than individual donors. [03:54] When thinking about how best to attract individual donors, Simon suggests that the primary focus should be on building a community of engaged supporters, with the first task being to identify like-minded people who are most likely to be committed to the vision and purpose of your church or charity. [05:15] When asked about what it takes for people to give to a cause, Simon suggests that making a personal connection is vital. People tend to respond positively when it is clear that a charity or church is relevant to them and is making a difference to a situation or issue that is important to them. [08:09] A related point that should not be underestimated is the ability to leverage additional support that can be accomplished by supporters who share enthusiastically with others their passion for a charity or church. [08:56] When asked what would encourage her to give to a cause, Bex comments that she responds positively to personal connection and relevance, and also to evidence that a genuine difference is being made. [10:26] Factors that tend to inhibit her from giving include a ‘cold approach’ on the doorstep that insists on an immediate response or an appeal for money that disregards other aspects of an individual’s involvement with a charity. [11:48] Simon goes on to speak about the importance of integrity and transparency when making such approaches. [12:36] Simon talks about how individuals can give to charities, including the following points: cash donations; regular giving through bank transfers / standing orders; lump sums; and fundraising activities. [14:48] Two tax-efficient ways to give to charity are to leave a legacy in your will [17:09] and to take advantage of gift aid. [19:34] Simon goes on to explain how matching donation schemes work [20:51], and he also highlights the advantages of planned spontaneous giving in that context. [21:55] If a charity is faced with the unwelcome prospect of running out of money, the following two approaches can be helpful: try to maximise current income sources; ensure that you abide by charity legislation and that you have set up a contingency plan for this kind of circumstance. [22:39] The next episode in this season will focus on budgeting and cash flow issues that can arise when managing the finances of a church or charity. [25:02] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
Key Financial Principles and First Steps for Churches and Charities 25:53

6 weeks ago25:53

25:53

In the second episode of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss key financial principles and first steps for charities and churches that are at an early stage of their development. Some key points of interest covered in this episode include the following: First of all, Simon explains that there are various legal and regulatory requirements that need to be fulfilled when setting up a charity. These include compliance with HMRC guidelines, providing annual accounts and following legal advice when communicating about the charity and initiating its activities. [02:05] Secondly, Simon emphasises the need to ensure, through internal communication, that the charity meets the requirements of being a ‘going concern’. This process includes various key activities, including the following tasks: setting budgets; identifying goals, objectives and priorities; monitoring and managing cash flow; responding in a timely and effective manner to changes in circumstances. [04:09] Simon notes that mistakes and difficulties can arise within charities and churches simply because those involved are so often volunteers or enthusiasts who do not have the business skills and experience that would be helpful when dealing with some of the challenges that can arise. It can be important, therefore, to ensure that people are allocated to appropriate roles, good internal communication is facilitated (eg regarding budgets), and external help is sought when required. [11:06] Thirdly, communication with external parties - such as supporters, volunteers and donors - should always be a top priority for charities, not least because they are so reliant on the support of the individuals in these groups if they, and their activities, are going to flourish. Examples that Simon provides to illustrate this point include a presentation made to a bank when requesting a mortgage and explaining to a congregation what a difference it can make to church finances if giving is done through standing order rather than on an ad hoc basis. [13:54] Bex notes the impact that it can make when a charity identifies and celebrates life-changing outcomes that have been made possible by supporters’ donations. [16:41] This prompts Simon to mention the concept of ‘anchoring bias’ and that it can be important for a charity or church to gauge the ‘culture’, circumstances and expectations of its audience when putting out communications. [17:52] In response to a question from Bex, Simon shares some thoughts on how a charity or church might need to adopt different approaches and styles when endeavouring to make requests for donations in a way that will take account of the whole spectrum of financial ability to give within an audience. [19:59] Simon rounds off his comments by encouraging those involved in church or charity finances to seek out the help and resources that are out there and to concentrate on building up a vibrant community of loyal and committed supporters. [23:11] The next episode in this season will consider the various ways in which churches and charities can acquire the money that they require to fund their activities. [25:10] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
Why Churches and Charities Need to Talk about Money 26:42

7 weeks ago26:42

26:42

In the first episode of this season on ‘Making Things Happen: Churches, Charities and Money’, Simon and Bex discuss why money is a key issue for churches and charities and why they need to be able to talk about money openly and confidently. Some key points of interest covered in this episode include the following: Simon and Bex introduce themselves [00:48] and explain that the focus in this season will be less on personal money matters and more on dealing with faith and finance issues from a church or charity perspective. [02:39] Simon starts off the discussion by asking Bex why it is necessary to talk about money topics relating to churches and charities in a different way from how we talk about financial matters that affect individuals or businesses. [04:37] In response to a question from Simon, Bex describes her expectations of a charity or church and, in particular, comments that she would anticipate that they will use her money ‘to do something good in the world’. [06:39] When asked by Simon why churches or charities should ensure that they talk about money, Bex speaks about the importance of using good communication to build trust and goodwill in pursuit of a shared interest. As Simon puts it, we give money to churches and charities to do a job for us that we can’t do ourselves, and it is therefore important for us to receive feedback on the progress that is being made to achieve our shared goals. [07:48] A key recommendation from Simon to churches and charities is to communicate with their supporters how the money that has been received has led directly to hoped-for, good outcomes being accomplished. [09:19] Bex comments that talking regularly and openly about money can help churches and charities to demonstrate that their ‘whole image’ does ‘add up’ and that they are consistently acting with complete integrity, as desired and required by their supporters. [10:07] Because of the tremendous contribution that charities make to society, they are given ‘registered’ status and certain tax advantages by the Government, but these also come with various legal responsibilities and a requirement to be accountable and to report fully and accurately (to HMRC and also to The Charity Commission or Scottish Charity Regulator ) on their activities. [10:59] Bex and Simon discuss the roles and responsibilities of the trustees of a charity [14:25], including the very important contribution that they, along with the staff of a charity or church, make by communicating with professional / legal bodies, with those working or volunteering for the charity, and also with supporters of the charity. [15:58] In a discussion of key principles for communicating to supporters on behalf of a charity, emphasis is placed on the importance of explaining clearly and in detail how donations have been turned into positive outcomes, such as volunteer activities. [21:28] Being open and proactive is also recommended: for example, by proffering answers to key questions rather than waiting for those questions to be asked. [22:41] It is also noted that telling a variety of relevant and uplifting stories is a great way of illustrating how a charity has been able to make a real difference to people’s lives and experiences. [23:32] Simon invites questions and feedback from listeners. [25:32] Episode 2 of this season will consider ‘Key Principles and First Steps’ for charities and churches that are at an early stage in their development. [26:14] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
S8 Ep 10: Top 10 Faith and Finance Priorities for Christians in Business with Jim Grimmer 30:26

16 weeks ago30:26

30:26

In the final episode of this Faith and Finance Top 10s season, Jim Grimmer, founder of P3 Business Care shares his top ten faith and finance priorities for Christians in business. Some key points of interest covered in this episode include the following: Jim introduces himself and talks about P3 Business Care (a community interest company and social enterprise) [01:17], before going on to explain how he became a Christian. [03:25] Jim’s first top tip is to have integrity in all transactions, ‘doing the right thing even when no one’s watching’. Proverbs 10.9 adds weight to this point: ‘Whoever walks in integrity walks securely, but whoever takes crooked paths will be found out.’ [05:20] Top tip number two is to approach every aspect of business through the lens of being ‘a good steward’ of the finance and resources with which God has entrusted us. [07:04] Thirdly, Jim highlights the importance of seeking wisdom from God (James 1.5), ethical decision-making and standing firm on our convictions. [08:46] Next, Jim talks about generosity and giving as ‘a heart issue’, as illustrated by 2 Corinthians 9.7: ‘Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.’ He goes on to suggest a number of ways in which businesses can be generous in both financial and practical ways. Bex draws attention to the additional content on ‘Giving’ that was covered in Season 5 of this podcast. [10:28] Jim emphasises the importance of valuing employees, treating them fairly and upholding dignity in the workplace. [11:44] Jim suggests that financial literacy and education should be prioritised in order to equip employees to carry out business tasks and to help them deal with challenges and issues that could otherwise have a detrimental effect upon their wellbeing. [14:31] From personal experience, Jim describes some of the benefits – including accountability, collaboration and mutual encouragement - of developing faith-based, business-related communities and networks. [16:51] Another key point from Jim, and one that epitomises how P3 Business Care operates, is faith integration: weaving our beliefs into business practices. As well as enabling Christians to be fully themselves in the workplace, this approach can create nurturing and inspiring environments. When, for example, leaders model faith-driven decision-making, prioritising people over profits, this can set the agenda in a stimulating and very positive manner. [18:46] Jim’s penultimate tip is to avoid debt, not least because a business taking on debt can become obligated to those from whom they borrow, as suggested by Proverbs 22.7: ‘The rich rule over the poor, and the borrower is slave to the lender.’ Jim and Bex go on to mention Christians Against Poverty , which is a debt charity that can provide great support for anyone grappling with debt issues. [21:58] Jim’s final top tip, and the hundredth of this season, is to seek God’s guidance in decision-making through prayer and discernment. He explains some of the practical ways in which P3 Business Care seeks to put into practice the verses from Proverbs 3 that led to ‘P3’ being used in its name: ‘Trust in the Lord with all your heart and lean not on your own understanding; in all your ways submit to him, and he will make your paths straight.’ [24:56] The next season of the podcast, airing in 2025, will look at financial matters associated with churches and charities; anyone involved in those areas is encouraged to send in requests for topics to be discussed. [28:43] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
S8 Ep 9: Top 10 Money Tips for Teenagers with Dave Hall, Youth Pastor 32:14

17 weeks ago32:14

32:14

In Episode 9 of this Faith and Finance Top 10s season, guest contributor, Dave Hall, shares his top ten money tips for teenagers. Some key points of interest covered in this episode include the following: Dave introduces himself [01:24], explaining how he became a Christian [01:57] and the steps that led him to become Youth Pastor of Catalyst Vineyard Church, Aberdeen. [03:26] Dave’s first top tip is to be a good steward. [06:12] Top tip number two is to live simply and to be generous with any surplus. [07:56] Thirdly, Dave highlights the importance of regarding money as a tool. Of itself, it is neither good nor bad; rather, it is ‘the love of money’ (1 Timothy 6. 10) that creates issues. [10:17] Next, Dave uses the example of King David (2 Samuel 24) to illustrate the importance of giving ‘until you feel it’ in response to God’s love and out of a desire to bless others. [12:31] Another key point for teenagers to take on board is to realise that the way that they use their money can have significant and far-reaching consequences. [15:26] Dave draws attention to the ways in which teenagers are influenced these days and suggests that they are more interested than we might think in receiving input from wise, genuine, trusted adults whom they know. [18:18] Arising from his own experience, Dave’s next tip is to learn budgeting, with the Christians Against Poverty Money Course being recommended as one good source of information and instruction on this topic. [21:57] Dave also feels that teenagers can benefit hugely from learning the value of saving and also of delaying gratification. [23:06] Dave’s penultimate tip is to be open and accountable about money matters, with ‘loud budgeting’ receiving a mention as a relatively new trend that could be helpful in this regard. [25:26] Dave’s final top tip is to have conversations about money little and often rather than relying on lengthy, one-off discussions. [27:28] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
S8 Ep 8: Top 10 Tips for Christians in the Workplace 27:41

18 weeks ago27:41

27:41

In Episode 8 of this Faith and Finance Top 10s season, Simon and Bex discuss ten top tips for Christians in the Workplace. Some key points of interest covered in this episode include the following: Simon’s first top tip is to know what we think about money and to have a good grasp of key values that will determine how we deal with financial matters in the workplace. [01:48] Top tip number two is to know why we are working, beyond simply to acquire money to pay the bills. Simon recommends ‘God at Work’ by Ken Costa as a book that can be helpful and thought-provoking on this theme. [04:16] Thirdly, Simon highlights the desirability of understanding the financial world and its challenges, issues and complexities. [07:52] Next, Simon talks about the importance of bringing our work before God on a regular basis. [10:08] Another key point is to talk openly with others about our work and, in particular, to endeavour to find peers operating in a similar line of work with whom we can share insights and queries. [12:08] Top tip number six is to embed generosity and giving into our beliefs and actions around work and the workplace. [14:37] In addition, the ability to develop and apply our values across a whole range of workplace situations can really help us to respond consistently in a godly and appropriate manner to new challenges and predicaments. [17:12] There can also be great advantages in building up a network of contacts with relevant skills and knowledge who can help us to anticipate issues, as well as being available to provide support, wisdom and encouragement in a bespoke and meaningful manner when necessary. [19:42] Simon’s penultimate tip is to encourage us to be bold and courageous in the workplace, to respond to prompts from our conscience and to stand up for what we believe to be right. [21:47] Simon’s final top tip is to reread Proverbs regularly because it has so much to say about money that can bring wisdom, thought-provoking insight and a godly perspective. [24:25] In the penultimate episode in this season, a guest contributor in the form of Dave Hall, youth pastor, will be giving his top ten tips for young people wanting to manage their money well. [25:52] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

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S8 Ep 7: Top 10 Tips for Preparing for Retirement 25:30

19 weeks ago25:30

25:30

In Episode 7 of this Faith and Finance Top 10s season, Simon and Bex discuss ten top tips in connection with preparing for retirement. Some key points of interest covered in this episode include the following: Simon’s first top tip when planning for retirement is to start early. [01:14] Top tip number two is to try to keep abreast of the current, basic rules affecting pensions. Various websites such as Gov.UK , Money Saving Expert and those belonging to debt charities, such as Christians Against Poverty , can be very helpful in this regard. [03:17] Thirdly, Simon stresses the importance of maximising one’s State Pension eg by buying additional years, if need be. The Money Saving Expert website has some particularly helpful articles on this topic. [06:10] A tip for those who are one or two years off retirement is to maximise their pension contributions during that period. [08:57] Because of the number of different pension schemes available these days, the next tip is to ensure that you understand fully the nature of your pension arrangements and, in particular, the best way of taking money out of your pension(s). [10:09] Simon explains why it is important to create a retirement budget and to take account of how the cost of living might change over time. [11:49] The next priority identified by Simon is to collate information about your possible sources of income during retirement so that your plans can be as realistic as possible. [15:32] Simon suggests that, depending on circumstances, a useful tip for some people could be to consider consulting a financial planner. [17:10] Simon’s penultimate tip is to start applying for pensions early; don’t wait until just before you retire as it’s not an instant process. [20:15] Simon’s final top tip is to consider phased retirement, if that is an option for you. [21:51] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

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S8 Ep 6: Top 10 Tips for Dealing with Debt 24:53

20 weeks ago24:53

24:53

In Episode 6 of this Faith and Finance Top 10s season, Simon and Bex discuss ten top tips for dealing with debt. Some key points of interest covered in this episode include the following: Simon’s first top tip for dealing with debt if it has become an issue for us is to admit that we are ‘in debt’. [01:21] Top tip number two is to quantify and define our debt, including acknowledging the situation if the debt is best described as being ‘unmanageable’. [04:37] Thirdly, Simon stresses the importance of asking for help and support, especially if the debt is ‘unmanageable’, in which case professional assistance is available from the likes of Christians Against Poverty . [06:37] Next, Simon highlights the need to make a list of all our debts and their details because an effective action plan cannot be drawn up without that information. [08:50] When implementing an action plan, we should aim to create a balance between achieving our repayment goals as quickly as possible and building in budgetary resilience that will keep us on track even when unexpected expenditure occurs. [10:03] Simon outlines a couple of ‘snowballing’ options that can be used as the core element of a plan to pay down the debts we owe. [12:24] Tackling debt issues can be challenging and emotionally draining, so Simon encourages us to celebrate our debt-related ‘victories’ – which can come in a variety of different forms - in an appropriate and meaningful manner. [15:32] Simon explains how we can consolidate and rationalise our debts without having to pay a third party to do this for us. [18:08] Simon’s penultimate tip is to avoid short-term thinking; taking the long view is a real key to success when it comes to debt management. [20:13] Simon’s final top tip is to allow our attitude to money to be shaped by the biblical principle of avoiding the love of money and, instead, use money as a way of expressing love to others. [22:05] The next episode in this season will comprise ten top tips about preparing for retirement. [24:32] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
S8 Ep 5: Top 10 Tips for Investing 23:22

21 weeks ago23:22

23:22

In Episode 5 of this Faith and Finance Top 10s season, Simon and Bex discuss their Top 10 Tips for Investing. Some key points of interest covered in this episode include the following: Simon’s first top tip on this subject is to consider the investing options for our financial circumstances only once we have put in place the foundational budgetary practices that best suit our needs. [01:36] Top tip number two is to be clear about our objectives (‘give every pound a purpose’) and to understand the timescale for each objective. [03:52] Thirdly, Simon explains the importance of understanding the nature of risk and of being able to evaluate the level of risk associated with the options available to us at any one time. [05:46] Next, Simon suggests that minimising investment-related costs is a sensible approach to take and, if done thoughtfully, can be achieved without compromising the benefits that we are aiming to receive from investing. [07:26] On a related note, Simon highlights the advantages of maximising the various tax efficiency options that are legitimately available to us. [09:50] When it comes to the practicalities of how and when to invest, Simon suggests that keeping things simple by automating our investing (and creating a ‘pound cost averaging’ approach through that process) can be helpful and cost-effective. [12:25] Simon would also encourage us to review our investments from time to time (eg annually) but would urge us not to check on them frequently because they are long-term processes that can involve significant, but irrelevant, fluctuations in the short-term. [13:36] In addition, Simon would advise against trying to ‘time the market’. [15:26] Simon’s penultimate tip is to take an evidence-based approach so that we avoid being drawn into ‘speculating’ rather than ‘investing’. [18:27] Simon’s final top tip is to recognise the significance of investment decisions by researching the options thoroughly and by taking appropriate advice (which can generally be available without incurring cost). [20:29] The next episode in this season will focus on top tips for dealing with debt. [23:02] Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast. This show has been brought to you by Free Range Podcasting . You can sign up to receive news and updates about this podcast by filling out the brief form to which you will be taken when clicking on this link .…

'Where Your Treasure Is...': The Podcast where Faith and Finance Meet

1
S8 Ep 4: Top 10 Tips on Giving and Being Generous 22:58

22 weeks ago22:58