PERSONAL AND FAMILY FINANCIAL PLANNING

About Course
This course empowers students to manage their finances effectively, integrating biblical principles with practical strategies. By exploring five key areas, students will gain the knowledge, skills, and biblical perspective necessary to create a personalized financial plan that honors God and achieves long-term financial stability. The course begins by laying the foundation, discovering biblical principles of financial management, such as stewardship, generosity, and contentment. Students will then learn how to prioritize needs over wants, create a budget, and save for emergencies, all from a biblical perspective. Additionally, the course covers managing debt and credit, understanding how to avoid debt, use credit wisely, and manage finances according to biblical principles.
The course also delves into investing and retirement planning, exploring biblical principles for investing, diversifying investments, and planning for retirement and legacy. Finally, students will learn how to create a plan for estate planning, inheritance, and leaving a lasting legacy, all guided by biblical principles. By the end of this course, students will be equipped to create a comprehensive financial plan that aligns with their values, achieves financial stability, and honors God.
The course objectives are:
- To understand biblical principles of financial management
- To develop practical skills in budgeting, saving, and investing
- To create a comprehensive personal and family financial plan
- To integrate biblical principles and financial planning strategies.
Course Content
Module 1: Introduction to Personal and Family Financial Planning
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Topic: Biblical Foundations of Financial Planning
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Biblical Readings: Matthew 6:19-24, Luke 12:13-21
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Learning Outcomes: – Understand the biblical principles of financial planning – Recognize the importance of integrating faith and finance in personal and family decision-making
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Book Reading: Ramsey, D. (2020). The Total Money Makeover: Classic Edition. Thomas Nelson Publishers. (Chapter 1: “The Total Money Makeover”)
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Assignment: Write a reflective essay on the biblical principles of financial planning. Create a personal financial mission statement