The intersection of faith and finance is never easy to navigate as a local church leader.
The topic of money is inescapable for anyone who leads a church, so while many of us would rather lead people toward Jesus, we must also embrace the truth that the functions of a local church do not operate for free.
In this post, I’ve listed ten big mistakes to avoid on the subject of finance. There are many more detailed issues involving numbers and percentages, but that’s for another post. Let me give you one example.
When you step into the realm of numbers, there are so many variables. For example, the majority of churches would hold 50% of their budget as a maximum investment for total compensation for all (staff) personnel. A church plant, however, would be a little higher. And in very large churches, approximately 10,000 and larger, that number drops to approximately 35-40%. There are also considerations of variables from the cost of living in the city you’re in, to your current ministry emphasis. That’s just one item of dozens.