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Posted by: Charles P Myrick CPA Posted on: Oct 26 2023

Managing Church Finances in Changing Times

Managing a church’s finances can often feel like a delicate balancing act. Congregational demographics are changing for churches across the country, and many people simply can’t afford to contribute as much to the collection plate as they may have in times past. Implementing effective long-term strategies can help you navigate financial challenges while managing church finances in these changing times.

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Create a Long-Term Financial Plan for Church Repairs and Maintenance

 

As a church leader, you know your church is more than just a building - to you and to your congregation. It is a place of worship, community, and hope. Unfortunately, like any other building, (especially if it is an old one), it requires regular maintenance to keep it in good condition. It’s important to think ahead, before the day comes when an emergency repair is necessary...and it’s always a good idea to create a long-term financial plan for church repairs and maintenance.

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Consider Planned Giving as Another Way to Raise Money for Your Church

As a church leader, you know that donations are essential to the success of your ministry. But what can you do to encourage your congregation to give more? And how can you ensure that your donations are used wisely?

We’ll share some ideas for increasing donations to your church, and how the money raised affects your annual financial planning. One way of guaranteeing a set amount of annual income is planned giving, which can help make your church sustainable for many years in the future. Read on to learn more, and consider planned giving as another way to raise money for your church.

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