Ethical Challenges of Seminarian Debt

“The amount of financial aid that students need and the amount of debt they acquire to earn their college and seminary degrees has dramatically changed in the past decade. ”

There are important ethical questions that seminary students, seminaries and the larger church continue to ask. Should seminarians take out student loans in order to answer a call to church leadership? What are the factors that increase that debt to an unmanageable level? Whose responsibility is either wisely accrued or excessive debt?”

Click here or the headline above to read more of this great article from The Journal of Lutheran Ethics.
(Photo © TheSupe87 – Fotolia.com)

Finance 101: Learn the basics

The world of personal finance can be confusing. What’s an annuity? How should I think about risk? What’s an IRA? Thrivent Financial for Lutherans has put together a webpage with good, basic information that can help you make some smart choices. (Photo © Chris Brignell – Fotolia.com)

Videos for Financial Literacy

Click on over to MoneyPlanSOS and check out a month’s worth of new two minute videos for Financial Literacy Month (April). You can also look at last year’s selection of videos in the archives. Blogger and financial coach Steve Stewart has put together an extremely useful and easy to navigate website that encourages financial literacy and stewardship using biblical principles.  (Photo by Inha Leex Hale used under Creative Commons License. Thanks!)

Frugal Fun

Check out Frugal Community, a blog primarily aimed at graduate students in the Twin Cities, and originating from Luther Seminary’s Center for Stewardship Leaders. Even if you aren’t a grad student or living in Minnesota, you’ll find plenty of great tips and ideas for the fun and frugal life. (Photo by luis perez used under Creative Commons License. Thanks!)

Household budget calculator and analyzer!

Ever wonder where your money goes and why you have so little of it left at the end of the month? You’re not alone. Household budgeting is hard, but this online calculator from Thrivent Financial for Lutherans makes it easier. Just plug in your figures and you’ll be able to see your money flow — and to plan better! (Photo by Thelatin10, via bigstockphoto.com.)

Take the 30-Day Financial Fitness Challenge!

Here’s a great way to begin the new year! How about a 30-day challenge to address your financial fitness? A new activity will be posted each day to help you become more financial fit in 2012. Click here to read more about the GOOD 30-day Challenge: Get Financially Fit.

‘Magic’ formula actually prevents empty pockets

Click here to read Trent Hamm’s reflection on what is really needed to exercise sound money management and prevent credit card debt. It’s called spending less than one earns, and one magic ingredient makes this recipe for success work. It may sound simple, but as Trent notes, it’s a lot harder to do.

(Photo by Daniel Moyle used under Creative Commons License. Thanks!)