Podcast Episode #195
We discuss nine specific ways churches might be wasting money. As tight as finances are in many churches, these nine points of evaluation might be helpful for many churches to free up more funds for ministry.
Some highlights from today’s episode include:
- Churches often waste money by doing things the way they’ve always done them.
- We often staff our churches the way it’s always been instead of what’s best for the church.
- Staffing is one of the biggest expenses you have, and if you don’t constantly evaluate it, you will spend money you don’t have to.
- I see any staff departure as an opportunity to evaluate if that position is needed for the future.
- Facebook ads are one of the better uses of advertising dollars for churches—instead of media ads or billboards.
- The arbitrary payments made to many instrumentalists often confuses pastors and church members.
- Having policies in place for benevolence giving and accountability is a must for churches.
- Do not expect people in the pew to be good stewards of their money if the church leaders are not stewarding church funds well.
The nine ways churches most commonly waste money are:
- Not evaluating staff needs
- Ineffective paid publicity
- Arbitrarily paid instrumentalists
- Paid child care
- Unevaluated mission giving
- Benevolence with no accountability
- Underwriting trips
- Church vehicles
- Ineffective programs and ministries
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