What should dads teach their children about money? How do you create a financial plan? And what small home improvements can increase your home's value?
These questions and more are answered in this week's 5 for Friday.
1. How to Set Savings and Financial Goals by Rebecca Lake. Clear goals are motivational tools, especially when it comes to money. Use the “SMART” goal system and create goals that are specific, measurable, attainable, relevant, and time-bound. Don’t set too many goals but start small. Make one short term and one long term savings goal and tweak your plan as needed along the way.
2. Small Projects Can Increase Home Prices Without Breaking the Bank by Rachel Layne. If you are considering selling your home soon, here are a few less-expensive updates you can tackle to up your home’s value. Build a fire pit or update the bathroom. Replace your light fixtures or get the windows and floors cleaned professionally. Rachel Layne offers these tips and more.
3. 4 Things Dads Should Teach Their Kids About Money by Paul David Tripp. Parents must impart financial wisdom to their children, including how practically to manage money. But dads must not forget to teach about money’s place within the weighty truths of the Gospel. God is the center of the universe, not money, possessions, or us. Sin has broken our treatment of money. But God transforms hearts to live for his purposes.
4. Should Charities Take Government Funds? By Sara Helms McCarty. It is prudent for charities to consider where they get their money from. There are benefits and problems organizations will encounter both with funds from the government and funds from private households. The path forward will be different for every organization. Sara Helms McCarty provides several questions for organizations to consider this question.
5. Two Threats to Any Team by Matthew Hall. Leaders are necessarily team-builders—and team cultivators. Part of that building and cultivating includes helping those who aren’t good fits to transition elsewhere, as well as establishing the same standards for everyone on the team. Double standards won’t do. These two actions will help any leader to create and sustain a healthy team culture.