Finances: A Military Spouse’s Biblical Guide to...
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Transcript of Finances: A Military Spouse’s Biblical Guide to...
Finances: A Military Spouse’s Biblical Guide to Personal Finance © 2015 by Kathy Barnett and Carrie Daws All rights reserved. Produced in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher.
eISBN:9978-1-62020-442-9
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Introduction
In 2014 Kathy Barnett and I coauthored The Warrior's Bride: Biblical Strategies to Help the
Military Spouse Thrive. The book went to press, and word began to spread about this wonderful
new resource written by two military wives.
While we are very happy with the book, we realized shortly after its release that we forgot to
mention a couple of topics near to the hearts of many military families. After a lot of prayer and
some discussion, we decided that instead of taking another year to write a second book, we
would simply write additional chapters and release them individually. This not only allows us to
get the chapters to you more quickly, but it also gives you the option to pick and choose only
those chapters that affect you directly.
This is the fourth of six eBook shorts, released every three months during 2015 and the first
half of 2016. In the first eBook, we tackled potential problems with extended family, and in the
second, we helped prepare families for reintegration. The third book covered a PCS from
beginning to end, and soon we’ll be going into more depth on dealing with other military spouses
and retirement.
We pray that as you read, God speaks to your heart and gives you great wisdom for your
situation.
When you are done reading, we'd love to know what you think! You can leave a review for
the book, email us, or send us a note through social media. It would be a great encouragement to
us to hear from you. Thank you!
As iron sharpens iron, so one person sharpens another.
Proverbs 27:17
CHAPTER 1
The State of Military Finances
NowHewhosuppliesseedtothesowerandbreadforfoodwillalsosupplyandincreaseyour
storeofseedandwillenlargetheharvestofyourrighteousness.Youwillbeenrichedinevery
waysothatyoucanbegenerousoneveryoccasion,andthroughusyourgenerositywillresult
inthanksgivingtoGod.
—2Corinthians9:10–11
FROMKATHY
Throughoutmymarriage,whenIthoughtoffinances,Igroanedinwardlybecause
myhusbandandIstruggledtofindunityinthisarena.Wemanagedbytheendofourfirst
decadeofmarriagetocometogetherinmostofthecriticalareasofimportance,includinga
sharedfaithinChrist,avalueoftruthwithinourmarriage,andasharedvisioninparenting.
Althoughwehavenotalwaysagreedoneveryminutepointwithinthose,wehavecommon
goalsandlargelyagreeonthepracticalapplicationofthosegoals.
Wealsohavebothregardedoneanother’spersonalitydifferences.WehaveseenGod
usetheseverydifferencestohelpusgrowandsucceedwithinthepurposesHehascalled
usto.Butuntilthelastcoupleofyears,wedidnotagreeinourfinances,andwestruggled
tovalueoneanotherandshareacommonvisionforourhomeandfamily.Thissentusinto
painfulsituationsattimes,andwehadtolearnmanylessons.
Itismyprayerthatyouandyourhusbandwillbeabletolearnfromthethingswe
walkedthrough.Youcanavoidthemistakeswemade,makingwiserchoicesandfinding
greaterpeaceandprosperity.
FROMCARRIE
Irememberastorymymomtoldaboutafamilythatlivednearthemearlyinmy
dad’smilitarycareer.Asperusual,atthebeginningofeachmonth,themilitarypaidtheir
men.Thewivestookthegrocerymoneytothecommissary,andeachmonth,amongher
otheritems,thisneighborwouldbuyahugesackofpotatoes—waymorethananynormal
familywouldeatinamonth.
Momgotcurious,sosheaskedaboutthepotatoes.Thereplywassimple:there
wasn’tenoughmoneytolasttotheendofthemonth,sowhentheyranoutofmoney,the
familysurvivedonpotatoes.
Iwonderatthis.Clearly,thiswomancouldplan.Afterall,sheplannedtobuy
potatoestolastthemthrough.Buttheydidn’ttaketimetomakeaplanfortheirmoney.The
moneycontrolledthem,andtheypaidbyeatingnothingbutpotatoesforseveraldaysevery
month.
Todaymilitaryfamilieshaveevolvedpastthis.Nowweusecreditcardsandpayday
loanstogetby.In2013BlueStarFamiliesconductedasurveyofmilitaryfamilies,looking
atthevariouscomponentsofourlives.Therespondentsrepresentedallbranchesofthe
military,73percentwereactiveduty,65percentwereenlisted,67percentwerelivingin
theUnitedStates,and67percenthadchildrenathome.
Ifyouwanttoreadthefullreport,seethelinkattheendofthebook,butherearea
fewstatisticsthatrelatetothefinancialhealthofAmericanmilitaryfamilies:
27%aregreatlystressedabouttheircurrentfinancialcondition;37%moreare
somewhatstressed.
86%reportusingabudget;only23%followthatbudgetclosely.
44%haveonlytwoorthreecreditcards,althoughIdidn’tseeanyinformationabout
autoorothernon-mortgagedebt.
Ofthosewithnoretirementsavings,60%saytheydon’tmakeenoughtosaveforthe
future.
65-70%liveinoff-basehousing;50%ofthoseowntheirownhomeand19%are
underwaterontheirmortgages.
PerhapsyouthinkthosenumbersareprettynormalforlifeinAmericathesedays.
Curious,Ilookedforstatisticscomparingmilitaryfamiliestotheaveragecivilianhome.
USFinancialCapability.orgfoundin2012thatwhile56percentofAmericansdonot
haveanemergencyfundtocoverthreemonths’worthofexpenses,themilitaryratewas54
percent.Andthehighertherank,themorelikelytheyweretohaveanemergencyfund:
only49percentofE1-E4hadfunds,but69percentofofficersdid.
Inthegeneralpopulation,30percentusenon-bankborrowingmethodslikepayday
advances,pawnshops,andrent-to-ownstores.However,36percentofactive-dutymilitary
dothis.Somefinancialexpertscallthefirsttwomilesoutsideaninstallation’sgate“Stupid
onSteroids.”Haveyounoticedhowmanypawnshopsandpaydayloancenterscongregate
there?
Finally,while34percentofthegeneralpopulationpayonlytheminimumrequired
oncredit-cardbalances,39percentofmilitaryfamiliesdothis.
Ifyousawyourselfinsomeofthestatisticsabove,don’tbedismayed.Youcan
improve.Yourcheckbook,savings,andTSP(ThriftSavingsPlan)balancescangoup,and
yourdebtscangodown.
Andit’snotascomplicatedasyouthink.
CHAPTER 2
Money God’s Way
Theloveofmoneyisarootofallkindsofevil.
—1Timothy6:10
FROMKATHY
AsmuchasIdon’tliketoadmitit,moneyisabigpartofourlives.Andthelevelof
financialfreedomwewalkindetermineshowourlifewillbelivedout.Ifyouhavemore
income,youareaffordedmoreoptionsinwhereyoucanlive,whatcaryoucandrive,what
clothesyouwillwear,andincomecanevenfactorinhowmanychildrenyoudecidetohave.
Moneycaneitherlimitusorcansetusfree.Right?
Wrong.Moneyisjustthat:money.Itissimplyatoolusedtobuildsomethingelse.
NowIknowmoneywilldeterminemanyofthosethingsIlisted,butwemustlookpast
moneyandwhatitisbuyingustoseethepurposeofmoney.
FROMCARRIE
Perhapsyou’veheardthattheBibletalksaboutmoneyalot.Aquickwordsearchin
theNewInternationalVersionoftheBiblefoundthis:
• wealth/wealthy—126verses
• money—113verses
• rich/riches—154verses
That’salmost400verseswithjustthesethreewords!
Whataboutotherpossibilities?Forexample,PaulsaysinPhilippians4:15,
“Moreover,asyouPhilippiansknow,intheearlydaysofyouracquaintancewiththegospel,
whenIsetoutfromMacedonia,notonechurchsharedwithmeinthematterofgivingand
receiving,exceptyouonly.”That’sclearlytalkingaboutmoneybutdoesn’thavethewordsI
listedabove.
Scriptureisfulloffinancialreferences,andthatmeansGodwantedustogetitright.
Hegivesuslotsofwisdomandafewgood(andbad)examplestolearnfrom,solet’sstart
withabasicconcept:Moneyisnotabadthing.
AlotofyouknowthattheBiblesays,“Theloveofmoneyisarootofallkindsofevil”
(1Timothy6:10).Butthatdoesn’tmeanmoneyisevil.AsKathysaid,moneyissimplya
tool—albeitapowerfulone.SpeakerZigZiglarsaid,“Moneyisn’tthemostimportantthing
inlife,butit’sreasonablyclosetooxygenonthe‘gottahaveit’scale.”Moneyisimportant.
Manyofusdreamaboutthewealthofmovieorsportsstars,butapartofusidolizes
thosewhogiveupeverythingtoserveothers,peoplelikeMotherTeresaofCalcutta.Well,
whichisit?Whodoyoureallywanttobe?
CanIputyourmindatease?WhileJesuswasborntoapoorfamilyonthisearth,
someofthebignamesoftheBiblewerewealthy.Neitherchoiceisinherentlywrong.
WhenAbrahamsenthisservantbacktohishomecountrytofindawifeforhisson
Isaac,theservanttoldAbraham’sgreatnephew,“TheLordhasblessedmymaster
abundantly,andhehasbecomewealthy.Hehasgivenhimsheepandcattle,silverandgold,
maleandfemaleservants,andcamelsanddonkeys”(Genesis24:35).Biblescholarspoint
outthatthemerementionofbothcamelsanddonkeyspointstogreatriches.Anditshould
benotedthatGenesis14mentionsAbrahamtakinghisservantswhohadbeentrainedin
warfaretobattle—318ofthem,tobeexact!
KingSolomonisanotherbiblicalexampleofgreatwealth.WhentheQueenofSheba
visitedhim,shemadethisstatement(1Kings10:6–7):
ThereportIheardinmyowncountryaboutyourachievementsandyourwisdomis
true.ButIdidnotbelievethesethingsuntilIcameandsawwithmyowneyes.Indeed,
notevenhalfwastoldme;inwisdomandwealthyouhavefarexceededthereportI
heard.
Canyouimaginethetruthofhiswealthbeingbiggerthantherumors?Thewriterof
1Kingstakesuphalfofchapter10describingtheivoryandgold-coveredpiecesaroundthe
palace.Solomonownedtwelvethousandhorses,andsilverwassocommonthatitwas
“consideredoflittlevalue”(verse21).
Jobwasalsoamanofgreatwealth.Yes,helostallofitforawhileatthebeginningof
hisbookoftheBible,buthisstoryendslikethis(Job42:12):
TheLordblessedthelatterpartofJob’slifemorethantheformerpart.Hehad
fourteenthousandsheep,sixthousandcamels,athousandyokeofoxenandathousand
donkeys.
ThreemenwholovedGod;threemenwhowereextremelyrich.Clearly,Goddoesn’t
insistthatonlythepoorareworthyofHisloveandblessing.
FURTHER READING BY CARRIE DAWS
The Warrior’s Bride: Biblical Strategies to Help the Military Spouse Thrive By: Kathy Barnett and Carrie Daws Print ISBN: 978-1-62020-287-6 eISBN: 978-1-62020-390-3 Print List Price: $15.99 Digital List Price: $9.99
The call came down from Command, and your warrior husband is out the door, leaving you behind to handle whatever he has left undone. Whether it’s the day-to-day monotony, the inevitable appliance that breaks, or the months without his presence beside you, being a military spouse brings challenges few appreciate. Yet God sees you and longs for you to boldly step into His plan. He purposely chose you for this moment—for your man. He wants to give you abundantly more than what you have right now and desires you to thrive as your warrior’s bride.
Your Extended Family: A Military Spouse’s Biblical Guide to Surviving Within and Without Your Family eISBN: 978-1-62020-439-9 Digital List Price: $0.99
Family. They can be one of our biggest blessings and one of our biggest stressors. Family members that don’t understand the military system can complicate your life, and sometimes the best-intentioned relative can undercut everything you are trying to build with your husband.
Living far away can also be hard if you have a medical emergency. Deployments and high ops tempos give loneliness and depression the opportunity can take over. Are there really any practical answers? What does the Bible say about dealing with and living apart from family.
Reintegration: A Military Spouse’s Biblical Guide to Surviving After the Homecoming By: Kathy Barnett and Carrie Daws eISBN: 978-1-62020-440-5 Digital List Price: $0.99
Deployments are inevitable in military life. Short or long, relatively safe or extremely dangerous, time away from our men is standard issue. How can the family left behind best deal with the transition before and after deployment? And what should we do if he comes home different? Those who deal with long separations due to a career know that the first weeks back can be trickier than when you first began living together as a couple, particularly if the mission was stressful or life-threatening. While the Bible doesn’t specifically mention reintegration, God still gives us great advice on preparing our hearts and minds so that our marriage can thrive even through Reintegration.
Moving: A Military Spouse’s Biblical Guide to Surviving a PCS eISBN: 978-1-62020-441-2 Digital List Price: $0.99
We’ve got orders! As many military spouses know, these simple words change your life. Whether you are moving just a couple of states over or around the world, a flurry of activity is about to consume your calendar. Where do you start? How do you begin to process all your emotions or prepare your children to say goodbye to their friends? How do you know if you need to host a yard sale or even what your weight limit is? Take a deep breath and know that help is available. This book and the free moving checklist will get you started in the right direction.
Finances: A Military Spouse’s Biblical Guide to Personal Finance eISBN: 978-1-62020-442-9 Digital List Price: $0.99
Money. It's one of the biggest stressors in marriages. Many live paycheck-to-paycheck, struggling to both cover all the bills and save for retirement. Often husband and wife disagree over petty expenses, forgetting that they are on the same team.
But money doesn't have to be a constant battle. Not only does the Bible give a lot of guidance, but God also provided examples of people getting it right. With a shift in focus and a little disciplined effort, you can gain control over your finances instead of your finances controlling you.
Other Military Spouses: A Military Spouse’s Biblical Guide to Finding Great Friends eISBN: 978-1-62020-443-6 Digital List Price: $0.99
Other military spouses can be one of the biggest stressors in a wife’s life. From gossipers to back-biters to spouse shamers, the problem is reaching epidemic proportions, and many don’t know what to do about it. What if you could find a better way? Instead of attacking the problem-women head on or avoiding all women entirely, what if you could find women worth knowing and cherishing?
No matter where you are, God placed around you women of great value, women who strive to love Him first, and women who want to love and encourage you. Instead of resigning yourself to a life of loneliness, let me show you who to avoid and what characteristics to look for in quality friends.
Retirement: A Military Spouse’s Biblical Guide to Life Beyond the Military eISBN: 978-1-62020-444-3 Digital List Price: $0.99
The years have been hard, filled with deployments, trainings, moves, forced flexibility, and uncertainty. Retirement finally looms, yet a fresh uncertainty takes hold. Gone are the days of someone telling you where to live and providing a house for you. No longer will someone tell your man where to go and what to take with him. Now all those choices are yours and his. Where do you start?
Among the plethora of options open to you, pieces of the military will likely always follow you. As your ETS (Expiration Term of Service) nears, learn from retired military spouses Kathy Barnett and Carrie Daws, who have already walked the road you face. Make the journey forward a little easier by arming yourself with what they’ve discovered in retirement.
CARRIE DAWS
Over the years, God rewrote Carrie’s dreams to include being a stay-at-home mom
and a writer. She started by simply writing weekly devotionals online, before a mentor at the Christian Writer’s Guild encouraged her to try writing fiction. However, even in her fiction books, Carrie’s stories are based on the struggles of real people and convey the hope that God never abandons His people.
After almost ten years in the US Air Force, Carrie’s husband medically retired;
they now live in Virginia with their three children. Besides writing, she stays busy homeschooling and volunteering within military ministries.
More than anything, Carrie strives to write clean fiction and encouraging non-
fiction that demonstrate practical Christianity. She says, “I didn’t want to be embarrassed for my daughter to pick up any of my books. But I also wanted to do some exploration. Imagine what your life would look like if you stood up to your greatest fear. Or someone close to you deeply believed you were made for more! I want my readers to find the courage for those things, and that’s what compels me to write.”
For more information about
CARRIE DAWS
please visit:
www.CarrieDaws.com
@CarrieDaws
facebook.com/CarrieDaws
