Sunday, February 8, 2015

Financial FAQs

From time to time I get questions about the financial aspect of being a missionary.  Here are some of the questions and answers.

Which do you need more: one time gifts or monthly giving?
Both are wonderful!  Right now my greatest need is monthly giving, but one time gifts are also very helpful.

Do you currently receive a stipend/salary?
No, I do not. I've been fortunate enough to be able to keep my living expenses quite low by living with my parents, and use money I had saves previously.  I am currently working full-time at a temporary job which will give a boost to those savings.  When I return again for HMA I will receive a stipend.

Do you get money to help with ministry expenses?
Yes.  I can be reimbursed for expenses that are specifically ministry related.  For instance I can be reimbursed for travel expenses when I got to speak at a church.  When I do a prayer letter I get reimbursed for the cost of printing and postage.  I look for ways to keep these expenses down (sending prayer letters through email, staying with people when travel, etc).

What happens to monthly gifts given right now?
Monthly gifts given now add up just like one time gifts do.  This money helps with ministry expenses, one time needs (plane ticket, visa, language school), and can be divided up and added to monthly giving to meet my monthly needs when I get to Honduras. 

How are you doing on your one time cash needs? 
Really well!  Thanks to your generosity I have enough to cover my one time needs. However, one time gifts are still needed as they help cover current ministry expenses, fund future ministry expenses, and can be divided up and added to monthly giving.

What kinds of things does your monthly needs go toward once you get to Honduras?
Well, there are the really obvious needs (food, housing, phone, internet, etc).  Other basic expenses include things like insurance and paying into Social Security.  Of course it also helps with ministry needs.  It goes a variety of places, but every cent goes toward making ministry possible!

Do you have a copy of your budget?
Yes, I do.  If you would like to see it, let me know, and I can send it to you as well as answer any questions about it that you may have.  Also, I'd be happy to expand upon any of these answers or answer any additional questions that you have.  

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