CFTROU 0172: Preparing Your Church for a Recession

With peaked inflation, mortgage rates, insurance costs, and other economic strains, churches have to make challenging financial decisions. In this episode, our guest hosts from the Family Church Network include Pastor Scott Crawford, Business Administrator, and John Fix, Director of Finance. Pastor Scott and John discuss how critically important it is to manage the church’s finances. They share tips and ideas on how to weather financial storms and economic uncertainty. They recap the COVID-19 repercussions, the impact on households, and observing trends from the giving perspective. They talk about how being flexible, adaptable, and agile can also help steer churches to holistically look at finances and subsequently and set up our family of neighborhood churches up for success.

Key Points From This Episode:

The impact of inflation, mortgage rates, and insurance costs starts to make a difference to people, who are then forced to make difficult financial decisions.
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Rigid systems, processes, or business plans snap under pressure. We need to maintain flexibility, so that we can succeed and flourish through tough times.
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Links Mentioned in Today’s Episode:

Scott on Twitter

Scott on LinkedIn

John on Twitter

John on LinkedIn

Jimmy on Twitter

Leslee on Twitter

Family Church Network

Family Church on Facebook

Family Church on Instagram

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