Tools for New Givers

Where do I start in my financial stewardship and giving? Below are some tools that may help you in figuring out how and where to begin.

Tool 1: Start Small

Calculate 1% of your income. Here’s how:

  1. Write down your annual household income. (For example, $50,000)

  2. Cross out the first two numbers from the right. ($500 - - ) OR take your income times 0.01.

  3. This would be your yearly gift of 1% of your income. Double it if you think you can start at 2%, triple if you can start at 3%, etc.

  4. Divide by 12 if you plan to give monthly, 24 if you plan to give twice a month, or 52 if you plan to give weekly.

  5. You have your amount! Set up First Fruits giving by emailing info@peacelutheran.com or head to myPeace to set up online automated giving.

Tool 2: Be Bold!

Use the 10-10-80 rule. Plan 10% of your income for giving to church and other organizations that you support. Save 10% of your income. Live on the remaining 80%. How do you calculate 10%?

  1. Write down your annual household income. (For example, $50,000)

  2. Cross out the last number on the right, OR, take that amount times 0.10.

  3. This is 10% of your income!

  4. Set up automated savings and giving.

  5. Budget remaining 80% to take care of needs and wants.

Tool 3: Overhaul your budget

Maybe it’s hard to make a plan for giving because your financial life is overwhelming without thinking of one more thing. There’s help for that! Lutheran Social Services has a long history of helping people bring order to their financial life. Click here to connect to their services.


Tools for Current Givers

How can I grow in my stewardship? When we ask how we can grow in our stewardship, we are really asking how we can make a greater impact with the gifts and resources God has given us. We can ask that not only of what we give to church, but how we use the whole of our lives. When it comes to financial giving, here is an easy way to take a baby step toward giving, with a calculation that leads you to step up your financial stewardship by half of 1%.

  1. Write down your annual household income. (For example, $50,000)

  2. Cross out the first four numbers from the right. ($5 - - - -)

  3. Increase giving each week by the remaining amount. (Current + $5.00 per week)

  4. If you give twice a month, multiply the amount by two. (Current + $10.00 twice a month)

  5. If you give once a month, multiply the amount by four. (Current + $20.00 each month)