RCCG JUNIOR ZEAL TEACHER'S MANUAL FOR 13TH APRIL, 2025 AGE 16-19 LESSON (33) : TOPIC - FINANCE GENERALLY

RCCG JUNIOR ZEAL TEACHER'S MANUAL FOR 13TH  APRIL, 2025 AGE 16-19 LESSON (33) : TOPIC - FINANCE GENERALLY

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RCCG JUNIOR ZEAL FOR 2024/2025*

AGE 16-19 TEACHER'S MANUAL

SUNDAY 13TH OF APRIL, 2025

LESSON THIRTY-THREE (33)

TOPIC: FINANCE GENERALLY

MEMORY VERSE: Proverbs 21:5- "The thoughts of the diligent tend only to plenteousness; But of every one that is hasty only to want".

BIBLE TEXT: Luke 14:28-30.

[28]For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it?

[29]Lest haply, after he hath laid the foundation, and is not able to finish it, all that behold it begin to mock him,

[30]Saying, This man began to build, and was not able to finish.

LESSON AIM & OBJECTIVES: To empower teens to become financially independent and responsible adults. Through the lesson, students should be able to:

1. Understand concepts such as budgeting, saving and planning.

2. Set and achieve meaningful financial goals.

INTRODUCTION: Understanding finances is a vital skill that empowers you to take control of your future and make informed decisions about your money. As a teenager, learning about finances will equip you with the knowledge and tools you need to manage your income, set and achieve financial goals, and navigate the complexities of the financial world. Whether you're saving for college, planning for your future career, or dreaming of your first big purchase, developing good financial habits now will set you on the path to financial success and independence in adulthood. From budgeting and saving to investing and avoiding debt, mastering the basics of finances will lay a solid foundation for your financial well-being and enable you to make smart choices with your money for years to come. Proverbs 13:16.

OUTLINES

A. BUDGETING AND PLANNING

B. THE NEED TO SAVE

A. BUDGETING AND PLANNING.

i. Budgeting and planning your finances as a teenager is a crucial step towards responsible stewardship of God's resources. The Bible provides timeless wisdom on managing money wisely. Proverbs 21:5 advises that diligent planning leads to profit, while hasty decisions often result in poverty.

ii. This emphasizes the importance of creating a budget, outlining your income and expenses, and allocating resources intentionally.

iii. By budgeting, you can prioritize spending on necessities, savings, and giving, avoiding the pitfalls of debt and impulsive purchases.

iv. Additionally, Proverbs 27:23-24 underscores the value of knowing the state of your finances, likening it to caring for your flocks. Regularly tracking your expenses and income allows you to make informed financial decisions and adjust your plans accordingly. Furthermore, biblical teachings stress the significance of stewardship and accountability. In Luke 16:10-11,

v. By integrating these biblical principles into your financial planning, you can cultivate a mindset of stewardship, generosity, and foresight, laying a solid foundation for wise financial management both now and in the future.

B. THE NEED TO SAVE.

Saving is not just a good practice but a biblical principle that leads to stability and blessing. Proverbs 21:20.

Setting clear and achievable savings goals is crucial for staying motivated and focused.

Saving is important for several reasons, as it provides financial security, enables goal achievement, and promotes long-term financial stability. Here are some key reasons why saving is important:

1. Emergency Fund: Saving allows you to build an emergency fund to cover unexpected expenses of financial setbacks, such as medical emergencies, car repairs, or job loss. Having an emergency fund provides a financial safety net and reduces the need to rely on high-interest debt or loans during times of crisis.

2. Financial Security: Saving helps you achieve financial security by accumulating funds to cover future expenses, such as housing, education, healthcare, and retirement. By saving consistently over time, you can build a financial cushion that provides peace of mind and reduces financial stress.

3. Goal Achievement: Saving enables you to work towards specific financial goals, such as buying a home, starting a business, traveling, or funding your children's education. Setting savings goals allows you to prioritize your

spending, make informed financial decisions, and track your progress towards achieving your objectives.

SUMMARY: Overall, saving is a fundamental aspect of personal finance that lays the groundwork for financial stability, security, and success. Whether you're saving for emergencies, goals, retirement, or opportunities, making saving a priority can help you achieve your financial aspirations and build a brighter future.

CONCLUSION: In conclusion, managing your finances is a lifelong journey that requires discipline, planning, and continuous learning. By understanding the principles of budgeting, saving, investing, and avoiding debt, you can take control of your financial future and build a solid foundation for long-term success. Remember to set realistic goals, track your spending, and seek guidance from trusted sources to help you make informed decisions about your money.

QUESTIONS

1. What is the term "budgeting"?

2. How can one achieve his or her financial goals?

DAILY DEVOTIONAL

Sunday: John 10:1-15

Monday: John 10:16-30

Tuesday: John 10:31-42

Wednesday: John 11:1-15

Thursday: John 11:16-30

Friday: John 11:31-45

Saturday: John 11:46-57