Religion Flashcards
Expenses
Money spent or going away
Income
Money coming in
Budget
Expected expenses and anticipated income
Economy
Refers to the way in which the resources of a country or community are managed
Economics
The study or science of dealing with money
Debt
The expenses are greater than the income
Profit
The amount of money left over after all of the expenses have been subtracted from the income
Fiscal Responsibility
To be good and wise stewards of money
Sain John the 23rd
Saw the world with God’s eyes and wrote a book about the rights of every person which are the common needs of people
Common Good
The rights and needs of given people to live
Ingenuity
Skills that are creative and clever to benefit the needs of others
The Church teaches that our respnse to money can be summarized in two words
Gratitude and Generosity
The 5 rules of Thumb
- Needs of people come first
- Don’t waste money on foolish things
- Use of money should make you a better person
- Take care of your possessions
- Be charitable with your money
What are the 2 ways that we are all connected by
- Connected by the Lord
- Connected by our brokenness through sin
Greed
The desire for more and more at any cost