Financial Well-Being Program
is committed to financial well-being and forming ministers who engage finances responsibly. For that reason, the goal of our program is to create a culture that shapes the habits and skills of pastoral leaders, promoting financial well-being for themselves and the communities they serve.
This process begins as you consider theological education and continues with on-campus opportunities and online tools, financial peer mentoring, and career services and vocational discernment. The program is centered around four core elements:
Enabling students to focus on building financial competency through annual assessment meetings with the Office of Financial Aid, workshops and seminars, peer mentors, and technological resources.
Enhancing our curriculum with new courses that will empower students with the knowledge and skills to promote congregational financial health and enable our students to engage the theological, ethical, and spiritual aspects of money.
Partnering with summer internship placements for paid ministerial employment for students, ministry internships provide students with vital opportunities to integrate what they are learning in courses with what they encounter in actual ministry settings. Nearly all students need to work during the summer to finance living expenses. This program element affords a paid work opportunity with valuable ministry experiences.
Addressing the most critical issues facing future ministers requires research on student debt. We will explore several questions using a combination of research tools and strategies in order to sustain our efforts and effectiveness with financial well-being.
- Financial Literacy Resources
Your real-life guide to taking charge of your money. Our online personal finance tools help you build real-life-ready financial skills and includes Online budgeting tools, financial goal setting, and more.
Deciding How Much to Borrow
Provides helpful tips to help you determine how much to borrow.
Dedicated to teaching the basics of financial education. This is a helpful resource, especially if you need advice or assistance to buy a home, balance your checkbook or invest in your 401k.
Building and Repairing Credit History
Another helpful link from Debt.org. Here you may find information on basic credit reporting as well as some helpful tips on improving your score.
The Simple Dollar’s Debt Payoff Calculator
Helps you understand your debt, what happens when you pay a little extra, and compare your current payoff approach against an accelerated payoff plan.
- Peer Mentors
Anna Fleig is a third-year student originally from Seattle, Washington, but has lived under the beautiful Carolina skies for the last fifteen years. She completed her undergraduate work in 2014 with a degree in Religious Studies and Philosophy. Prior to re-entering the academic world, she worked in Accounting and Finance for 17 years, most recently with a regional real estate company. She hopes to help others understand and navigate their personal finances in a way that empowers them to create and sustain a balanced approach toward financial health.
Nathan Jones is a second-year divinity student from Winston-Salem, NC. He is a graduate of Shaw University with a Bachelor’s degree in Religion and Philosophy. He has a financial background having worked for Wells Fargo Bank during his time at Shaw University. Nathan currently attends Galilee Missionary Baptist Church where he assists the Pastor in teaching and preaching, along with serving the college ministry. Nathan hopes to help other ministers like himself realize that talking about money doesn’t have to be such a taboo. Using the money the right way can open doors for you as well as the congregation you serve.
Lana McCallum is a first-year divinity student originally from Yorktown, VA. She graduated from North Carolina Agricultural and Technical State University with a B.S. in Early Childhood Education and Hampton University with a Masters in Counseling. Lana served 28 years of combined active duty in the United States Air Force and the Tennessee Air National Guard. She also worked in the North Carolina and Florida public school systems as a guidance counselor. Lana currently attends Temple Memorial Baptist Church where she serves on several ministries. Lana is the Executive Director and founder of Nana’s Upper Room House, a faith-based nonprofit agency serving first time unwedded mothers and their new born child. Nana’s House provides an array of services to include financial literacy and stewardship. Her desire is to help students make wise financial decisions that will impact for the rest of their lives.
- Financial Planning Apps
Mint.com allows you to automatically track all your checking accounts, saving accounts, and credit cards in a central location, neatly categorizing and displaying the transactions along the way with informative graphs. Free
An app that analyzes your income and expenses prior to providing a slew of financial advice and revealing infographics detailing your expenditures. You can also set frequent payments, enable intelligent notifications, snap photos of important bills and notes, and export your data and editable categories to Excel, CSV, and Google Drive. $1.99
Automatic reminders and robust calendar options ensure you stay on top of your latest utility bills, while digital filing cabinets house your bank statements, notices, offers, and other desirable records. Free
Instead of breaking down your budget and spending habits into a million micro-categories, like entertainment and food, Level takes your banking and credit card info, analyzes it, and establishes three simple budgets for the current day, week, and month with a design that’s easy to digest. Free
With SavedPlus, you can automatically siphon a percentage of every purchase you make into your savings account, IRA, investment account or a prepaid card. Free
A calendar-like app, Dollarbird makes sense for anyone who wants to keep a closer eye on their cash flow for better financial planning purposes. Free
- Success Stories from the News