This lesson gives some much-needed insight into personal finances and the BWM missionary.
Financial Functions of the BWM Home Office
While there a many roles that BWM plays in the life of its missionaries, their sending churches and supporters, this lesson shows how BWM functions in relation to a missionary’s finances.
Donations and Gifts
What is the difference between a donation and a gift. Knowing this provide insight into why BWM handles these differently.
First Term Finances
This lesson focuses on the “first term” of a missionary — deputation! BWM handles the finances for a deputation missionary very differently than those of an on-the-field missionary. It is important to learn how you receive funds to your bank account, when, and why.
Needing funds out of your BWM account? This lesson provides the steps that a deputation missionary should take to make this happen.
Does BWM offer group health insurance for those missionaries on deputation? If not, where can you get it and how is it paid?
Your BWM Statement
Did BWM send the funds you requested? Have you received the check that the church promised? Learning to read your missionary statement is key in being able to answer these questions from your statement.
Expense Reports – Hands On
Ministry Expense Reporting – Part 1
This is the first in a 2-lesson section on how to complete a ministry expense report. For most missionaries, for every dollar of valid ministry expenses claimed the missionary will save at least 15% in tax. This can easily lead to thousands of dollars in savings every year.