The COMPASS Journey is a self-directed program in personal finances for pastors and full time associate pastors to assist them in managing their own family finances and to empower them to model and teach biblical financial stewardship.
Personal finances for many pastors can be very challenging. This program helps them manage and reduce educational debt, plan for retirement, stop living paycheck to paycheck, and more.
The COMPASS Journey also empowers transparent and safe financial conversations between the pastor and spouse, as well as between the pastor and lay leaders.
The pastor and spouse (if married) form a Journey Team with two lay leaders to create a Journey Plan. The plan will include 40 hours of financial training for the pastor and stewardship training for the local church.
The Journey Team determines which goals and financial training resources best fit the minister’s personal situation, and include them in the Journey Plan.
The Journey Team determines which goals and financial training resources best fit the local congregation’s financial situation, and include them in the Journey Plan.
A Cooperative Effort
Ministers who complete the COMPASS Journey program are eligible to receive matching grants of up to $5,000 USD to reduce personal debt and/or to increase retirement savings.
The minister’s local church provides a grant for their pastor to assist in paying down personal debt or for increasing retirement savings, upon completion of the COMPASS program.
Using the Ministerial Excellence Fund, COMPASS matches the local church grant, dollar for dollar, up to $5,000 USD, essentially doubling the minister’s financial relief.
Our goal is to reduce the financial strain experienced by a significant number of ministers, thereby freeing them to follow God’s call with fewer financial hindrances.