
I posted this on my blog, and thought it would be interesting to discuss on this blog as well.
I have several blog posts churning around in my head. One on the current financial situation and God's economy. One about ministering to those that hold positions of power. One about the importance of mission of outreach in the face of recession and depression. But, the thoughts haven't crystalized quite yet. Maybe they aren't appropriate for a blog post, but rather a conversation or two.
Earlier this fall, Peter and I switched banks for our savings account. I read a book
about consumerism this summer that got me thinking more about the relationship between micro and macro economics and our community. As an urban planner/community developer, my partner Peter found a great bank in Chicago/Detroit/Cleveland called ShoreBank. Their misssion is "to be a community development and environmental bank that enjoys a proud heritage of serving Chicago, Cleveland and Detroit. ShoreBank is committed to building stronger communities, creating a healthier environment, and helping its customers achieve financial success. When you bank at ShoreBank, you will experience friendly, expert customer service while also having the satisfaction of knowing that your deposits will have a positive impact in the community."
I can't argue with that. Not only is their savings account high yielding (as competitive as an ING account), but it also gives back to the community. Something "conservatives" and "liberals" can agree on.
Check out the history and vision
here.I won't pontificate about the current situation of other banks. It's complex. The solution will be complex. But, I am encouraged that there are alternative options for stewarding money and resources.
Also, if anyone is looking for a helpful budgeting/finance tool: mint.com has become our new friend. I'm visual, and seeing a pie chart of our expenses each month by category is great. The software is free, safe, and great.
What are your thoughts on money and the economy? What does stewardship of resources look like? Is there a boundary between stewardship and hoarding?