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Being fully funded means more than just being at full monthly support. It also means having healthy and appropriate reserves. Why do we need a buffer, also known as reserves? Living paycheck to paycheck is stressful for families. Missionaries in cross-cultural and other settings face many stresses, and it’s best to avoid adding unnecessary financial stresses. Families need a buffer in their checking and savings accounts for their personal living expenses and to manage cash flow. They also need reserves with the organization in which they serve. How much does a missionary need as a buffer? $10,000? $20,000? It depends […]
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