Although I generally love everything about Vanguard, I wish they had an easy way to rebalance your portfolio. Since they don’t, I’ve created this free portfolio rebalancing calculator to make it a bit easier.

       All you have to do is enter your total portfolio value, the current amount of each investment, and your target allocation for each investment. Entering investment names and symbols is optional. I’ve pre-entered the investment names and symbols for the Vanguard funds you’ll find in my free portfolio allocation calculator, but you can use this calculator for any portfolio with up to 20 investments. If you need to figure out how many shares to buy or sell, simply divide the result by the current price per share. (This isn’t necessary when using Vanguard’s website. They let you buy in dollar amounts.)

       The calculator will tell you how much to buy or sell of each investment to reach your target asset allocation. If you’re adding cash to the portfolio, simply add the amount you’re going to deposit to your “Total Portfolio Value”. If you’re planning to withdraw cash from the portfolio, simply subtract that amount from your “Total Portfolio Value”. Then enter everything else like normal.

       Any odd cents will be added to or subtracted from the last investment listed on the spreadsheet. You’re responsible for double-checking the calculator’s results. I can’t fix user error, and I can’t guarantee that this calculator is error-free (though I’m fairly sure it works fine). If you have any questions or suggestions, leave them in the comments below and I’ll try to help you. You’ll want to expand it to full screen view or save it as an Excel file to see everything at once.

*Note: Click the ‘Click to Edit’ button to use the calculator with your own numbers.

Christian Personal Finance Blogs

Corey —  December 28, 2009

       If you’re interested in reading other personal finance blogs by Christians, I’ve compiled a list of all the ones I could find. If you’re a Christian personal finance blogger and you don’t see your website on this list, please leave a comment below and I’ll add you. If you know of a Christian personal finance blog I haven’t included, please do the same. Thanks!

Personal Finance Blogs Written by Christians:

Christian Personal Finance Blogs That Haven’t Posted in a While:

Merry Christmas!

Corey —  December 23, 2009

Merry Christmas ! by babasteve on Flickr

       With Christmas coming in just a few days, I won’t be posting for the rest of the week. Be sure to come back on Monday for more free content. Have a merry Christmas, and enjoy the time with your family and friends. May God bless you as you worship Him and remember the birth of His Son, Jesus Christ!

Raising a Cow for Beef: Month 4

Corey —  December 21, 2009

       Last month, I posted an update about how my wife and I are raising a cow for beef. This is a summary of our activity and costs for month 4. First, let’s check Bambi’s growth. Here he is at three months old:

Paul & Bambi - 3 Months Old

       And here he is today at 4 months old:

Bambi - 4 Months Old
       It’s difficult to tell from that picture, but Bambi is filling out nicely and gaining weight steadily. He’s getting big enough that it’s difficult to handle him when I try to take him from the barn to the grass.

Costs & Time

       There hasn’t been any change in the amount of time it takes to care for Bambi. It takes me about 5 minutes to feed him every day, and about forty-five minutes to an hour to clean out his stall. The only other time I spend on him is making the trip to buy his feed, but that’s only about 15-20 minutes once a month.

       We spent about $30 less than last month because we didn’t need to buy any more hay or straw. Here’s what we spent this month:

  • Calf Feed – $40.31
  •        

  • Time – 6 hours

       And here are our total costs over the past four months:

  • Cost of Bambi – Free!
  •        

  • Castration & Dehorning – $16.00
  •        

  • Milk Replacer – $45.54
  •        

  • Miscellaneous – $39.90
  •        

  • Calf Feed – $82.50
  •        

  • Hay – $31.00
  •        

  • Straw – $9.00
  •        

  • Total Spent – $223.94
  •        

  • Time – 42 hours

       So after four months we’ve spent a total of $223.94 and 42 hours raising a cow for beef. I doubt the total cost will increase by much over the next month, and I expect the total time to stay the same.

       That’s it for this month. If you have any questions or comments, please leave them below. And make sure you sign up for free updates to Provident Planning if you’re interested in knowing what it takes to raise a cow for beef!

       You may have noticed that most of the Bible verses I quote on this website are from the World English Bible (WEB) version. Not too many people are aware of this Bible version, so I thought I should take a couple minutes to let you know why I use it.

What Is the World English Bible?

       The World English Bible is an update of the American Standard Version of 1901, which is in the public domain. It has been edited to conform to the Greek Majority Text New Testament. The World English Bible is also in the public domain, which sets it apart from other revisions of the American Standard Version (like the New American Standard Bible, the Revised Standard Version, and the Amplified Bible) which are under copyright.

Why Does Copyright Matter?

       All modern translations of the Bible are currently under copyright, which means that I cannot post verses from those translations which violate the fair use requirements. Because this website has advertisements, I can’t use any of the modern translations without paying licensing fees.

       I’d run into the same problem if I ever want to publish any books with Bible verses in them. The copyright restrictions would require me to pay licensing fees plus royalties to the translation publishers (like Zondervan). Those fees are quite high and would make it very expensive for me to publish anything.

       The solution is to use a Bible translation that’s in the public domain, meaning there are no copyright restrictions. Generally, only older, out-dated translations are in the public domain – like the King James Version or the American Standard Version. The archaic language of these versions makes it difficult for modern readers to understand the Bible.

       Thanks to the people working on the World English Bible, I can quote all the Bible verses I want from that version without any fear of violating copyright rules. The World English Bible is a modern translation that can be freely copied without written permission from a publisher or payment of royalties.

Is the World English Bible a Good Translation?

       Since it’s relatively unknown, you may wonder if the World English Bible is a good translation. If you’ve read many of the Bible verses I’ve quoted, you’ll realize that they’re quite similar to any other translation you’ll read – especially those based on the American Standard Version (ASV). If you usually read the New American Standard Bible (NASB) or the Amplified Bible, you’ll find that the World English Bible is a very close translation since they’re all based on the ASV.

       The American Standard Version is considered to be a literal translation, and the World English Bible follows suit. It’s not going to read like The Message or the New Living Translation, but you can rely on it for a literal interpretation of the original Bible languages.

       One thing you might find strange is the fact that the World English Bible always translates the proper name of God as “Yahweh”. The KJV generally translates this as “LORD” or “GOD” in either all caps or small caps and the ASV uses “Jehovah”. Scholars generally agree that the tetragrammaton should be rendered “Yahweh” instead of “Jehovah”. Seeing “Yahweh” all the time just takes a little getting used to but it does not change the meaning of the Scriptures.

       If you don’t like the WEB version, you can always click the link under any Scriptures I quote. That link will take you to another website, where you can see those verses quoted in the NIV, KJV, Amplified Bible, NLT, The Message, and the NASB versions. That should just about cover everyone’s preferences.

How Can I Learn More?

       If you have other questions about the World English Bible, you’re best off checking out their website and frequently asked questions section. You should be able to find most of you questions there, and if not, you can e-mail those working on the project.

       If your income falls in the low to middle range, you can get your tax returns prepared for free. How? By using AARP’s Tax-Aide Program.

What Is AARP Tax-Aide?

       AARP Tax-Aide is the nation’s largest, volunteer-run tax preparation and assistance program. It’s part of the IRS’s Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) Programs. It is available to taxpayers with low and moderate incomes and gives special attention to people age 60 and older.

How Low Does My Income Need to Be?

       The IRS refers to moderate income as $50,000 or lower, but as an AARP Tax-Aide volunteer I can tell you this guideline is loosely followed. If you make $60,000/year, you’ll probably still be able to get help.

Not for Complex Returns

       If you have rental properties, a Schedule C (not C-EZ), a complex Schedule D, a Schedule F, or an otherwise complicated tax return, then AARP Tax-Aide (or any VITA program) is not for you. You should hire an experienced tax preparer – preferably a CPA.

Where Can I Go for Help?

       If you’d like to find an AARP Tax-Aide location near you, you can find one on their website starting in late January. If you can’t find an AARP Tax-Aide location near you, you can try calling 1-800-829-1040 to locate a VITA location near you.

How Well-Trained Are the Volunteers?

       AARP does not let just anyone volunteer for the Tax-Aide program. All volunteers are required to undergo a thorough training course mandated and created by the IRS. They are well-trained in how to handle the 1040 Form and the standard schedules.

       You may also find that many of the volunteers have a background in tax preparation or finance. For example, I volunteer and I’ve had two years of professional tax preparation experience. The local coordinator for my volunteer site was a CPA before she retired, and we had at least one other CPA volunteer last year. So the help you get may be quite good.

Can I File Electronically (E-file)?

       Electronic filing with direct deposit is the fastest way to get your tax refund from the IRS. Most AARP Tax-Aide sites offer electronic filing with no charge to the taxpayer. Many more sites are gaining the capabilities to e-file every year.

What If I Just Have a Tax Question?

       AARP offers free, year-round tax assistance via the Web for 24/7 help. You can find more information at the AARP Tax-Aide website.

I’d Like to Help! How Can I Volunteer?

       If you’d like to volunteer with AARP’s Tax-Aide program to help with the 2009 tax season, there’s still plenty of time. Go to their website to read more about becoming a volunteer and to fill out a volunteer form.

Tithing in the Bible: Summary

Corey —  December 16, 2009

       Last week, I finished my series on Tithing in the Bible where we looked at every single Bible verse that talks about tithing. The purpose was to see what God’s Word says about tithing and to compare that with what is taught in the church today. What we found was that men have twisted the Bible’s teaching on tithing and giving out of ignorance or ulterior motives. They’ve added to the Bible’s definition and explanation of tithing to make it fit their own ideas. This post is a summary of what we learned from the Scriptures about tithing. You can click the titles of each heading to read the entire post relating to those verses.

Abram’s Example – Genesis 14:18-20

  1. Abram gave 10% to Melchizedek only from the spoils of war – not his own money.
  2.        

  3. Abram gave the remaining 90% of the spoils of war to the King of Sodom.
  4.        

  5. Abram only gave a tithe once that we know of. We have no other examples of tithing as Abram’s model for giving.
  6.        

  7. Abram’s example was never used in the New Testament to teach Christians how much they should give.
  8.        

  9. The Bible does not say that Abram was commanded by God to give the tithe to Melchizedek.

       Conclusion: Abram’s example of tithing to Melchizedek does not set a precedent for Christians to follow.

Jacob’s Example – Genesis 28:20-22

  1. Jacob’s promise to tithe was completely conditional. He told God that he would tithe if God would bless him.
  2.        

  3. God did not ask Jacob to give a tithe. Jacob chose to promise it to Him (again, only if God would bless him).
  4.        

  5. Jacob would not have had a local temple (church) to give his tithe to. Neither would God have taken the tithe directly from Jacob – He does not need it. Jacob would most likely have given his tithe directly to the poor and needy or in showing hospitality to strangers.

       Conclusion: Jacob’s example of tithing is not taught by tithing advocates because it was completely freewill, conditional, and would not support the idea of giving your tithe to your local church. It also does not set a tithing requirement for Christians to follow because it was Jacob’s choice – not God’s commandment.

The Tithe is Holy to the Lord – Leviticus 27:30-33

  1. Many other aspects of the Law were considered “holy to the Lord”, including: grain offerings, sin offerings, trespass offerings, the feasts, holy days, the sanctuary, the high priest’s crown, the priests’ clothes, and the fruit a tree produces in its fourth year.
  2.        

  3. The tithe only came out of increases from the land, flocks, and herds – not income the Israelites earned in any other way. The tithe was only food and never included money.
  4.        

  5. The tithe was not the best tenth. The tithe of the herds and flocks was the tenth animal to pass under the shepherd’s rod, and the shepherd was not allowed to change it. The tenth animal could have been the best or the worst.

       Conclusion: These verses do not establish the tithe as an eternal statute for all who follow God merely because it was considered “holy to the Lord”. There are several other Old Testament statutes we should be keeping if that is our method of discerning eternal statutes. Also, modern tithing advocates twist the Scriptures to include money in the tithe instead of just food and to teach that the tithe should be your best 10%.

The Statute of Tithing – Numbers 18:20-32

  1. The tithe was instituted among Israel to provide specifically for the priests and the Levites.
  2.        

  3. In exchange for the right to receive offerings and tithes, the priests and the Levites had to give up all rights to inheritance or land ownership.
  4.        

  5. The Levites – not the priests – received the tithe from Israel.
  6.        

  7. The Levites then gave the priests a tithe of the tithes, or 1% of all Israel’s agricultural increase.
  8.        

  9. The tithe was still only food items and never included money.

       Conclusion: The tithe does not apply to Christians because it was specifically for the Israelites to support the Levitical priesthood. Christ’s death abolished that priesthood and replaced it with a priesthood of believers with Christ as the high priest. Tithing advocates do not teach that those who receive the tithe should give up inheritance and land ownership rights or that the priests should only receive 1%. Again, the tithe only contained food items and not money.

Eating Your Tithe – Deuteronomy 12, 14, & 26

  1. Tithing is just one among many statutes and ordinances the Israelites were commanded to observe.
  2.        

  3. The Bible talks about eating your tithe before God which is never taught today. It also means the tithe was only food and not money. Israelites were only allowed to use money if the journey to the Temple was too long for them to carry their tithe. Once they arrived at the Temple, they had to use that money to buy food and drink so they could celebrate before God.
  4.        

  5. This could have been a second tithe (the festival tithe), which means the Israelites tithed at least 20%.
  6.        

  7. The Bible also talks about tithing every third year (the poor tithe). This tithe was kept within each Israelite city to care for the poor. It did not go to the Temple.

       Conclusion: Tithing advocates do not teach that Christians should observe all of the statutes and ordinances of the Law – only tithing. They also don’t teach about eating your tithes or giving your tithes directly to the poor. They usually teach that you should give it directly to your local church. These are not Biblical teachings.

2 Chronicles 31

  1. The tithe was still only food items from Israel’s agricultural increase. That’s why the tithing stopped after the seventh month – the harvest was over for that year.
  2.        

  3. The Temple was not the storehouse for all the tithes – reinforcing the fact that only 1% went to the Temple and the Levites kept the other 9% in the Levitical cities where they lived.

       Conclusion: Again, those who teach tithing today twist the Scriptures to make it include money even though the Bible says it was only food.

Background for Malachi – Nehemiah 10, 12, & 13

  1. The blessings promised by the Law required the Israelites to keep all of God’s commandments, statutes, and ordinances. Breaking any one of those meant you were cursed under the Law.
  2.        

  3. Again, the tithe went to the Levites and then they gave a tithe of the tithes to the priests. It didn’t all go to support the priests – only 1% did while the remaining 9% went to the Levites.
  4.        

  5. During the time of Nehemiah and Malachi, the priests were often guilty of breaking the Law and stealing the tithes by not giving the Levites their portion while they were serving at the Temple. This gives us some background for what we read in Malachi.

       Conclusion: Christians are not under the curse of the Law because Christ has taken away that curse. This is important to understand before reading Malachi 3:8-12. Many have misinterpreted those verses and told Christians they will be cursed if they do not tithe.

Malachi 3:8-12

  1. God required the Israelites to keep all of His commandments, statutes, and ordinances – not just those concerning tithing.
  2.        

  3. If the Israelites failed to keep all of the Law, they were cursed with “the curse” – even if they only failed in one point of it.
  4.        

  5. The tithe was still only food.

       Conclusion: Teaching Christians that they will be blessed if they tithe or cursed if they don’t completely ignores Christ’s sacrifice. We are no longer under “the curse” of the Law but have been freed from death by Christ’s blood. Therefore, Christians will not be cursed if they do not tithe, and the promise of blessing in this passage does not apply to us. It was for the Israelites only.

       Note: I did not include Amos 4:4-5 in this study because it barely mentions tithing and is not relevant in our study.

Did Jesus Teach Tithing? – Matthew 23:23 & Luke 11:42

  1. Jesus was under the Law and so were the Pharisees He was speaking to. The New Covenant did not begin until after Jesus died, so He would not have taught the Pharisees to break the Law. However, Jesus never taught Gentiles to keep the laws or statutes that applied specifically to the Israelites (like tithing and ceremonial cleansing rituals). Christians are not under the Law of Moses; therefore, we are not required to tithe.
  2.        

  3. The tithe still only contained food and never money.
  4.        

  5. You can tithe and still be sinning. God held justice, mercy, faith, and sharing His love as higher and more important than whether or not an Israelite tithed. He still feels that way today. God would rather have us actually live a holy life than to have us tithe and feel holy even though we neglect the more important things.

       Conclusion: Jesus was not advocating tithing for all of His followers for all time. He was speaking to a specific group of people who were under all of the Law of Moses. He used this time to teach us that love trumps giving every time. It is foolish to think that tithing will save us or that failing to tithe will condemn us.

Boasting about Tithing – Luke 18:9-14

  1. Jesus used this parable not to support tithing but to condemn the self-righteous. God will humble us if we boast in the things we do, and He will exalt those who humble themselves.
  2.        

  3. Tithing is only mentioned twice in the Gospels, but Jesus takes many occasions to teach about generous giving to the poor.

       Conclusion: We should look at all of Jesus’ teachings about giving to determine God’s will for Christian giving. He spoke more about generous giving than tithing. Even when He talked about tithing it was not in a positive light.

Change of the Priesthood, Change of the Law – Hebrews 7

  1. This is the only time tithing appears after Jesus’ death.
  2.        

  3. Jesus’ high-priesthood is superior to and replaces the Levitical priesthood.
  4.        

  5. Since the Levitical priesthood has been replaced so has the Law that was instituted under it. Christians are not under the Law of Moses.
  6.        

  7. We have a better hope through the high-priesthood of Jesus and His sacrifice. We have a better hope for salvation that comes through faith in Jesus – not in keeping the Law of Moses. And we have a better hope for giving that’s based on a close relationship with God through prayer and the guidance of the Holy Spirit – not on percentages.

       Conclusion: God has created a better covenant with Christians that allows us to draw near to Him through Jesus. We shouldn’t place ourselves under the statutes of an inferior Old Covenant when God desires a deeper relationship with us through His New Covenant.

New Covenant Giving

       In our study of tithing, we’ve seen that modern tithe teachers have grossly misrepresented what the Bible says about tithing. Tithing is not a requirement for Christians, and God has a better plan for Christian giving than tithing. If you want to learn more about giving under the New Covenant, check out these articles:

       I’ll also be spending more time in the future looking at Jesus’ teaching on giving and what the New Testament teaches about giving. So make sure you’ve signed up for free updates to Provident Planning if you want to learn more. If you have any questions or comments about tithing in the Bible, feel free to leave them below!