Good Money Week reminds us that financial decisions matter

good money week
Murdo Macdonald speaks at the Good Money Week conference, which took place in Edinburgh on October 3.

This week is Good Money Week, an opportunity for us take a look at how we handle our finances and to ask whether we could do better.

"Good use of money is not just about pension funds and investment decisions," says Murdo Macdonald, policy officer for the Church. "There are lots of ways that individuals and congregations can make financial decisions that are good for our environment, good for society and help others in Scotlandand across the world."

A half-day Good Money conference in Edinburgh two weeks ago took a look at some of the ways we can ensure personal and congregational decisions benefit everyone in our communities.

Simply watching where your money goes can yield unexpected insights. The Good Money app, available for android and iphone platforms, can help you do that right from your phone.

Conference attendees identified a need for better financial education for young people. With credit easily available and temptation all around, young people need help to negotiate complex financial decisions, especially as they may not have much trust in financial institutions.

Helpful resources for both individuals and churches include:

Community Shares Scotland offers a way to support sustainable enterprises with a community purpose.

'The Ethical Money Churches Project' which helps worshipping communities to explore challenging issues relating to Christian stewardship offinancial resources and assets.

The Young Money Blog, written by young people for young people it offers financial education and information.

Rev Sally Foster Fulton, who chaired the conference said:"We want to encourage church members and congregations, as well as those outside the church, to consider how and where they invest their money, and to make people aware of the power of positive investment.

"I'm really encouraged that the Church is involved in promoting the positive use of financial resources. Jesus emphasised the need for a right use of resources, when he said: 'Where your treasure is, there your heart will be also.' At a time when there's a lot of focus on money motivating wrong actions,we need to remember that money can and should be used for good"

To learn more about Good Money week visit the Church's Good Money Week resource page or the Good Money Week website.