Religion and Money: The Price of Faith

"For the most devout practitioners - perhaps 15% of Americans, if measured by how frequently they attend services - following their faith's precepts often has a profound financial impact: Religion guides how they make, spend, and invest their money. And it often leads to financial decisions and stresses far different from those of people who don't share their beliefs. To explore how religion affects the way people manage their money, we visited with three families of different faiths who are struggling to reconcile their spiritual beliefs with their wallets. Their stories, and our advice to them, follow. What all three households have in common: the desire to let faith guide their economic prospects, without undermining their family's security or long-term goals. As you'll see, that isn't always an easy task. . ."