He Said It! I Did It! Lesson 3: Keep Score


In 2005, former Georgia United Methodist Foundation Board of Trustee Charles W. Buffington Jr. and his son, Charles W. Buffington III, did what many aspire to do: They co-authored and published a book. “He Said It! I Did It!” takes readers on a journey to financial freedom that results in a life of abundance that honors God.

In lesson three of this ten-part series, the Buffingtons explain the importance of keeping a financial scorecard. In layman’s terms, your economic worth is the value of what you have minus what you owe. They note that your financial scorecard reveals the state of your financial health and that real wealth comes from living within your means and making sound investments. The following text identifies five practices for “keeping score” to ensure that your actions are in step with your financial goals.

Lesson 3: Keep Score

  1. The financial scorecard formula is Net Worth = Assets - Debt.
  2. Know your financial situation as well as you know your job, interests, and hobbies. Knowing your financial situation is more important than some of the other activities in which we invest our time and energy. 
  3. A financial scorecard is a map to get you to your vision. How could you possibly know what decisions to make if you do not know your score in the game?
  4. Creating a financial scorecard opens our eyes to what we can accomplish. When we know where we stand, we have a better idea of where we want to go.
  5. Play aggressive offense (invest) and defense (eliminate or reduce debt). By investing and retiring debt, you will see your net worth increase exponentially and have a glowing financial scorecard.

Study the following Scriptures to better understand what God says about these topics:


Luke 14:28-30: Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it? For if he lays the foundation and is not able to finish it, everyone who sees it will ridicule him, saying, ‘This fellow began to build and was not able to finish.’


Proverbs 22:7: The rich rule over the poor, and the borrower is servant to the lender.

Romans 13:7-8: Give everyone what you owe him: If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor. Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.


1 Timothy 6:17-19: Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life.

Proverbs 3:9-10: Honor the LORD with your wealth, with the first fruits of all your crops; then your barns will be filled to overflowing, and your vats will brim over with new wine.