Why do I need a budget?
A lot of us are scared by the dreaded “B” word, but a budget is just simply a plan for your money. Whether you’re struggling with you money or just looking to manage your finances better, this is for you! Managing your money wisely will help you honor God with your finances.
Doesn’t being on a budget mean I can’t spend money?
Not at all! It simply means that YOU decide what you are spending your money on before the month begins. Having a plan gives you the freedom to spend your money the way you want. It’s simply being proactive rather than reactive.
Okay, so how do I budget?
The best way to budget is a “zero-based budget.” That simply means that your giving, saving and spending (your “expenses”) equal your monthly income.
For example, let’s say you bring in $1,000 per month.
In this example, your income is equal to your expenses. You are left with $0 at the end of the budget, which is why it’s called a “zero-based budget.”
Great! How do I start?
You can make a budget in three easy steps.
- Gather your paperwork.
Grab things like bills, receipts, loans, pay stubs, etc.
- Set a date.
Make sure to budget WITH your spouse (if applicable) so you both have input, and try to do this in a distraction-free environment.
- Fill out the form.
Download the free Quick Start Budget form and get started!
We are partnering with Dave Ramsey and his team to provide you with simple guidelines and tools for your finances. We highly recommend Dave’s principles (which come from the Bible), and many of our leaders have been through his course, Financial Peace University, and live according to these principles.