Select Page

Episode 5: Do a budget

Episode 5: Do a budget

Have you done a budget?

A budget is a simple tool that you used to track your income and your spending.

The idea is to first understand where your money is going, and then use your budget to make necessary adjustment to your spending and lifestyle in order to manage your money more wisely.

A budget is your first act of financial stewardship.

If I look at your budget, I could tell very quickly what is important to you and what you value.

The truth is how we manage our money says a lot about our relationship with God. Over my years as a financial planner, I’ve met many people who despite having very high incomes, have very little to show in way of assets. In fact, there’s a well-known saying, “the more you earn the more you spend”. This is proven true time again.

I want to give you just two keys to successful budgeting.

  1. Increase your savings as your income rises. So if you get a promotion at work, rather than think about how you can spend your new money, think about how you can invest this additional cash flow that you have.
  2. When you are working at your spending, make sure giving to God is on the top of the list. After all if we say God is first in our life, then surely this will be reflected in our budgets too.

So why not start now? You can jump online and download a free budget from my website to get you started, or use a spreadsheet on your computer to make a list of all your income and expenses.

 

 

Leave a reply

Your email address will not be published. Required fields are marked *

EXCLUSIVE E-Book!

FREE DOWNLOAD HERE!

This free e-book will help you get rid of bad debts by using a very simple plan!

Easy-to-follow instructions that will help you identify which debts to pay off first so you can get out of debt as soon as possible.

BACK TO BASICS

Hi Alex, what is a budget?

Good question! A budget is perhaps the best window to see into one’s relationship with God. It shows what an individual, family or ministry values, where they spend time, where they place their trust, and where they allow God to reign in their lives.

READ MORE

LEARN At Home

Get Our Newsletter

LISTEN EVERYWHERE

 

CONNECT

Mailing Address
PO Box 3470
Erina NSW 2250
Australia

+61 2 7229 4645
9am to 5pm (Sydney – AEST)

 

Share this post with your friends!