"The rich ruleth over the poor, and the borrower is servant to the lender."
(Proverbs 22:7 KJV)
"The wicked borroweth, and payeth not again: but the righteous sheweth mercy, and giveth."
(Psalms 37:21 KJV)
When you have considered your living expenses (your needs), made provision for the Possible Problems to success and set up giving and wants, you have made your basic Financial Plan. The Budget is a tool that lets you track how well you are sticking to your plan. It will include the following: 1) All payments you must make (Psalms 37:21 KJV), 2) Taxes you expect to pay after withholding (if any)(Romans 13:6-7), 3) Your family average Needs (food, clothing, shelter, transportation), 4) Income average (6-12 months), 5) Emergency Saving, 6) Giving (Leviticus 27:32), and 7) Wants. This Budget is a living document and it will change whenever your income or expenses change significantly. To avoid reworking the plan, any change in a budget item must be balanced by changes to one or more other budget items. This should not happen often but any change in the Budget or Plan must be done with the entire family so everyone knows what and why changes have been made.
By this time you have finished planning and budgeting. It is now your personal responsibility to watch your expenses daily and stay within the budget. You can give to God every week with confidence that your other responsibilities will be met. You should regularly review your plan and budget twice a year for any necessary changes.
Our Awesome God is not concerned about the techniques you use to manage the things He gives you but He is concerned that you meet your worldly obligations as well as your obligations to God. Your plan will help you do all of that but it must be made and operated with prayer. Our Awesome God will help you if you ask Him. He owns everything!! So when your plan works, give God the glory and testify to others about His grace. (Genesis 1:1; Genesis 1:27-28)
Our church is a loving church that wants to help others to a better understanding of Our Awesome God and His love, mercy and grace for all of mankind. Join us at Living Word Baptist Church as we love others while preaching and teaching from our Holy Bible about God and His Son, Jesus Christ. Our church has a Bible Study at 9:30 AM on Sunday and Worship Service at 10:30 AM and then at 6:00 PM there is another Bible Study. We love visitors!
Flo & Bill