MoneyWalk 180: Why You Need To Budget

This program will help you undo financial bondage.

A budget is a projection of future income and expenses that you expect for your household over a specified period of time. Expected income and expenses are derived from pay stubs and bills. It’s almost impossible to use the income God blessed you with in the best possible manner without keeping an updated 3-6 month budget on computer or paper. Very few people can keep an accurate budget in their heads!

Budgeting to produce surplus money to eliminate debt and building savings and investments will make you a good steward of the income God has entrusted to you. A budget’s purpose is to bring structure to spending income, identifying future expenses, and helping reach short and long-term goals. By doing so you will:

1. Better understand your present financial condition

2. Better understand the debt-laden mess you created in the past

3. Identify areas of wasteful spending

4. Identify the need to reduce expenses or earn additional income.

5. Plan better to overcome periods when expenses exceed income

6. Make better financial decisions to meet future goals

Long-term benefits of budgeting are organization of your income and expenses and related paperwork, engaging a spiritual / principled / methodical process proven to put in you in sound financial shape when adhered to, prioritizing and always remembering to honor God through tithes and offerings, incremental debt reduction, eventual total debt elimination, ever increasing asset building through saving, compound growth via investing, the ability to adequately respond to future emergencies, and peace and joy in Christ as you prosper immensely.

Let this process work for you so that you truly can be a wise man that builds a treasury while taking care of all your current God-given responsibilities instead of being the fool who spends everything he gets and thus has only poverty and a curse in life while on earth. Remember, there is much treasure in the ground of the poor man, but it is wasted for lack of judgment.

Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!

Proverbs 21:20, Proverbs 27:23-24, Habakkuk 2:2-4, Luke 14:28-30

Please forward these bondage breaking articles to other people who can use helpful insight!!!

You can find books authored by Randy and Karen Parlor at www.Amazon.com