Bulging Budget Lines10/9/2014

Savings Review 3 Reasons

EmergenciesPurchasesWealth

Emergency Fund $500 - $1000 3-6 Months of Expenses

Budgets = Plans

If you have a dollar, you need a budget Luke 16:10

Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much.

Budgets = Plans

Take control of your finances or…

Live paycheck to paycheck? Consider the Ant…

Proverbs 6: 6-9

Go to the ant, O sluggard; consider her ways, and be wise. Without having any chief, officer, or ruler, she prepares her bread in summer and gathers her food in harvest. How long will you lie there, O sluggard? When will you arise from your sleep?

Budgets = Plans

If… Completed Monthly

Evaluates current spending habits Identifies opportunities to save

Practiced Daily Maintains accountability Builds the crucial discipline of living within our means

Let’s Do This Thing…BUDGETS

List your goalsEmergency FundSave for SchoolPay off car loan

Put them in order

Understand Your Income

FIT Withheld (Federal Tax) Medicare EE Withheld (Medicare)SS EE Withheld (Social Security)SIT Withheld (MA State Tax)

List Your Expenses

MS Excel Mint.com PPC

Healthy Budgets

Tithe Proverbs 3:9Honor the Lord with your wealth and the first fruits of all your produce

1 Corinthians 16:2On the first day of every week, each of you is to put something aside and store it up, as he may prosper, so that there will be no collecting when I come.

Healthy Budgets

Savings Debt

No less than the min, every month! Variable/Discretionary/Fun Expenses

But on a tight leash A Plan you can stick with!

Now, It’s Your Turn…