Planning 9

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In ConcertGospel Baptist

Tabernacle

Saturday April 5, 2014 at 6:00 PM

Everyone is invited for a free,

wonderful evening of worship.

www.rossvillechurch.com

Blaine and Christine Bowman

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Prov 27:23-24 Be thou diligent to know the state

of thy flocks, and look well to thy herds, for riches

are not forever,....

Bookkeeping

Each family needs to keep up with personal business

Keeping good records of how much you spend on

various expenses.

Know how much you have.

Know how much you owe.

March 2, 2014

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Predict when things are going to wear out or need

repairs. Plan for it. Save for it.

Nothing lasts forever and nothing stays the same.

Be prepared for a job layoff

or reduced income;

Be prepared should

business slow down.

Life

cycles

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Paying attention to these sorts of things can

save you a lot of fires to have to put out.

Financial Crises

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Two types of management:

Crisis management - where the problem is

here and we have to fix it.

Management thru planning where you know the

problem is coming, and you plan and prepare for it.

You have to set your lifestyle so that

there is something left over.

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You may already be in a financial crisis.

You can try to get more income.

Tighten up on spending.

But you probably won’t be able

to save long term for a while.

Save for short term needs.

Pay as many bills as you can as soon as you get the

money; Don’t waste a dollar.

Monthly check or weekly check; stretch it.

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If you’re not in a crisis right now, get ready.

Live on less than you make.Don’t live from payday to payday -- set aside

some money for future needs.

Work hard, Plan and save, Don’t waste.

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Budgeting: A budget is the best way to

handle your finances well.

Net Spendable Income (NSI): What you have

left after taxes and tithes.

Your budget must not total more than 100% of

your NSI.

Necessities first

A budget is not a miracle; you can’t budget

whatever you want. Be sensible and wise.

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A budget must include

Short term

Future needs

Long term

future needs

You must include everything you will spend

money on, in your budget.

And the more detailed you make it,

the better it will work.

Current

needs

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Family Affair

The whole family needs to know how much is

budgeted, so they aren’t asking for things that

aren’t in the budget.

Housing = House payment or rent, home

insurance, property

taxes, lights, heat, water, maintenance

Of NSI After taxes and tithes

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Car expenses

Maintenance

and repairs

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It’s a good idea to begin with tracking your

expenditures, then move up to a budget.

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Savings

Our money fits into one of four categories:

Current needs Short term

future needs

Long term

future needs

Giving or

sharing

Profound truthSaving money is

not as much fun

as spending it.

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Short term future needs

Things wear out

or break down

These things are not always due weekly

or monthly, but they do come due.

We should plan and save for them.

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Long term future needs

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After you have taken care of all the necessities,

Set aside a small amount for recreation.

If there is no money left for pleasure,

be patient; life will improve as we obey God.

Recreation doesn’t have to be expensive.

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Facts to face!

Only 100% Just because you write it down

doesn’t mean you can afford it.Begin with

Find the

waste.

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We face a truly long term future: eternity!

Is your heart

right with

God?

If you

believe

In the Name

of Jesus