Christian finance and consumer credit counseling & debt management
Bible Based Budgeting
Managing Your Money Budgeting — is there anything more tedious? Still, it is necessary. But try to think of it as a way to squeeze more out of your money and reach your goals.
Why should you budget?
In case of financial difficulty (loss of employment, falling behind in payments, etc.).
To realize short- or long-term projects (purchasing a car, going on a trip, etc.).
To better control your financial situation and to know where your money is going.
The basic principles of budgeting
The basis of budgeting is to establish your expenses according to your income. If you spend more than you have, you'll go into debt.
Luke 16:10-15
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.
11 So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches?
12 And if you have not been trustworthy with someone else's property, who will give you property of your own?
13 "No servant can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money."
14 The Pharisees, who loved money, heard all this and were sneering at Jesus.
15 He said to them, "You are the ones who justify yourselves in the eyes of men, but God knows your hearts. What is highly valued among men is detestable in God's sight.
Luke 12:13-21
13 Someone in the crowd said to him, "Teacher, tell my brother to divide the inheritance with me."
14 Jesus replied, "Man, who appointed me a judge or an arbiter between you?"
15 Then he said to them, "Watch out! Be on your guard against all kinds of greed; a man's life does not consist in the abundance of his possessions."
16 And he told them this parable: "The ground of a certain rich man produced a good crop.
17 He thought to himself, 'What shall I do? I have no place to store my crops.'
18 "Then he said, 'This is what I'll do. I will tear down my barns and build bigger ones, and there I will store all my grain and my goods.
19 And I'll say to myself, "You have plenty of good things laid up for many years. Take life easy; eat, drink and be merry." '
20 "But God said to him, 'You fool! This very night your life will be demanded from you. Then who will get what you have prepared for yourself?'
21 "This is how it will be with anyone who stores up things for himself but is not rich toward God."
How to make a budget?
Follow the six steps below in creating your budget.
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