You need a budget

image source: the art of manliness dot com

For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it?

Luke 14:28

Are you planning to build a house, buy a car, plan a vacation, take or repay a loan, plan a wedding, run a business and so on. Then you need a budget. A budget is a summary of intended expenditures along with proposals on how to meet them.

Nations and corporate organizations have budgets. Do you have a personal budget? For most people, their budgets are on their minds and not written down. A glance at the bank account balance is not a budget. A written budget is more effective than a budget in the mind. Budgets can be used for virtually everything that involves spending money.

You might think that your income is not sufficient hence there is no need for a budget. Every income needs a budget on how to spend the income.

Jesus pointed out that it was common practice for the people to sit down and count the cost to check whether there is enough money to complete a tower or building. This process of counting the cost is called budgeting. You don’t want to spend all your money without knowing if your expenditure will exceed your income. Failure to budget often results to lots of anxiety, borrowing and more anxiety.

Start budgeting today!