Heads up. I’m going to use the B-word now. Stick with me any how.
B is for Budgeting. This isn’t some constricting, kill-joy budget. It is a plan. Make this the P-word. Plan. We want others to have a plan. The coach. The surgeon. The airline pilot. The contractor. The teacher. If these people just go with the flow to see what happens, we get ticked. Why? We know without a plan nothing gets done or things can even go horrendously wrong.
The Bible says several things about our plans for “our money” (i.e. the money belonging to God that we are to manage. See A is for…)
“The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to want” (Proverbs 21:5, New Revised Standard Version).
“For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it?” (Luke 14:28)
“Prepare your work outside; get everything ready for yourself in the field, and after that build your house.” (Proverbs 24:27)
Know well the condition of your flocks, and give attention to your herds, for riches do not last forever; and does a crown endure to all generations? (Proverbs 27:23-24)
Sometimes the Bible is straight forward. A plan will get enough for my family plus more to share. Rushing forward without a plan leads to unmet needs. Before we spend on a something large, figure out if we can afford it. Work first, then make your big purchase.
e condition of my flocks? Sometimes we have to take the principle being taught by the Bible to an agricultural society and apply it to our society. We’re not dealing in chickens and sheep, but a plan will keep us from eating up too many assets. What is your monthly income? What are you setting aside for the future? Are there animals, I mean expenses that need to be cut from the herd? Are you investing in a Guinea fowl IRA or a Plymouth Rock 401K? Flocks and herds were riches as surely as bank accounts, cars and houses, and they don’t last long without attention and won’t last forever regardless.
Do you know your net worth? Your financial condition? Add up the value of your house, car and accounts and subtract all your debts.
Is your car getting in better and better shape? Or do you have a financial plan for when and how you’ll replace it?Is your health getting better and better so that you will always be in the condition you are today?
Maybe the plan is as simple as a summer vacation or sending the kids to a great camp. Did you plan for that in your budget? Or are you eating up assets you have and those you don’t? (Hello credit card.) Whether you consult Suze Orman or Dave Ramsey, make a plan. If one system for sticking with your plan doesn’t work (e.g. the Envelope plan), try another (e.g. one page budget).
Need more help and for free because you don’t have a budget for that help? Call around local churches to find one with a financial class. Classes in your area may include I Was Broke Now I’m Not, Discovering God’s Way of Handling Money, and Financial Peace University among others.
Free help and even coaching are out there.
Plans fail for lack of counsel, but with many advisers they succeed. (Proverbs 15:22 in New International Version).
26 Days of The Bible Says What?!? (About Your Money) are coming your way.
Other “B” Topics from #A2ZChallenge around the web:
- B is for Bravo – Read a bit each day of the short story
- B is for Bookstack – Explore digital drawing with iPad and Apple pencil sketches
- B is Back to Basics – Feelings overwhelmed? Reflect and read.
Kristin King began her study of the financial principles in the Bible during tight times in 1999 and has never stopped learning and teaching. She recommends joining the Crown.org newsletter for uplifting testimonies, solid teaching and applications. Kristin is also available for speaking engagements as time allows. Message her on Facebook at Kristin F. Chaudoin King for more information.