Many people feel intimidated when they hear the word “budget.” However, a budget is simply a plan for how to spend money.
Transfer Ownership
Creating a spending plan begins with following some simple steps. The first and most important step is to transfer ownership of possessions to God. He is the owner of all things, and we are merely stewards of what He has entrusted to us.
List Income and Outgo
The next step is to clearly see the income and outgo of resources. List all available income, including the following:
Salary
Interest
Dividends
Rents
Notes
Income tax refund
Other
Written By: Crown Financial Ministries. If you would like to continue reading, click here.
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