by Kathy Kirk

We have at our disposal many practical tools that will assist us with gaining financial freedom. The most important one is the Word of God. I once heard that there are more scriptures on money than any other subject in the Bible. The reason for this can probably be explained by Paul in 1Timothy 6:10 “The love of money is at the root of all kinds of evil.” So let’s not ignore how managing our money influences our relationship with God. The management of our money also reflects our love for God. Obedience to God’s Word is an indication of our love for Him. A spending plan is another tool that can be used to help you manage your money wisely.

Step 1: Identify Your Income

Income is any money coming in on a regular basis.

Step 2: Estimate Expenses Each Month

Identify what you spend your money on monthly.

Step 3: Define Your Spending Goals

Determine your financial goals and incorporate these into your

budget.

Step 4: Complete Your Budget

Your budget can be as elaborate or simple as you want. My

book has a very simple format that you can use, “Faith the First

Step to Financial Freedom ” for additional forms.

Step 5: Analyze Your Current Situation

Determine whether your expenses exceed your income. At this point, you may have to make decisions to eliminate some expenses or increase your income.

Step 6: Adjust Your Spending Plan

Make the necessary changes to your budget to balance your

budget. At this time, your income should equal your expenses.

2005 Copyright, Kathy Kirk. All rights reserved