Why A Budget?

By Kathy Kirk

• Budgeting allows you to track your monthly expenditures so that you

can determine if your expenses exceeds your income. If your expenses

exceed your income, you will have to make some decisions on how to

balance these numbers. Faith the first step to financial freedom ,

helps you in this area.

• Budgeting helps you live within your means. By examining your

expenses against your income, you will discover some expenses that

are not necessary (a need) but in fact a want. It will make you more

conscious of your spending.

• A budget will identify expenses that can be cut in order:

- To accumulate a 3-6 month emergency savings

- To tithe

- To eliminate debt

- To save for a new home or car

- To invest

- To save for retirement

- To save for any other financial goal

2005 copyright, Kathy Kirk. All rights reserved