1. Blaine and Christine Bowman
In Concert
Gospel Baptist
Tabernacle
Saturday April 5, 2014 at 6:00 PM
Everyone is invited for a free,
wonderful evening of worship.
www.rossvillechurch.com
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2. Prov 27:23-24 Be thou diligent to know the state
of thy flocks, and look well to thy herds, for riches
are not forever,....
Bookkeeping
Each family needs to keep up with personal business
Keeping good records of how much you spend on
various expenses.
Know how much you have.
Know how much you owe.
March 2, 2014
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3. Predict when things are going to wear out or need
repairs. Plan for it. Save for it.
Nothing lasts forever and nothing stays the same.
Be prepared for a job layoff
or reduced income;
Life
cycles
Be prepared should
business slow down.
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4. Paying attention to these sorts of things can
save you a lot of fires to have to put out.
Financial Crises
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5. Two types of management:
Crisis management - where the problem is
here and we have to fix it.
Management thru planning where you know the
problem is coming, and you plan and prepare for it.
You have to set your lifestyle so that
there is something left over.
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6. You may already be in a financial crisis.
You can try to get more income.
Tighten up on spending.
But you probably won’t be able
to save long term for a while.
Save for short term needs.
Pay as many bills as you can as soon as you get the
money; Don’t waste a dollar.
Monthly check or weekly check; stretch it.
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7. If you’re not in a crisis right now, get ready.
Work hard, Plan and save, Don’t waste.
Live on less than you make.
Don’t live from payday to payday -- set aside
some money for future needs.
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8. Budgeting: A budget is the best way to
handle your finances well.
A budget is not a miracle; you can’t budget
whatever you want. Be sensible and wise.
Net Spendable Income (NSI): What you have
left after taxes and tithes.
Your budget must not total more than 100% of
your NSI.
Necessities first
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9. A budget must include
Current
needs
Short term
Future needs
Long term
future needs
You must include everything you will spend
money on, in your budget.
And the more detailed you make it,
the better it will work.
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10. Family Affair
The whole family needs to know how much is
budgeted, so they aren’t asking for things that
aren’t in the budget.
Housing = House payment or rent, home
insurance, property
taxes, lights, heat, water, maintenance
Of NSI After taxes and tithes
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11. Car expenses
Maintenance
and repairs
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12. It’s a good idea to begin with tracking your
expenditures, then move up to a budget.
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13. Saving money is
Profound truth
Savings
not as much fun
as spending it.
Our money fits into one of four categories:
Current needs
Short term
future needs
Long term
future needs
Giving or
sharing
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14. Short term future needs
Things wear out
or break down
These things are not always due weekly
or monthly, but they do come due.
We should plan and save for them.
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15. Long term future needs
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16. After you have taken care of all the necessities,
Set aside a small amount for recreation.
If there is no money left for pleasure,
be patient; life will improve as we obey God.
Recreation doesn’t have to be expensive.
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17. Facts to face!
Only 100%
Just because you write it down
doesn’t mean you can afford it.
Begin with
Find the
waste.
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18. We face a truly long term future: eternity!
Is your heart
right with
God?
If you
believe
In the Name
of Jesus
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