by now we have the first 3 steps 1. Tithing(10%) 2. Long term Saving(10%) 3. In case of emergency Saving(10%)
Step 4 : Cash Budget (70%) so you have 70% left at most. the reality here is live within your means. Minister Biti says eat what you kill. the idea here is to create a budget before you begin consumption of your income. i shall take you through a simple cash budget that can be useful. so you list all your expected expenses IN ORDER OF PRIORITY. for example Rent / Accomodation Rates and Electricity(yes they are important) Groceries Transport Breakfast / Lunch Maid/gardner/guard etc Family bills contributions Phone / Internet / Airtime Offering Credit Accounts eg Truworths, Barbours etc i shall explain briefly Rent / Accomodation has to be paid becuase u need a place to sleep. if u live in free accomodation praise the Lord, but always ensure u budget for it and pay it as soon as possible Rates and Electricity - we are christians and i believe we will be convicted to pay for our usage of these national resources Groceries - come up with a complete shoppin list, prices are generally constant these days so you will know how much u require every month for everything including bread, milk, vegitables. (u can take a calender and count the number of days till the next income is expected and have an exact figure) Transport - take a calender and count the number of days and the amount you require. you also need to take note of the extra journeys eg when u go to the centre to church or when you go and visit family once a week etc. for those who drive, u shld ensure you know roughly how much fuel u use a day, a week etc and budget this. Breakfast / Lunch - even if u have a pie for 50c every morning, count the number of pies and budget for them. you know that on Sunday u r going to have a sub from Cross Cafe, budget for these. u like banana's, budget for them.etc Maid - u have someone coming in to do your washing, budget and pay them Family Bill Contributions - maybe you need to buy medication for ur parents, u need to give your sibling bus fare and tuck money, u help with ur parents groceries, u help with u parents bills etc, budget for these Airtime / Phone / Internet - find out how much u normally require and budget for this not to just buy airtime becoz u have seen someone selling or becuase u wer not responsible. if u buy some for .........., budget for it. Offering - you know how many services you attend every week. budget for this and you can put in more as the spirit moves you but always plan ur offering as we are often told. Credit Accounts - though not recommended, if u have one, pay it on time to avoid being blacklisted. AVOID GETTING ADDICTED TO THESE especially for clothes Some might want to have a lunch or dinner out with family/friends etc every week/2 weeks etc budget for this. You know ur mum's birthday is on next month before u get money, budget for it now. You want to connect every sunday at connections, budget for it. i am sure you have other things that you prioritise that you might put on your list. when you have you list, put figures to it, come up with your total and see how it matches with your 70%. if you have excess praise the lord, u can have an extra amount to bless someone, save, additional offerings, etc If you have less, go back to your list and start removing that which u can live without eg 10 kgs of cornflakes, chocolate, cake every sunday etc Train yourself to live within your means and do not just spend unnecessarily. whenever you live the house, have a rough idea of how much budgeted cash you have and how much extra u have and do not go beyond these limits. for example, u r coming to cross, u have bus fare, offering and money for a drink after budgeted and say u have an extra $2, do not go and buy 5 people drinks when u can only afford 3. Step 5 : Do Not Borrow For Consumption never borrow to pay rent or to buy food. if u can't afford the place u r staying in, move to a cheaper place or share with someone. if u can't buy all the food u want from ur income this month, wat makes u think u will next month? u still have to pay back and ges wat, u r borrowing again. Try and avoid the,'ndipoo dollar' syndrome. this is the last of the series. now i take questions, comments, contributions, additions and subtractions. i hope i didn't offend someone -- You received this message because you are subscribed to the Google Groups "tribewithavibe" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/tribewithavibe?hl=en.
