Today we began Part 2: APPLICATION. The first step in application is to develop a financial plan. After learning in Part 1 that "ATTITUDE is everything", we looked at the importance of planning.
"A man's heart devises (plans) his way: but the Lord directs his steps." Proverb 16:9
and...
"For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it?" Luke 14:28
Planning is critical to becoming a wise manager. As the saying goes: If you fail to plan, you are planning to fail. Or... If you don't know where you are going, you will probably end of somewhere else."
The Bible gives numerous warnings that speak strongly to the importance of planning. Jesus tells many parables illustrating the importance of being a good manager. It is impossible to be an effective manager if you don't have a plan.
Next week we are scheduled to look at my 5-step plan for getting out of debt. However, I feel that it might be helpful if we take one more week and let me show you the details of budgeting. I would like to take a hypothetical family and illustrate how to design and manage a budget.
Today's slides are below:
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