Your Money Made Simple by Russ Crosson
Author:Russ Crosson
Language: eng
Format: epub
ISBN: 9780736976954
Publisher: Harvest House Publishers
THE BIBLE ON BUDGETING
The foundational Scripture on budgeting is found in Proverbs 27:23-24: âKnow well the condition of your flocks, and pay attention to your herds; for riches are not forever, nor does a crown endure to all generations.â In todayâs vernacular, this verse confirms that we should know where our money is going versus wondering where it went.
For the purposes of this discussion, we are defining the term âbudgetingâ as how people are going to handle and be intentional about their living expenses (box 4). I believe that this is what most people mean when they say they are âon a budget.â They are referring to their living expenses. They are not typically thinking about giving, taxes, and debt. In the last chapter, we discussed how to determine your living expense number. In this chapter, we will look at principles, techniques, and keys to make a budget work and to ensure you are staying within the number in box 4 (living expenses), which is the key to financial freedom.
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