Genesis Financial Workbook by Chad Durniak

Author:Chad Durniak
Language: eng
Format: epub
Tags: Education/Finance/Business & Economics/Personal Finance/Money Management/Religion/Christian Ministry/Pastoral Resources
Publisher: Elm Hill
Published: 2018-04-17T16:00:00+00:00

The Available Balance row should only be filled in if there is leftover money in your checking account at the end of the month. If you fill in a dollar amount in this row, make sure that all checks have cleared and there are no pending debit card transactions yet to be subtracted. Once your income section is complete, add it to any available balance and list it as your Total Income.

Expenses and Summary

Now that the income portion of our budget schedule is complete, we can move onto the expense portion. This is where we begin to see the advantage of the budget schedule over the monthly budget. To begin, take a look at the expenses on your monthly budget and pay close attention to the due date of each expense. You will be assigning each expense in your monthly budget to one of your tables based on when the bill’s due date falls compared to the table’s pay dates. In our example of Peter and Mary, all the expenses from their monthly budget have been placed in the table that best fits the due date and amount due. Take a look:

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