If you eat out too often, you’ll soon find that you don’t have money for things you need. The challenges you have doing home finances are similar to the difficulties a church experiences on a larger scale. Creating a church budget protects essential ministries. The longer you keep track of the money coming in and out, the easier creating accurate budgets will be in the future. The truth is that your budget is only going to be as good as your financial awareness. To say that church budgeting is keeping track of the money coming in and the money going out seems glaringly apparent. A church budget tracks the money being spent. What months or services tend to have the most extensive offerings? What are your leanest months? 2. A church budget tracks the money coming in.īefore you can allocate your church fund, you need to have a good handle on your church’s spending and how it comes in. Make sure each program gets the financial support it needs by analyzing and planning your spending.Ī church budget is a straightforward document when you think about it like this: 1. Without a budget, it’s easier to overlook neglected ministries that could use more financial support. By maintaining a smart church budget, you can keep track of where all your money is going and make sure it’s being spent the best way. The money coming into your church is given by faithful people wanting to serve God and build his kingdom. In this post, we’re going to talk through why you need a church budget, how to create a budget, tools to make your budget more predictable, PLUS we’ll share a free downloadable budget template to help you get started. So how can you create a smart church budget for 2023? Many churches are facing hard decisions going into the new year. Moreover, this year brought a world-wide pandemic that has majorly changed the way churches function. Your giving may fluctuate depending on the time of year, adding an extra hurdle. It is a big task, and the fact that the church is funded by its members’ generosity makes planning more difficult. Sitting down to create a thoughtful budget isn’t everyone’s cup of tea.
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