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Recap of 3/14/10:
1. When it comes to spending:
-we have an obligation to plan - Proverbs 21:5
-we have an obligation to meet our family’s needs - 1 Timothy 5:3-4,8; 2 Thessalonians 3:10-12
-we have an obligation to help believers in need - Romans 12:13; 1 John 3:17,18
-we have an obligation to pay our debt - Psalms 37:21
-we have an obligation to pay taxes - Romans 13:1-2,5-7; Titus 3:1; Matthew 22:15-22
2. Budgeting dos and don’ts
-a budget is simply a plan for what we will do with our money
-it should be simple to understand and administer
-it should include fixed and discretionary costs
-it should be personal to the individual or couple
-it should be the product of prayer, planning, and should be periodically evaluated
-we must keep good records
