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    Why Budgeting Is Not an Option
    Why Budgeting Is Not an Option
    Why Budgeting Is Not an Option
    Ebook100 pages56 minutes

    Why Budgeting Is Not an Option

    By Michael Hutton-Wood

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    About this ebook

    This book answers these questions in detail.

    WHAT IS A BUDGET?
    Simply put, a budget is an itemized summary of likely income and expenses for a given period. It helps you determine whether you can grab that bite to eat or should head home for a bowl of soup.

    HOW IMPORTANT IS BUDGETING?

    Planning and monitoring your budget will help you identify wasteful expenditures, adapt quickly as your financial situation changes, and achieve your financial goals. When you actually see the breakdown of your expenses, you may be surprised by what you find; this process is essential to fully grasp how things can add up. Creating a budget will decrease your stress levels because, with a budget, there are no surprises.
    Unexpected car problems or medical bills? That dream vacation your best friends are planning? With a budget, you don’t have to panic or wonder if you have the money—you already know. This sense of financial clarity is important not only in college but throughout life. So the question is - What kind of life, future, destiny do you intend to build? A Tower or ordinary life. This helps you to budget to determine the kind of future you want to have and your legacy I.e. what you want to leave behind.

    Why BUDGETING? What should you budget?

    There are several good reasons for preparing a financial statement and for budgeting.

    *Budgeting helps to guide and restrain your spending making it easier to control.

    *It keeps you honest and sincere. "A man without decision of character can never be said to belong to himself . . . . He belongs to whatever can make captive of him." — John Foster, Author

    *The reason some don’t like to budget is that it reveals the real truth about their financial state or situation.

    *A budget is only useful if it is accurate and you keep to it by keeping track or records of your expenditure vis-a-vis your income.

    *The main reason for recording your income and expenditure is to determine accurately what you're earning and spending.

    *Budgeting is vital because, without it, it is so easy to fall into debt.

    *Budgeting Enables you to see where and how you can improve your financial position.

    LanguageEnglish
    PublisherMichael Hutton-Wood
    Release dateJan 18, 2022
    ISBN9781912252435
    Why Budgeting Is Not an Option
    Author

    Michael Hutton-Wood

    Michael Hutton-Wood is the Senior Pastor of House of Judah (Praise) Ministries, with a mandate to raise generational leaders to impact nations, President of Michael Hutton-Wood Ministries (The Hutton-Wood World Outreach Ministry), with a strong apostolic mandate to set in order the things that are out of order. He is also the Founder of Generational Leadership Training Institute (The Leaders' Factory) where leaders are developed and released into greatness and the Director of Leaders Factory International, an international leadership training organisation with a driving passion for organising and holding city-wide, nationwide and international conferences and seminars on leadership development, human capacity building and wealth creation. He is also the founder and CEO of the newly founded DEBT-FREE ARMY with a strong apostolic mandate to declare WAR ON DEBT and get the church (body of Christ) out of debt through heavenly-downloaded wisdom, ideas, concepts, strategies, biblically proven principles plus practical common sense practices. He is a leadership coach, mentor, a worship leader, an author, a prolific writer, pastor of pastors, a humorous and sound preacher and teacher of the Word and in great demand as an international conference speaker and motivational speaker. His TV program LEADERSHIP SECRETS airs thrice a week on KICC TV in Europe and Africa. He is married to Bernice, also a minister of the gospel and they are blessed with two grown up children who arealso actively involved in ministry.Hutton-Wood Publications

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      Why Budgeting Is Not an Option - Michael Hutton-Wood

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