Budgeting

The Spending Side of Stewardship: How Are You Doing?

During the Great Recession, many ministries experienced an unfamiliar reality: dramatic income declines. Those that didn’t respond by quickly cutting expenses learned some key stewardship lessons the hard way. One was that it’s much easier to stay on mission when you build a healthy budget and stick to it. Do you wisely plan and diligently monitor your spending? Here are some tips to help you stay on track. [read more]

Category: Ministry Matters

Is Your Budget Ready for Summer?

Every season presents unique budget challenges. Decreased giving is a common one when summer hits. The issues that accompany an ill-equipped budget can be acute. For example, what if your air conditioning system fails during a hot spell and you haven’t maintained a facilities maintenance reserve fund to cover that expense? Summer is just a month away. How do you know if your budget will be ready when it arrives? [read more]

Category: Ministry Matters

11 Steps to Basic Budgeting

Cold sweat. Racing heartbeat. Clammy hands. For some ministry leaders – maybe even you – this is their reaction to hearing the word, “budget.” [read more]

Category: Ministry Matters

Are You Prepared to Manage Increased Year-end Cash Flow?

If your ministry is one of the many that sees a giving spike at year-end, this is a question you must be able to answer in the affirmative. [read more]

Category: Ministry Matters

Are You Thinking Strategically about the Season of Giving?

Whether your fiscal year runs from January 1 to December 31 or July 1 to June 30, chances are your financial picture as the holidays approach has turned out differently than you expected. [read more]

Category: Ministry Matters

It’s Not too Late to Prepare for Summer Expenses

When summer comes, it can bring some budget-busting seasonal expenses with it. [read more]

Category: Missionary Minded