Budget is a plan that helps
balance your spendable income in
your spending. It could be your monthly, quarterly or yearly
income.
It is sad to note that most women don't know that they are the
administrator of the home, and a lot of responsibilities are on
their shoulder. The husband is out there to make money and the
wife is there also to support with whatever her income is. The
day to day running of the home affairs, and to ensure that your
income and that of your husband is enough to run the home is 90%
in your hands.
This article on budgeting in the home is timely, because most
women are fallen into serious problem in their home and their
marriages. Budget discipline you not to spend above your
spendable income, remember, you are not expected to spend all
your income on materialism. So budgeting determines how much you
spend and on what you spend the money on.
The amount available for you to spend is called spendable
income, so your monthly, quarterly or yearly budget should
center on this spendable income, e.g. If your monthly income is
$30,000.00, your tax is $1,500, your tithe is $3,000, saving for
the month is $1,500, debt repayment is $1,500, so your spendable
income is $22,500, you are now expected to prepare your budget
on $22,500 under the following categories, food, light bill,
water bill, telephone bill, school fees, entertainment, fuel and
car maintenance, gifts, holidaying, etc. Clothes, jewelries,
shoes are not what you buy monthly.
As a virtuous woman, you know you cannot afford to live beyond
your means. You should cut down the cost of your lifestyle,
remember that budgeting is to guide you in your spending so that
there can be enough to run the home.
Aims of Budgeting
1. To ensure that your spending is not greater than your income.
2. To keep you away from debt. 3. To avoid establishing a
lifestyle far beyond your ability to pay. 4. Your husband, just
like the husband of the virtuous woman in Prov. 31:28 Her
children arise up, and call her blessed; her husband also, and
he praiseth her.: will be happy knowing that you the mother of
the home is managing the family income well. 5. To prevent
tension as a result of not being able to take care of the family
needs. The bible said in 1 Timothy 5:8. But if any provide not
for his own, and specially for those of his own house, he hath
denied the faith, and is worse than an infidel.
Woman, I advice you to always spend wisely and teach your
children to do the same. A waster can never fulfill purpose. God
bless you.
By Becky Efetobor is a Stock Analyst and Investor. Visit:
http://purposewoman.blogspot.com for more
information.
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