How To Build a Budget

Bountiful: The Heart of Money Management

Budgets are for everybody. While a budget may look different from person to person, everyone can reap the benefits of having an outlined spending plan.
In this episode, we talk about what a budget is, the importance of budgets, and then how to make a personal financial budget for you and your household.
A budget is a written plan that shows your anticipated income and your anticipated expenses and outlines how you can reach your financial goals. Budgets may feel restrictive, but they’re really empowering. They can help us prepare for emergencies, reduce financial stress, and have confidence in our ability to pay our bills and reduce our debts. Budgets also provide an objective measuring stick, and provide insight into our stewardship of God’s material blessings with which we’ve been entrusted.
Listen to this episode to hear more and learn the nuts and bolts of building your own budget.

Episode Resources

• https://www.thepennyhoarder.com/budgeting/budgeting-statistics/
• https://www.thepennyhoarder.com/budgeting/budgeting-tips/
• https://dfr.oregon.gov/financial/manage/pages/budget.aspx
• https://www.thebalancemoney.com/how-to-make-a-budget-1289587#:~:text=Track%20expenses%20regularly,income%20or%20expenses%20have%20changed
• https://consumer.gov/managing-your-money/making-budget
• https://www.biblemoneymatters.com/avoid-the-distractions-and-keep-your-focus-on-your-goals-or-youll-end-up-with-empty-pockets/

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