Everyone ends up somewhere,
but few people end up somewhere on purpose
Proverbs 29:18
Week 3
SAMPLE HOUSEHOLD BUDGET
WEEKLY AMOUNT BUDGET DESCRIPTION
__________________ Tithe (10 % ) & Offering (?)
________________ Rent / House Pmt. / Ins. / Taxes
________________ Groceries / Household Goods
________________ Auto Payment
________________ Auto – Tags & Insurance
________________ Gas, Oil, Tires, Maintenance
________________ Electric Bill
________________ Water Bill
________________ Gas Bill (Utility)
________________ Phone (Land line / Cell Phone
________________ Garbage Collection
________________ Medical Deductible / Medicine
________________ Children’s Activities
________________ Weekly Fun / Out to Eat
________________ Debt Reduction (Credit Cards)
________________ Savings
________________ Christmas & Birthday Presents
________________ Cable / Satellite TV
________________ Barber / Beauty Shop
________________ Animal Care
________________ Other
1. Write in the combined amount of your tithe and weekly offering would be.
2. Go through the budget and fill in ¼ of the amounts you must allocate each month for “Fixed Expenses”. By setting aside ¼ of the monthly amount each week, the money will be available when the bill arrives.
3. Next, add up what is left of your weekly (bi-weekly, monthly) take home pay, and distribute it into the remaining areas by priority.
· If you run out of money, you may have to go back and readjust the amounts for each category.
4. One of the best methods for protecting your funds I in each category is to have separate envelopes appropriately labeled.
· When you need the cash for that activity, go to the envelope and take out the available money.
· When the money is not available in the specific envelope, resist the temptation to borrow from another envelope.
5. Each time the amount in the Savings Envelope reaches $ 100, put it in an interest bearing account at your bank.