Ch. 4 Creating a budget (Personal Finances).pdf

CREATING A BUDGET

MY FOUNDATION PRINCIPLE

• Live a Balanced Life

FINANCIAL PRINCIPLES AND SKILLS

1. Understand the Purpose of a Budget
2. Set Income and Expense Goals
3. Create a Budget

REPORT (Maximum Time: 25 Minutes)

LAST WEEK'S COMMITMENTS:

Ⓐ Practice and share last week's My Foundation principle.

Ⓑ Track my income and expenses.

Ⓒ Discuss tithes and offerings in my family council.

Ⓓ Contact and support my action partner.

STEP 1: EVALUATE WITH ACTION PARTNER (5 minutes)

Take a few minutes to evaluate your efforts to keep your commitments this week. Use the "Evaluating My Efforts" chart at the beginning of this workbook. Share your evaluation with your partner and discuss with him or her the question below. He or she will then initial where indicated.

✏️ (Please use a separate notes app or paper.)