Importance of Budgeting in a Home

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, 90% of the responsibility is in your hands.


This article on budgeting in the home is timely, because most women have fallen into serious problem in their home and their marriages.the art of budgeting instils in 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 simple pattern, 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 theaim of 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.



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