<<planning in advance>>
It is sound management or common-sense planning based on the past and projected into the future, whether applied to finances, time or any other resource that requires good stewardship. Budgeting need not be restrictive, rather it should be a tool to help you reach your dreams by enabling the wise allocation of resources so you are not stretched too thin. It also provides a gauge to measure performance and progress.
It is a wise exercise to work out the logics first before committing to any undertaking (Lk 14:31). It will save much embarrassment and heartache if, in advance, the situation is looked at rationally, not from an emotional or natural desire angle. Budgeting empowers through allowing you to be in control, by anticipating and being prepared enabling wise choices to be made.
Do I need this? Can I afford it?
Bible counsels, “Godliness with contentment is great gain” (1 Tim 6:6). Self-control or discipline is an attribute of the Holy Spirit that
should be evident
in our lives and underlies budgeting (Gal 5:22,23).