Daily Devotion

Basics Of Budgeting

There are certain basic things when it comes to money that we must master. One of such things is budgeting. You can’t get into serious finances if you can’t discipline yourself according to a budget. You need a personal budget, a business budget, a family budget and whatever else you spend on. Your budget should include your income sources and the items of your expenditure. Those that don’t have a budget simply spend in the heat of the moment driven by instinct or responding to the pressures around them. Your budget is your guide and blueprint. Your income determines what you can spend on. Your expenditure is restricted to the items on your budget.

The prodigal son in Luke 15 had a windfall of a fortune in one day. He then went on a spending spree that only ended after his last dime was spent. If he had a budget, he would have kept his money much longer than he did. Budgeting means you are serious about every dime you have and you’re going to get the most out of it. Failing to budget means you are either unaware of its benefits or you’re satisfied to just make important financial decisions on the go. Every long-term multimillionaire subjects themselves to a comprehensive budget. You should then do the same.

SCRIPTURE READING LUKE 15:11-17

Then Jesus said, “A man had two sons. The younger one told his father, ‘Father, give me my share of the estate.’ So the father divided his property between them. A few days later, the younger son gathered everything he owned and traveled to a distant country. There he wasted it all on wild living. After he had spent everything, a severe famine took place throughout that country, and he began to be in need. So he went out to work for one of the citizens of that country, who sent him into his fields to feed pigs. No one would give him anything, even though he would gladly have filled himself with the husks the pigs were eating. “Then he came to his senses and said, ‘How many of my father’s hired men have more food than they can eat, and here I am starving to death!

DEDICATION PRAYER

Dear God, thank you for your blessings upon my life. Grant me wisdom to plan and budget for what you give me. May I subject myself to a frugal budget that I may be blessed with the season of life. In Jesus’ name Amen.

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