There is a misconception that budgets are only for people who have enough money to meet all their obligations. That simply is not true. Everyone needs a money plan. If one dollar enters a household, there must be a written plan as to what to do with it.
Even a family receiving welfare and unemployment benefits needs to create a written budget for those benefits.
- How much is going toward mortgage and rent?
- How much is going to gasoline?
- How much can be sent to the electric company?
- Of the food stamps, how much will we spend per week?
- How much DOES it cost to feed our family?
The most important result of budgeting, even when funds are poverty-low, is that a habit of money accountability begins to be set in place, and that is a habit that sets a person up for success when cash flow increases, even by just a little bit.
There is no valid excuse to avoid counting blessings, no matter how few they appear to be. God enlarges the talent of those whom He can trust with a little.
"And he said unto him, Well, thou good servant: because thou hast been faithful in a very little, have thou authority over ten cities."