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Tony Morgan
Founder & Chief Strategic Officer | The Unstuck GroupShow Me the Money: The Difference Between Wise and Foolish Budgeting
Published June 25, 2018TOPICS IN THIS ARTICLE
Decision-MakingLeading OrganizationsResource AllocationThere are generally two types of organizations when it comes to how they manage their money.
The first group looks at what came in last year and then adds a percentage of how much more they hope to receive in the coming year. They view that additional percentage as the “faith” portion of their budget.
There are other organizations that begin in the same place. They first look at what came in last year, but they subtract a percentage from what they expect to receive in the coming year. They would argue that the entire budget requires faith.
Obviously, these are two extremes, and there are also many organizations that are somewhere on the spectrum in-between.
These two approaches to managing money lead to two very different outcomes.
For that reason, I’d place the first organization in the “foolish” category when it comes to stewardship of financial resources, and I’d consider the second group to be “wise” in their approach.
Here are some examples of the trends that distinguish the two:
I want organizations to be wiser with their financial resources, because it creates opportunities for generosity—including investments in new initiatives that the foolish will never be able to afford.
In which direction does your organization lean?
The following questions might help you diagnose your tendency:
If you answered no to any of these questions, it may be time to revisit whether or not you are wisely stewarding your financial resources.
This article was originally posted on Tony Morgan’s website.
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About the Author(s)
Tony Morgan
Founder & Chief Strategic OfficerThe Unstuck Group
Tony Morgan is founder and chief strategic officer of The Unstuck Group, a company that helps churches get unstuck through consulting and coaching experiences designed to focus vision, strategy and action. For 14 years, Tony served on the senior leadership teams at West Ridge Church in Dallas, Georgia, NewSpring Church in South Carolina and Granger Community Church in Indiana. To learn more, check out Tony’s Unstuck Church Assessmentand his new book, The Unstuck Church: Equipping Churches to Experience Sustained Health that unpacks each phase of the typical church life cycle.