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A Biblical Overview of Finances Look up and comment on the philosophy or principle of finance outlined in the following scriptures: Deuteronomy 8:17-18
Proverbs 11:28
Proverbs 13:11; 14:23
Proverbs 15:16; 16:8
Proverbs 22:7
Proverbs 30:24-25
Phillipians 4:11-13
I Timothy 6:6-10, 17-19 -------------------------------------------------------- Budget Percentage Guidelines The following percentages are simply suggestions to help you determine "target" amounts for a monthly budget. Every family is different and your family budget may vary greatly from the guidelines below and still be an effective budget. Gross Income from all Sources ________ Tithe (10% of Gross) -________ Taxes (approx. 22% of Gross) -________ Net Spendable Income =________ Housing (32%) of Net) ________ Food (15% of Net) +________ Auto (15% of Net) +________ Insurance (5% of Net) +________ Debt Payments (5% of Net) +________ Entertainment/Recreation (7% of Net) +________ Clothing (5% of Net) +________ Savings (5% of Net) +________ Medical (5% of Net) +________ Miscellaneous (6% of Net) +________ Total Expenses +________ --------------------------------------------------------
-------------------------------------------------------- Variable Expense Planning Planning for those expenses which are not paid on a regular monthly basis, by estimating the yearly cost and determining the monthly amount needed to be set aside for that expense. Estimated Cost Per Month 1. VACATION $________/ 12 = $________ 2. DENTIST 1 $________ / 12 = $________ 3. DOCTOR 2 $________ / 12 = $________ 4. AUTOMOBILE 3 $________ / 12 = $________ 5. ANNUAL INSUR.4 $________ / 12 = $________ Life $________ / 12 = $________ Health $________ / 12 = $ ________ Auto $________ / 12 = $________ Home $________ / 12 = $________ 6. CLOTHING 5 $________ / 12 = $________ 7. INVESTMENTS 6 $________ / 12 = $________ 8. OTHER $________ / 12 = $________
-------------------------------------------------------- For Women How much would you have to pay for these items? 1. A quart of motor oil ________ ___ 2. A chassis lubrication ________ ___ 3. A set of shock absorbers ________ ___ 4. A pair of top-of-the-line tires ________ ___ 5. A 20-inch self-propelled lawn mower ________ ___ 6. Fertilizer to cover the lawn ________ ___ 7. A 6-foot aluminum ladder ________ ___ 8. A set of four screwdrivers ________ ___ 9. An adjustable wrench ________ ___ 10. A gallon of latex paint ________ ___ 11. A fiber-glass fishing rod ________ ___ 12. A boy's baseball mitt ________ ___ 13. A man's haircut and style ________ ___ 14. The home heating bill ________ ___ 15. The annual life insurance premiums ________ ___ 16. The annual federal income tax ________ ___ 17. An off-the-rack dress suit ________ ___ 18. A man's casual coat ________ ___ 19. A medium-priced pair of shoes ________ ___ 20. A pair of dress slacks ________ ___ 21. A knit sport shirt ________ ___ 22. The annual membership at a health club ________ ___ 23. Dinner for four at a good restaurant ________ ___ 24. A "business" lunch for two ________ ___ 25. Two tickets to a college football game ________ ___ + Priced too high _____ = Priced about right _____ - Priced too low _____ -------------------------------------------------------- For Men How much would you have to pay for these items? 1. A 10-pound turkey ________ ___ 2. A 5-pound bag of potatoes ________ ___ 3. A chocolate cake mix ________ ___ 4. A chuck roast for six ________ ___ 5. A week's supply of milk ________ ___ 6. A broom ________ ___ 7. A large box of detergent ________ ___ 8. A 2-quart ceramic casserole with lid ________ ___ 9. A set of eight water glasses ________ ___ 10. A set of six steak knives ________ ___ 11. A casual coat ________ ___ 12. A pair of pantyhose ________ ___ 13. A woman's business-type dress suit ________ ___ 14. A woman's swim suit ________ ___ 15. A girl's blouse ________ ___ 16. A pair of kid's jeans ________ ___ 17. A pair of children's shoes ________ ___ 18. A nylon lace half-slip ________ ___ 19. A king-size no-iron bed sheet ________ ___ 20. A machine-washable no-iron tablecloth ________ ___ 21. 4 yards of casual print fabric ________ ___ 22. A pair of steel sewing sheers ________ ___ 23. A pair of bedroom curtains ________ ___ 24. A salon perm ________ ___ 25. A tube of lipstick ________ ___ + Priced too high _____ = Priced about right _____ - Priced too low _____ |
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