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    Why Budgeting Is Not an Option
    Why Budgeting Is Not an Option
    Why Budgeting Is Not an Option
    Ebook100 pages56 minutes

    Why Budgeting Is Not an Option

    By Michael Hutton-Wood

    ()

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    About this ebook

    This book answers these questions in detail.

    WHAT IS A BUDGET?
    Simply put, a budget is an itemized summary of likely income and expenses for a given period. It helps you determine whether you can grab that bite to eat or should head home for a bowl of soup.

    HOW IMPORTANT IS BUDGETING?

    Planning and monitoring your budget will help you identify wasteful expenditures, adapt quickly as your financial situation changes, and achieve your financial goals. When you actually see the breakdown of your expenses, you may be surprised by what you find; this process is essential to fully grasp how things can add up. Creating a budget will decrease your stress levels because, with a budget, there are no surprises.
    Unexpected car problems or medical bills? That dream vacation your best friends are planning? With a budget, you don’t have to panic or wonder if you have the money—you already know. This sense of financial clarity is important not only in college but throughout life. So the question is - What kind of life, future, destiny do you intend to build? A Tower or ordinary life. This helps you to budget to determine the kind of future you want to have and your legacy I.e. what you want to leave behind.

    Why BUDGETING? What should you budget?

    There are several good reasons for preparing a financial statement and for budgeting.

    *Budgeting helps to guide and restrain your spending making it easier to control.

    *It keeps you honest and sincere. "A man without decision of character can never be said to belong to himself . . . . He belongs to whatever can make captive of him." — John Foster, Author

    *The reason some don’t like to budget is that it reveals the real truth about their financial state or situation.

    *A budget is only useful if it is accurate and you keep to it by keeping track or records of your expenditure vis-a-vis your income.

    *The main reason for recording your income and expenditure is to determine accurately what you're earning and spending.

    *Budgeting is vital because, without it, it is so easy to fall into debt.

    *Budgeting Enables you to see where and how you can improve your financial position.

    LanguageEnglish
    PublisherMichael Hutton-Wood
    Release dateJan 18, 2022
    ISBN9781912252435
    Why Budgeting Is Not an Option
    Author

    Michael Hutton-Wood

    Michael Hutton-Wood is the Senior Pastor of House of Judah (Praise) Ministries, with a mandate to raise generational leaders to impact nations, President of Michael Hutton-Wood Ministries (The Hutton-Wood World Outreach Ministry), with a strong apostolic mandate to set in order the things that are out of order. He is also the Founder of Generational Leadership Training Institute (The Leaders' Factory) where leaders are developed and released into greatness and the Director of Leaders Factory International, an international leadership training organisation with a driving passion for organising and holding city-wide, nationwide and international conferences and seminars on leadership development, human capacity building and wealth creation. He is also the founder and CEO of the newly founded DEBT-FREE ARMY with a strong apostolic mandate to declare WAR ON DEBT and get the church (body of Christ) out of debt through heavenly-downloaded wisdom, ideas, concepts, strategies, biblically proven principles plus practical common sense practices. He is a leadership coach, mentor, a worship leader, an author, a prolific writer, pastor of pastors, a humorous and sound preacher and teacher of the Word and in great demand as an international conference speaker and motivational speaker. His TV program LEADERSHIP SECRETS airs thrice a week on KICC TV in Europe and Africa. He is married to Bernice, also a minister of the gospel and they are blessed with two grown up children who arealso actively involved in ministry.Hutton-Wood Publications

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      Book preview

      Why Budgeting Is Not an Option - Michael Hutton-Wood

      WHY BUDGETING IS NOT AN OPTION

      ISBN: 978-1-912252-42-8 Paperback

      ISBN: 978-1-912252-43-5 Ebook

      Copyright © November 2019 by Michael Hutton-Wood Hutton-Wood Publications

      Unless otherwise indicated, all scriptural references are taken from the King James Version of the Bible. All rights reserved under international

      copyright law. Written permission must be secured from the publisher to use or reproduce any part of this book with the exception of brief excerpts in magazines, articles, reviews, etc.

      Published & Distributed by:

      Hutton-Wood Publications

      In the UK write to:

      Michael Hutton-Wood Ministries

      1st Floor, 387 London Road, Croydon. CR0 3PB

      Or Call: 020 8689 6010 / 079 568 15714

      Outside the UK, Call: +44 20 8689 6010 / +44 7956 815 714

      Visit our websites:

      michaelhutton-wood.org

      E-mail: [email protected] [email protected] [email protected]

      Facebook: Michael Hutton-Wood

      Twitter: @Huttonwood1

      Designed by:

      Indes Procom Ltd

      +233 264 881 018

      www.indesprocom.com

      Printed:

      In the United Kingdom HWP

      A SPECIAL NOTICE/DISCLAIMER FROM THE AUTHOR

      Despite our good intentions to leave the contents of this book to common sense, good ethics and everyone taking full responsibility for their actions after they have read and digested the information In this book, the experts however say it’s better to put proper disclaimers in place when dealing with this subject.

      Based on that advice, I issue the following notice:

      ALL RIGHTS RESERVED: No part of this material may be used, reproduced or transmitted in any form and by any means whatsoever including without limitation photocopying, recording or other electronic or mechanical methods or by any information storage and retrieval system, without the prior written permission from the author, except for brief excerpts in a review and other channels as indicated earlier on the copyright page.

      SPECIAL NOTICE/DISCLAIMER

      The INFORMATION in this book is given in accordance with the following statement written below.

      DISCLAIMER: This and other books by Dr. Michael Hutton- Wood especially on MONEY and FINANCIAL MATTERS are Debt-Free Living, financial literacy tools and campaign materials intended to provide you with general, practical, lay advice on wise, prudent and smart ways and means of budgeting, financial

      planning, financial management in your quest to overcoming poverty, winning the war on debt, attaining your financial freedom, financial independence and becoming totally debt-free not living from pay-cheque to pay-cheque any more.

      Having said that, however, this book is not intended as a substitute for sound legal, financial and accounting advice from your Attorney, Solicitor or Financial advisor. Always seek professional counsel and advice in addition to the contents and suggestions in this book before making drastic, dramatic changes pertaining to your financial situation. Always read and understand the small print in all financial agreements before appending your signature to them.

      No investment, tax, legal or insurance advice is intended or given in this book. Investment decisions are subject to certain risk factors that may not be discussed completely or at all in this book and so must be investigated thoroughly by the reader. Your investment decisions and strategies should be determined solely by you in the exercise of your own judgment based on your unique investment objectives and financial circumstances.

      If you need professional advice, you should consult and seek advice from the appropriate licensed professionals and advisors. Neither the author, nor the publishers i.e. Hutton-Wood publications provide any legal or other professional advice.

      This book does not by itself alone provide the complete information on the subject matter covered but covers more than enough to get you started on the highway to financial freedom. This book is not intended to address specific requirements either

      for an individual or an organisation but is intended to be used as a general guide; not as the sole source of information on the subject matter.

      The author and publisher shall have no liability or responsibility to any person or entity and hereby disclaim all liability, including without limitation liability for consequential damages regarding any claim, loss or damage that may be incurred or alleged to have been incurred directly or indirectly, arising out of the information provided in this book.

      The information presented herein contains biblically and practically proven principles plus practical common sense practices that have worked in the lives of both the author and many others and represents the proven views of the author as of the date of publication. Because of the progressive nature of scriptural and biblical revelation and the rate with which conditions change, the author reserves the right to alter and/or update this information based on new revelation, illumination, insight and certain prevalent conditions but in the same vein, the author is not obligated to update this information.

      Anything written in this book that contains the views of others has either been submitted to the author (or Hutton-Wood publications) or found on the Internet and published as a fair use. Any views expressed in this book by 3rd party authors or contributors are solely those of 3rd party authors and contributors and do not in any way reflect the views of the author or Hutton- Wood publications. This book is solely a provider of useful

      self-help information and hereby disclaims all liability for any damages or injury or other harm arising from this book through misapplication. The author and Hutton-Wood publications are not obligated to update any information attributable to 3rd party authors or contributors.

      Greatest Gift

      Other Books by the Author

      Partnering with a global ministry within a ministry

      To:

      ‘...Set In Order The Things That Are Out Of Order And Raise And Appoint Leaders In Every City.’

      - Titus 1:5

      Michael Hutton-Wood Ministries

      Releasing Potential

      - Maximizing Destiny

      House Of Judah (Praise) Ministries

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      Leaders Factory International

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