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10 Common Budget Mistakes

As church leaders prepare budgets for the coming year, consider the following list of most common budget preparation errors:

  1. Not allowing enough time to prepare the budget.
  2. Not knowing in advance the expected results of spending money.
  3. Not proving the need to spend more money.
  4. Not providing enough money to do the job right.
  5. Not being specific enough on how money will be spent.
  6. Not properly reviewing budget requests.
  7. Not purchasing quality and reliable equipment.
  8. Not properly forecasting funds available to spend.
  9. Not having realistic expectations.
  10. Not establishing criteria for the appropriate use of church funds.  

Your Church Sept/Oct 2008