Does Budgeting really Work?

Tuesday, July 20, 2010 - 06:07, by Dipo Tepede

41942696 Ac7de727a7 MIn Project Management, budgeting is central to all operations; everything thing is reviewed under a particular baseline but in reality, nothing really goes according to budget – something somewhere comes to shatter our perfect plan. Then why is budgeting still preached in all economic life endeavors? The only thing that comes to mind is that we want to feel safe about the future – control gives us a sense of peace. We know the future is unpredictable but we choose to predict it.

The concept of randomness in the subject of the Holy Spirit gives us an understanding of a true Christian. A man born of the Spirit is unpredictable (see John 3:8); this means your spending is not based on a piece of cooked-up plan but on a leading of an intangible force. This last statement will not seat right with the carnal mind because it's definitely not logical. Is there a framework or a borderline to this randomness? Yes, that must be YOU because the spirit of the Prophet is subject to him.

3841677517 3d461b6a59 MPersonal Finance is a very difficult thing to preach with varying ideas from varying gurus; «do not spend above your means» is a concurred platform amongst these gurus. «If you spend more than you earn, you are likely to burn». Despite the fact that it makes sense, I am yet to see an extraordinary success that follows this rule. Suddenly, I realized that it was not about spending more than you earn but it was about spending on your core competence.

Two stories in the bible illustrates this point; King Solomon did an extraordinary thing by sacrificing a thousand burnt offering and God was so moved that God gave him a blank check (1 King 3:3); another story worth mentioning is the woman

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Dipo Tepede

He likes to blog about entrepreneurship, personal finance and relationships. He also publishes parts of his novel as he writes it.

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