“As it is written: “He has dispersed abroad, He has given to the poor; His righteousness endures forever.” Now may He who supplies seed to the sower, and bread for food, supply and multiply the seed you have sown and increase the fruits of your righteousness, while you are enriched in everything for all liberality, which causes thanksgiving through us to God”. (2 Corinthians 9:9-11)
The idea of putting on paper either your existing financial situation, or your desired future, can be fearful; yet this is the only way you can properly plan. Guestimating is a good place to start, but when you’re praying and planning for provision you must know exactly what you are spending each month today in order to do any future planning. Your current cash flow requirements are also necessary to be able to make informed decisions about your immediate spending, investing and financing. The exercise of gathering this information is not to judge the spending; rather it is simply research required to help you become more informed and more in control.
How? Start by gathering the receipts of existing expenses; then write them down and categorize them. With this information you can consider whether the current expense is aligned with your life purpose and whether it’s adequate for fulfilling your vision. This information will help you to create a cash flow model of your current and desired sustainable financial situation because it will tell you how much income is necessary to fulfill the spending requirements. How much you plan to spend is the first step in financial planning – not how much you currently have and how you can allocate that fixed amount to meet goals that seem realistic based on what you can see from your current financial numbers.