⭐ A Simple Way to Decrease Expenses for Your NonProfit – Part 2 ⭐

I sometimes listen to Dave Ramsey, the radio personality that provides personal financial advice.  One tip he provides is that you can give yourself a 10% raise by putting together a budget. 🤑

This is because putting together a budget forces you to look at your personal spending and you pretty quickly began identifying ways to decrease expenses and increase income.

✏️ The same is also true for your nonprofit.  When you put together a budget, you are forced to review prior spending.  In many cases, you see areas in which you’ve been overspending.  It is often in the small areas such as food, late fees, memberships you forgot you signed up for, etc.

✏️ Once you put together a budget, you will begin to be more mindful of what you are spending money on and make an effort to stay within the boundaries of your budget for each category.

✏️ If you do not have a budget, you can start by putting one together for next month.  It does not have to be elaborate, as long as you have something. 🙂 You can then graduate by putting a six month and one year budget together.

#nonprofit #budget