Making Ends Meet: How to Live on a Denominational Salary . Stephen Bauer School of Religion Departmental Assembly April 25, 2013. Working for the Church. Working for the Church is not the usual strategy to get rich "sacrificial wage scale"
Making Ends Meet: How to Live on a Denominational Salary
School of Religion
April 25, 2013
Electric bill was $1800 per year
Based on budgeting on 24 pay checks per year this is $75 per check you need to budget. (26 checks would be $70 per check [69.23 to be exact])
First, fill in your regular budget items as per your plan
This budget has no categories for clothes, entertainment, etc. It is for conceptual purposes only.
Then, you can put the difference between your budget items and your check in Misc. This is your discretionary money.
Check your accuracy by calculating the sum of columns a given row. Column G does this. Compare Column G with F (master balance) in the same row and they should match.
25% of MONTHY Income ($5550) is $1375, so $1105 is nicely under max allowable budget.