All of us have an unlimited number of alternatives to which we can allocate our finances. We have things we would like to do, ministries to which we would like to give, and items we would like to buy, all of which cost money. The problem that the vast majority of us share is that we have a limited amount of financial resources to meet our financial desires. This creates the necessity of using our resources as efficiently as possible. For that, we need a plan.

Step #1: Set Goals

The first step in developing any plan is to set goals. Determine what it is that you want to accomplish. This defines the reason for the very existence of the plan itself. Financial goals should be reasonable, and, very importantly, they should be measurable. If goals are not stated in measurable terms, then they are vague, and it will be difficult to know when they have been accomplished.

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