Article: Needs vs. Wants

Have you ever thought about what you would most like to buy when you earn money? List the items here

At some stage in your life you will have to make decisions on how to manage your hard-earned income. You will have to balance your spending and income. In your ministry life, this is going to be crucial since you need to know what is coming in to your financial reserves and what is being used from your financial reserves. This is called "budgeting." 

Drawing up a budget will help you make decisions. 

You will have a list of needs and wants. Make a list of these, grouping them under the two headings "Needs" and "Wants" in the table below. Try to put the most important ones at the top of the lists! See if you can explain to a friend how you arrived at what you think are needs and what are only wants.