Financial Literacy From A Christian Perspective By Sara Hayes

Budgeting can be an effective tool towards healthy financial performance. Budgeting is really efficient because it limits the amount of money a person can use within a specific category. It also helps the person see what is important and what is not such as having a category for house care that has a bigger amount of money than the entertainment category, but at the end, it all boils down to a person's values. Each person has a different value and depending on the person's own unique personality and lifestyle is how his/her budget will look like. Sara Hayes, author of "Financial Literacy from a Christian Perspective", this book was published in 2015 and it explains the basics of budgeting and why budgeting is good. Budgeting, as written in

The secondary claim of the text would be to manage your money and planning for your financial goals. The author argues that before making a budget a person must first determine their values. From those values, a blueprint is made for how a person will use their money in their future this brings forth a financial budget. A financial budget is defined in the text as "a detailed plan allocating your future money for specific purposes" (Hayes 25). By setting up a budget a person determines what he/she will be spending their money in the near future, by first determining the period of time, most people use a month-to-month budget due to the fact that they are paid monthly. Budgeting helps a person recognize that he/she has a limited amount of resources and therefore must invest it wisely, by first separating their needs from their wants. Some expenses can be avoided or could be reduced the amount of money that specific category can have. Other expenses, however, cannot be moved such as the rent payment, the water bill, and so on. These expenses are known as fixed

This argument is then followed up by a series of examples and evidence as to why budgeting is good. Some of this argument is that budgeting is a blueprint for how you're going to use your financial resources in the future. it is a good administrative tool because it makes you think ahead of time. By dividing not only your monthly income but also other sources of money such as $20 that you got from your birthday "Every penny of income, from whatever source, is included in the income section of a budge" (Hayes 28) into different categories to be each spent on something that must be included in the budget. After the monthly income has been established it is important that the net income from that month is determined. The net income is the amount of money the person takes home after taxes, which means that it is the amount of money the person takes and has available for spending. So that the budget will be based on the net income. Other helpful tips such as the different types of categories that are within the budget are described and defined. This argument is directed for people who are interested in budgeting and know nest to nothing of it, it is written for beginners that is why Haynes describes almost every single thing and assumes that the rider has never done a budget before, this is the audience. An article that proves why Haynes’ text is efficient to back up her argument would be the article written