Here we go again…
The last few weeks have stirred old fears and created some new ones about the ongoing outlook for our economy. The S&P downgrade of U.S. government debt and the ensuing market reaction have heightened concern that we may be in for a double dip or that the growth of the economy could stall in the foreseeable future. It looks like we are in for a long, slow recovery, perhaps longer and slower than once hoped, with unemployment not expected to drop below 8% before 2013.
So what is the one thing your church can work on now to be better prepared for whatever the economy holds in the coming year?
Budgeting is always important, but the frequent monitoring and updating of that budget is now more important than ever. Now is the right time to start involving your financial team in budget discussions to ensure that your money is enabling your mission. Stewardship will be increasingly important—clear, frequent, communication on ministry finances and impact will be crucial to sustainability.
With this in mind, there’s a webinar being held September 20 that may help if you’re looking to build and use a better budget.