YOU DO HAVE A BUDGET DON'T YOU??

"A budget tells us what we can't afford, but it doesn't keep us from buying it."

William Feather, 20th century American author.

What Mr. Feather says applies equally well to government budgets as it does to business budgets, and, guess what else.

Your budget.

You do have a budget don't you??

TODAY'S BUDGETING LESSON

"The spendthrift robs his heirs, the miser robs himself."

Jean de la Bruyère (1645-1696) French satiric moralist.

Just because you have funds allocated, unspent, does not mean you should spend them.

Just because you have funds allocated, unspent, does not mean you should not spend them. 

Money that, for good reason, should or should not have been spent, is equally waste.

MORE THAN YOU BORROW IS WHAT YOU WILL OWE

"Do not accustom yourself to consider debt only as an inconvenience. You will find it a calamity."

Samuel Johnson (1709-1784) British author.

You know the saying, "You have to spend money to make money"?

True, but make sure it's your money you're spending.

(And yes I'm talking about you too government.)

WHAT YOU'LL HAVE, NOT ALWAYS WHAT YOU THINK YOU NEED

"Poverty of goods is easily cured; poverty of the mind is irreparable."

Montaigne (1533-1592) French philosopher and essayist.

Good to remember during your next budget exercise.

You'll have what you'll have and no more; no sense wasting time complaining it's not enough.

It is what it is so focus on spending it the best possible way.

REQUEST DENIED

"Although they posses enough, and more than enough, still they yearn for more."

Ovid (BC 43-AD 18) Roman poet

Sounds like Ovid might have been a CFO, reacting to his company's budget requests.

There's only so much, it's never enough; the trick is to allocate what are always limited resources.

How do you do that?

You Can Only Spend What You've Got

"A great fortune in the hands of a fool is a great misfortune."

Unknown

Administer budgets wisely or they'll soon be little to administer at all.