Go Forth and Budget

Having been a ‘budget-guy’ my entire professional life, I have promoted the concept of ‘Just-Enough Budgeting‘. Use only enough planning to achieve the maximum value from the planning [1]. Developing financial plans are expensive, challenging to maintain and may run counter to the well-being of an organization [2].

Vienna Sculpture of the family.
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Where’$ My Money

A dark ‘game’ used in select Financial Literacy circumstances to teach how compounding interest works as well as the value of paying down debt.

Example of a Loan and the Interest and payments made. Note that even after the hard work of this family, they had barely paid off $58 of the original $5,000 loan made to them as a result of a high rate and compounding interest.
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What is This Budget-Thing You Speak Of?

I recall sitting in a board meeting for a non-profit I was involved with years ago and the budget process came up. Specifically the word ‘budget’ meant to different things to different board members.

A 2x2 matrix using the axes of Openness and Authority/Standards
Openness X Authority Matrix
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