(Income expenses = savings, most people in the Western World)
Good Financial Planning Formula: I S = E (Income less a regular, systematic/automatic savings and whats left over you spend. These folks usually do quite well over time.
Better Financial Planning Formula: I T/S = E
( Income, less your tithe, less an automatic savings deduction thats at least equal to your tithe, then the rest for expenses (few folks tithe, recent study of Southern US Pastors that tithe? Less than 3% of Pastors tithe!!)
Best Financial Planning Formula
I T/S/AGO = E (N.0.W.)
Income less, tithe, less savings, less A = almsgiving, G= gifts and ) = offerings, that the Spirit has put on your heart to release into the Kingdom/World, then you spend based on a prayed through, checked and counseled, needs, obligations and wants expenditures.
http://www.usdebtclock.org/
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