Posted by mjb

Budget

Budgeting isn’t always easy, but with the right tools, it can be quick, easy, and painless. From the beginning of the planning process, plan your budget carefully. It’s important to watch your expenses and the funds you have available through sponsorship or fundraising.

Here are some basic steps to preparing a budget:

1. Assess your needs: Determine what funding you need.
2. Recognize what you have: List funding and other resources you have from grants, gifts, and donations, etc.
3. Create categories: Separate costs by category (e.g., supplies, foods/beverages, printed goods, communication costs, volunteer recognition items, etc.).
4. Stick to your budget: Track your income and expenses based on the categories. If your budget starts getting off track, try to figure out where you are over-spending (or under-spending) and adjust accordingly.

Available to download is an example budget worksheet.

Back to On Campus: Getting Started.