Thursday, February 18, 2010

Overflow & Abundance part 1

Over the next few days, I’ll be talking a little bit about Overflow & Abundance that comes from a Closed Circle Budget. Please read on . . .

Our Closed Circle answers the very important question “How much is enough?” The closed circle is broken down into 3 categories; obligations, necessities and wants. Once we have determined our closed circle, we now compare it to our income. If our income is less than our closed circle than adjustments need to be made. We either need more inflow of income or we need to decrease items in our closed circle.

- Michael Lepitre

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