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Resources: Know how - Managing budgets without stress

2 mins read
You chose to work in the sector because children matter. Then one day you find yourself having to manage money, prepare a budget and behave like a part-time, untrained, unacknowledged accountant. It happens, and you can cope, says PJ White.

1. Stop thinking of financial control as irritating paperwork that is unconnected with the rest of your work. Budgets are a crucial management tool. They make you prioritise. Whatever the size and scale of your project, there is always too much to do, and money is always finite. Budgeting forces you to keep asking fundamental questions about your purpose and strategies, and to be realistic about what is achievable. This is good.

2. Don't be fazed by accountants' jargon, their mystifying software or their strange personal habits. Talk normally to them. Finance officers are people too. Be friendly, don't panic and in time you will get familiar with balance sheets, spreadsheets and vireing.

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