Everyone wants to get a bargain.
Whether you follow money saving blogs or are meticulous about your finances, being cheap isn’t easy in our culture. We try to save in creative ways that seem small but can yield large savings over time.
While saving money is a noble cause, at times being cheap can cost you more money in the long run.
When it comes to ministry, there are many areas that you can fine-tune your annual budget, but sometimes being cheap costs you money.
Quality is typically cheaper than quantity.
For instance, buying a quality computer is cheaper in a four-year period than buying a cheap computer that you have to constantly repair. Buying one quality machine (versus two or three cheaper ones) does carry a bigger up-front cost, but will save you money in the coming years by not replacing it 2-3 times (quantity).
All of us can find these ideologies in our ministries. Here are a few questions to see if you are wasting money by being cheap.
Are You Wasting Ministry Money By Being Cheap?
Will it cost more to repair or replace the broken item?
Does the technology need to be updated because of it’s age and lack of usability?
Is it better to buy one quality item or a cheaper option that may need to be replaced 2-3 times?
Are you wasting valuable time working around a problem instead of fixing it?
Are you putting bandages on a broken arm?
Are your cost-saving ideas causing problems in the future?
Have you planned on the appropriate upkeep for the new building, ministry, or system?
I’m not advocating that you should always buy the most expensive option — we would all be broke if that were the case! But there are some situations where you must weigh what is best for the ministry – quality or quantity.
Leading change in this area can be tough. One of your biggest advocates is to budget appropriately on the front end of your fiscal year.
How can you align your leaders into a quality is better than quantity mindset?