Mastering your Nonprofit's Finances: Budgeting Tips and Mistakes to Avoid

In this concise finance focused episode, Aishat Idris picks up things from where she left them in episode 19 and talks about budgeting tips and common budgeting mistakes to avoid. She emphasizes the use of technology, prioritizing spending, involving the whole team, and reviewing the budget periodically.

Aishat rounds the discussion up with a reminder of the key discussion points.

Tune in, to complete the insights from episode 19.

KEY TAKEAWAYS

• Use technology to automate budgeting processes.
• Prioritize spending on essential program-related activities.
• Involve the whole team in budget creation.
• Review the budget periodically to identify variances.
• Pay attention to cash flow and plan for potential shortages.

BEST MOMENTS

" … cash flow is equally as important, if  ...