5 Tips for Creating Your Nonprofit's First Budget

Create your nonprofit’s first budget. A budget is a must-have tool if you want to raise money for your nonprofit. The problem is, most new nonprofit founders don’t know where to start or what should go in their budgets. First off, there is no perfect model. Your budget needs to match YOUR priorities, not other organization’s. So here are 5 pointers to consider when creating your first official budget:

00:00 Introduction
03:17 Start with your goals
05:05 Use the same set of budget categories
06:54 Use the budget categories line by line to get true costs
09:21 Start with staffing
10:50 Budget by month

Here is the budgeting masterclass I mentioned in the video. It includes 2 templates you can use to create your own budget. Make sure you take lots of notes. This is one you’ll need to watch over and over again and you can work alongside the video when creating your own budget: https://rebrand.ly/budgetreplay

Need help understanding budget categories? Below are examples of categories that might be in your expense budget:

Rent
Utilities
Office Expenses
Transportation
Meals and Expenses
Independent contractors

—The budgeting masterclass has templates that include an example list of categories.

**Consult an accountant for the best list of expenses and revenue that work for your nonprofit

If you need help forming your nonprofit idea, The Before You Start Workbook/Nonprofit Business Bundle is here: https://rebrand.ly/nonprofitbundle

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