We wanted to line by line explain to you our monthly budget. We do this because we want to live in the light and do all things openly and honestly. We are asking many people to partner with us and therefore want to be as transparent and honest as possible. We want people to know who we are and where their money is going; we believe that is only fair to those who are investing in our ministry. *We are still awaiting final approval on this budget*
Salary: (39%) – $2258.48
- Sustenance: (28.5%) – $1,642.27
- Housing: (2%) – $111.11
- Children’s Education: (8.5%) – $500
Medical Insurance: (17%) – $975.06
Retirement and Taxes: (13%) – $752.79
Ministry Funds: (15%) – $905.55
World Team’s Administrative Fee: (14.5%) – $828.75
Total Monthly Requirement = $5,715.53
Explanation of Categories:
Sustenance: Food, clothes, toiletries, bug spray, etc.
Housing: We are planning on renting a house instead of building one.
Children’s Education: We will be homeschooling our children and this pays for the curriculum. Our mission agency also has a woman who will give us guidance as we home-school. Some of our fees will go towards her services.
Medical Insurance: International health insurance is required by our missions agency. With this we can get medical insurance anywhere in the world and it also includes med-evac-ing us out of our village in emergency situations.
Retirement and Taxes: We pay both employer and employee taxes. We will also be paying taxes to the US and to Cameroon.
Ministry Funds: This is the cost of translation. It will go towards paying our consultants to come check our work, fees associated with printing both materials to help the people read and each book of the Bible that is published. Also includes any payment that would go towards the assistance of national translators/language partners.
World Team’s Administrative Fee: This fee goes to our missions agency which helps us every step along the way. Specifically this covers them helping with our taxes, recruiting and training our future co-workers, administration of our finances, and so on. Without World Team’s help we would have no time to translate because of how much work goes into living in a foreign country.
We hope you found this helpful and are more than happy to answer any questions you may have!