So I figure there will be enough questions about finances to merit creating a new post…
My main question is this: Once we reach our 60% required, if we don’t have enough pledges to cover the remaining cost of the trip, when do we need to send the rest of the money in? The reason I ask, is because some people might want to send in money after I leave and we want to know where the money goes..towards my account or the general fund?
Basically I don’t understand when the total support needs to be raised by: is it by the time we leave, or by the end of the trip?
I have lately become pretty confused as well regarding the funds..mostly because I’m just plain horrible with numbers.
1) The 60% of $8,450.00 was after you took out the amount for the plane tickets right? If so, that would make it 60% of $6,450.00??
2) I thought I read somewhere that the other 40% has to be in monthly pledges. Is that true, and if so, why?
3) I have $2,065.00 in my acct (after the tickets) and my church just commited to giving me $300/month from September-May. So, would that count towards the 60% or the 40%? And where would that put me financially right now?
I’m sorry for all the questions Dave but I’m so confused and I really want to be able to explain this to people.
Wait, where’s the $8,450 coming from? I thought it was $6,995 plus air, or is that including air?
Here’s the breakdown:
Plane ticket: $1,980 – paid for and taken out of your account already.
Trip cost: $6,950
60% of trip cost: $4,170
Your account balance needs to show $4,170 by Sept. 8 in order to go. The other 40% needs to be in pledges, showing you have your trip covered. If you don’t have the $4,170 in your account but have it in pledges, we will need to see a list of who the donors are and what they’ve pledged.
Dave….I’ll try to give this one a stab…please correct me later if i’m wrong.
Matthew… It’s suggested that 60% of your funds be in and 40% in pledges…. If people want to continue to give after you’re gone that’s fine. They’ll have to give to YOUR account…if they give to the general fund…you won’t see it.
Beth… 1) let’s crunch the numbers. 6995 for the trip, 1980 for the ticket….total cost of trip is$8975… you tickets are ALREADY bought… so you just need to raise 60% of 6995. which means a week be4 we leave you should have $4197 already IN you account.
2) yes…at LEAST 40% should be in pledges… this way you ALREADY know in advance that people have committed to support you. It’s SOOOO hard to raise support when you’re out on the field… so it’s BEST that we get it all out the way.
3) the churches money would be part of your 40%. 6995 bucks. 4197 in your account and 2798 in pledges. your church should have you covered in pledges. As far as where you stand… call ppl…call everyone you know and get sum support.
If we’re CLOSE to our goals…i doubt AIM will keep us from going. those deadlines are just suggestions on where we SHOULD be. I mean obviously if we need 60% in our accnt be4 we leave and sum1 only has 10%…that’s a big problem.
Bri- Yes..6995 plus airfare. your airfare is alreayd paid for so just worry abt the 6995.
nvm dave …u beta me to it
Thank you Dave and Davie!