Saturday, March 20, 2010

What in the world is an "outgoing expense" account?

Question #3:  In addition to monthly commitments, you are having to raise an out "outgoing expense" account.  What in the world is that?

Answer #3:  In simple terms, it is all the onetime expenses that we will incur between now and our arrival in Spain.  In a little more elaborate answer, here is a list of some of the expenses that this account will cover:
  • Training before we leave
  • Partnership Development expenses (newsletters, traveling to speak at churches, ...)
  • Airfare (too far to swim)
  • Visa applications
  • Freight - we won't take a lot, but airlines only allow one bag per passenger nowadays, so what we take will have to be shipped
  • Set up costs in Spain - things such as apartment deposits, utility deposits, furnishings, ...
  • Language School - we will be in language school for the first 12 - 18 months
  • First month's salary - we don't get to pull from our monthly commitment funds until we complete our first month on the field
  • A car - we won't get our licenses for awhile, but when we do we will need a way to purchase a car
  • Immunizations and physicals
It is amazing how fast these expenses add up! 

As I type this I begin to dream about what our first apartment in Spain will look like and cannot wait until I get to see it!  Thank you for your support!

No comments:

Post a Comment

Thank you for leaving your comment. To avoid spam comments, all comments are moderated. Your comment will post as soon as I receive it.