Strategic Budget Development for Grants – the S in the GRANTS Formula

Are you struggling with developing a strategic budget for your grants?

Many people find the budget section of grant applications daunting and overwhelming.

However, it doesn’t have to be that way.

Do you know how to develop a strategic budget for your grants?

Money is often a fun thing to talk about, yet so many people cringe when they think of the budget section of the grant. For me, I used to cringe, but now, I find it’s like a puzzle piece that needs to be sorted well – and early – so that the entire grant makes sense.

Today, Holly Rustick is going to show you how to create a strategic budget that you can use for every single grant that you write.

By the end of the resources inside this article, you will have the tools to create an amazing budget. Having a simple and unified budget format could save you hundreds of hours of frustration.

Here’s a quick review of the previous pieces of the G.R.A.N.T.S. Formula:

GGet the FOA or RFP and use it as a template
R – Research needs
A – Articulate goals
N – Narrow your objectives
T – Timetable your activities

Let’s get started with the final letter of the formula today, “S” is for: Strategic Budget for Grants