Fijis Methodists are facing a troubling pattern of misusing their funds. They are purchasing items were not supposed to be and others are spending church funds on items they do not need or use. Fijis Methodists face an issue that is serious. It could lead to problems with finances in the future. It is a major issue to Fijis Methodists. They’re often misusing their money. Fijis Methodists have been stealing money from 2017 which was a worrying trend. The most recent financial report of Fijis Methodist Church shows that there were $2 million spent for instances of misuse of funds. This alarming trend illustrates how simple it is to let Methodists to lose money.
There are many ways in which abuse can occur:
The money they have could be used through the purchase of unnecessary products and services they do not need.
What can you do to avoid wasting money?
Insanity, greed, and over spending on unnecessary things are the most common reasons for the misuse of funds. There are a variety of reasons why money can be misused.
It is possible that they can take out loans, however they might not be able to verify the security of the loan
It is possible that they do not cover some of their costs and end up with a huge amount to pay at the close.
What can you do to prevent wasting money
Help stop fraud using your money through these actions:
Make sure you are careful about your cash
Make sure you keep track of your expenditure and settle all outstanding debts as quickly as you can.
Beware of making rash decisions regarding the money you have.
What can you do to prevent wasting money
Make sure you are aware of your investment choices and the steps you’re following. Avoid investing in securities which you don’t know about or have unstable value. These could result in massive loss. Make sure your cash is safe. put it away in a cashier drawer and safe deposit box at home for an emergencies.
Make sure you have your money secure
It is possible to keep your cash secure by storing it in a location that is likely to be accessible or compromised by unknown individuals. It is possible to store your cash such as in an encrypted bank vault or cryptocurrency wallet. Do not leave cash on the street or at ATM machines.
Do not leave your cash unsupervised
If you aren’t sure the beneficiary of your funds to upon your death, or what it’s going to do when it’s held upto the test of time, don’t leave it unsupervised. Instead of placing all your eggs in one basket, spread your investment portfolio and give plenty of time for every account to be reached for any concerns.
Do not store your money in a secure location
It is possible to stop money from being used for ill through these measures: There should be written guidelines and guidelines in place to stop funds that are not authorized from being utilized. Track your travel expenses and make sure that the records are accurate. Do not allow anyone else to take your funds without your permission. It could lead to expensive legal issues in the future.
Keep your records in order
It is important to keep track of each transaction and receipt that is that is related to your travel budget. This can help you detect fraud or abuse. The information you collect can be input into accounting software such as Microsoft Excel or QuickBooks to swiftly check for any irregularities or differences.
Don’t allow anyone else to make use of your money
It is your responsibility to grant permission to anyone who has access to the funds you have used for travel. It could result in costly legal issues later on when they’re misused during the time you’re away on vacation.
Fijis Methodists are facing a troubling pattern of misappropriation of their money. It is important to be cautious in investing, and make sure that your money is properly handled. Making sure that you don’t make a mistake with your money is possible by following the correct policies and procedures. Keep the correct records and make sure that nobody else has access to your money. These suggestions will assist you to prevent financial issues.