How to Write a Budget for a Grant - With Holly Rustick

This episode, Holly explains how to write a budget for a grant, the math grant writers need to understand, and the different categories to include in a budget.

The budget can seem like the scariest part of writing a grant for people who get into writing grants. Why? Because the typical grant writer considers themselves more of a writer than a mathematician. 

But as a grant writer, you will master both writing and math.

Don’t worry, you don’t need to be CPA or have taken calculus!

Fortunately, a grant budget is very logical and if you follow the right framework it’s actually quite straightforward.

This episode, Holly explains how to write a grant’s budget, the math you need to include in the budget section of a grant, and the best time to write a grant’s budget.

Holly also talks about the different categories to include in a budget, how to write a budget as a narrative, and common mistakes people make in the budget section.

What you’ll learn in this episode:

• Why people become grant writers
• The math grant writers need to do
• How to write a grant’s budget
• When you should write the budget
• How to efficiently write a grant’s narrative
• The different categories to include in a budget
• The benefits of hiring contractors over employees
• How to make your budget balances narrative

Quotables:

• “Grant Writers need to be able to write well and carry out accurate mathematics. You need to know how to do a budget, but the budget is very logical and can include both words and numbers.”
• “Use a US Federal Budget for all of your grants. Use this as your basis, then if you get Federal grants in the future it’ll be easier for your accountant because all of your categories are unified.“
• “What funding sources want to know is can you implement programs and can you manage money. To implement programs you need to be able to properly manage money.”

Resources mentioned in this episode:

• FREE Grant Writing Class
• Grant Writing and Funding
• Ep. 54: The Secret Formula to Unlock Funding for Your Nonprofit!
• Episode 266: Scoring Points in Your Grant Proposal’s Research Section – With Holly Rustick
• Episode 268: Writing Goals for Your Grant Proposal – With Holly Rustick
• Ep. 7: 8 Budget Tips for Award Winning Grants

ABOUT HOLLY RUSTICK

Grant Writing & Funding (GWF) has a Global Movement to Secure $1 Billion in Grant Funding for Good and $30 Million in Grant Writing Businesses by 2030.  Holly Rustick, CEO of GWF, is leading the movement; a world-renowned grant writer with 20+ years of experience, bestselling author, and business coach for new and seasoned grant writers to replace their full-time income writing grants part-time from home through her signature programs: the Freelance Grant Writer Academy and the Grant Professional Mentorship.  

Rustick is the host of the top grant writing podcast “Grant Writing & Funding” and the author of the Bestselling book, The Beginner’s Guide to Grant Writing. With an MA in International Political Economy,  past-president of the Guam Women’s Chamber of Commerce, serving on numerous boards of directors, Holly is also an unapologetic feminist. She lives on the island of Guam with her beautiful daughter, Isabella. 

CONNECT WITH HOLLY RUSTICK 

Website: https://grantwritingandfunding.com/ 

RESOURCES:

• Weekly Newsletter: “Write Grants. Get Paid” - Get thought leadership on grant and freelance grant writing strategies every week in your inbox.  https://grantwritingandfunding.com/
• Freelance Grant Writer Academy: Replace your Full-Time Income Writing Grants Part-Time from Home. https://grantwritingandfunding.com/freelance-grant-writer-academy/
• Grant Professional Mentorship: Double your Monthly Revenue with an Income Stream Outside of Grant Writing. https://grantwritingandfunding.com/mentorship 

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Thanks for listening!

Warmly,

Holly Rustick

Leading the $1 Billion for Good Movement: By 2030, aspiring and seasoned grant writers inside the Freelance Grant Writer Academy & Grant Professional Mentorship will 1) WIN $1 Billion in Grants, and 2) MAKE $30 Million in their Grant Writing Businesses. We are on our way already.