Pay Up Pay Often and Know What Your Spending is For

By February 28, 2014 Uncategorized No Comments

The accounts to which we pay money in strata is a matter of confusion. Like a Catholic church, in strata management there are two collections.

The Catholics cannily worked out long ago two collections are better than one. Giving in smaller more frequent parcels apparently doesn’t hurt as much and as a result we are inclined to give more in overall terms. The first collection for the Catholics is for the administration of the parish and the second is for the priests of the diocese (or is it the other way around?).

Apart from being good at collecting money, Catholics are also good at property. Look at the top of the best hill in any town or city and you will be sure to see a Catholic school, church or hospital. Those in strata could learn a thing or two from the Catholics about money and property; pay up, pay often and be clear about what the money is for and how it’s going to be spent.

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