Purpose - The purpose of this paper is to argue that it is important to think strategically when managing a library. Design/methodology/approach - Discusses and gives examples to illustrate why one should manage strategically. Findings - That a library administrator needs to think strategically, especially when managing the budget. Practical implications - This is a very useful source of finding out the fundamentals of each of the basic kinds of budgeting systems. In addition, the article gives many references for finding out more about each of these methods. Originality/value - Hopefully, this article will motivate librarians to create a strategy and to keep it in mind when managing, particularly when dealing with fiscal matters.