Thursday, July 30, 2009

Home Builder: Budgets




Where there is no vision, the people perish: but he that keepeth the law, happy is he.
Proverbs 29:18


1.  Make it black and white
Sit with your spouse and write down every expense (from house payments to laundry).  

2.  Look for the foxes
After seeing your expenses in black and white, also check your bank statement. What were some purchases that could've been avoided?  Are there money pits (eating out, impulse shopping, late fees)?
Catch for us the foxes, the little foxes that ruin the vineyards, our vineyards that are in bloom.  
Song of Solomon 2:15

3.  Set a Goal
No matter how small, start saving.  Set a goal for this savings fund whether it's next year's hs curriculum or a family vacation.  

4.  Work Together
Since you and your husband now have a goal, hold each other accountable. Remember you're one working towards the same goal.  
Plans fail for lack of counsel, but with many advisers they succeed.  
Proverbs 15:22

5.  Review and Revise
At the end of the month, review what worked and what didn't.  Do you handle cash better than using a debit card?  Were your goals realistic?  Were your goals too easy?  Did you forget to factor an expenditure?  How do you handle unexpected bills (car, medical)?  Can you be giving more (consider sponsoring a child, sowing a special seed, or giving a love offering)?
 

2 comments:

  1. Now with me being home full-time it's time once again to review our financials. We pray that the Lord sees our wanting to please HIM with HIS money and gives us the wisdom and knowledge to stretch those $$$$.

    In the name of JESUS!!!!

    ReplyDelete

May the words of my mouth and the meditation of my heart be pleasing in your sight, O LORD, my Rock and my Redeemer. Psalm 19:14