You want to save, *perhaps for the family you want to have someday, but how when every penny is gone before you earn it?
You want to have a little money to enjoy but there’s always more month than money!
Yes, budgeting may be easier said than done but with these five simple steps, you can divide and conquer debt, begin saving and have a little money left over to enjoy. It takes discipline mind you, and may seem like you’re crawling toward financial stability but trust me; the end result is well worth the effort!
Step One: Sit down and list your expenses – not just the bills (house, car, utilities, etc) but everything! There are free worksheets and budget planner programs from some of America’s leading financial experts to help you sort out your monthly habits, so don’t let this step overwhelm you. Freebie Finding Mom has some great ones on her blog too! Take your time and be thorough then pick one bill and pay on it faithfully until it is gone then move on to the next.
Step Two-Save: Start small. Figure where you can cut a few pennies or a couple of dollars each payday and put that in a savings account! Don’t have enough to open an account? Place the money in an envelope and hide it or subtract from your checking account balance as “savings” and do your best to forget that money is there. In your mind you should say, “this is for an emergency it is untouchable.”
Step Three: Give some away. You heard me correctly…Give your money away. The Bible teaches that tithing will break the curse off of your finances (see Malachi 3: 8-11). Can’t afford a full ten-percent? Start at the level of your faith and make a commitment to increase as you are increased and remember, God loves a cheerful giver (2 Corinthians 9:7) so determine to give and be happy and grateful that you have something to give–no matter how small your gift may seem. Don’t attend a regular church? Find a charity you trust or just look around and find someone in need. I know many will fault this advice because the Bible teaches the tithe belongs to the church–but I’ve seen God work in numerous lives of folks who, for some reason, do not go to a regular place of worship.
Step Four: Every unexpected blessing (tax refunds, bonuses, extra check in a five-week month) needs to be divided three ways: Giving/Saving/Bills but take a small portion and treat yourself too.
Step Five: Think Prosperity! Be diligent yes, but remember–a positive attitude will get you out of debt quicker than constantly focusing on lack, so relax and enjoy the process. Celebrate each success and forgive yourself when you fail.
These steps may seem insignificant in the overall scheme of things but give it a try and you may find that budgeting is easier than you think.
*In a recent survey, Research Analyst, Michael Brown found that 58% of new parents began saving (an average of $9331.00) to help alleviate the costs of starting their family and found that wasn't near enough! BankRate.com has some interesting facts about this too!
*For more information on refinancing student loans, improving your credit score and saving money, check out this article by Five Year Escape.
Award-winning author, Pamela S. Thibodeaux is the Co-Founder and a lifetime member of Bayou Writers Group in Lake Charles, Louisiana. She has over twenty years experience in bookkeeping, insurance and tax preparation. Multi-published in romantic fiction as well as creative non-fiction, her writing has been tagged as, “Inspirational with an Edge!” ™ and reviewed as “steamier and grittier than the typical Christian novel without decreasing the message.”
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