Budgeting (again!)

I love budgeting. I am a full-fledged nerd. I admit it. That’s fine. I am also not broke anymore!!!

I regularly encounter people who do not truly understand what it means to budget. They believe that it is a tool that their spouse uses to control them. They believe that it means they will not be able to have fun anymore. They believe that it will not work. I believe that “they” are wrong! “They” are still broke. I am not anymore. It is because Jenn and I began to budget!

Let me explain what a budget really is.

It is a simple math equation:
INCOME – OUTGO = ZERO

It means that you will NOT spend more than you make:
The equation MUST balance to zero. If it is a negative number, you will be burning through your savings account OR turning to debt.

It is spending your money on paper on purpose BEFORE the month begins:
If you spend your money on paper BEFORE you receive it, you will KNOW the fact that money is limited. You will KNOW that you must reduce your spending in order to avoid debt! You will KNOW that you must reduce your spending in order to pay off debt faster!

It is THE ENABLER for achieving financial peace:
By not overspending your income, you are better able to achieve your family’s goals. You will NOT have to work OT in order to pay your debts. You will NOT have to work a second job to earn enough money to pay off your debts. You WILL be able to focus on your family. You WILL be able to focus on doing exactly what you were made to do! You WILL be able to focus on pursuing life to the fullest INSTEAD of having your joy robbed from you!

I was broke until Jenn and I began to budget.

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