Budget…and other four letter words.

Aaaaah… “budget.”

The very word conjures up images of fun and relaxation, right? Budget actually is a beautiful word, because it holds the promise of freedom, peace, and security. It is derived from the latin word bulga which meant pouch or knapsack and for hundreds of years was used to mean a wallet or bag, typically made of leather (there you go ladies, whenever you cringe at the word budget, just picture a new purse from Coach).

Sadly, for most people, “budgeting” is right up there with “exercise” and “dieting,” more along the lines of discipline than delight. It’s something we all know we should do, but ultimately find a reason not to. Some even consider it to be another four letter word.

What these people fail to consider though, is that not all four letter words are bad. Take for example the words Free and Life. Because when you’re free of debt, you’re free to start living your life on your terms and not someone else’s terms. And a budget is absolutely essential to helping you get there.

Don’t get me wrong, I’m not passionate about budgeting because I’m weird (although I do have an odd love for spreadsheets). I’m passionate about budgeting because I have learned from experience that a consistent and thorough budget is probably the number one key to your financial freedom and will resolve most of the conflict in your marriage when it comes to money.

So for the next few weeks, we’re going to dive into this topic of budgeting. Here’s a preview of what’s to come:

  • What is a budget? Dispelling the common myths that repel us from budgeting
  • Why a budget is more freedom than bondage, more beauty than burden
  • How to create a budget that’s bulletproof
  • How to make budgeting a normal and even exciting part of your month
  • How to stay “on budget” and how to adjust when you’re off track
  • How to prepare for the unexpected
  • What to do when your spouse isn’t on board

Coming down the pipe…

A budget tells us what we can’t afford, but it doesn’t keep us from buying it.” William Feather

While having a budget is definitely the first step to going on the offensive against debt, it does not guarantee financial success. Which is why we’re very excited about the next few months!

We’re going to be tackling several big topics throughout the summer which have to do with what you believe about money, debt, wealth, etc. You can hire Dave Ramsey himself to help you create a budget, but it will do you no good if at the end of the day you sabotage yourself through poor spending habits and wrong beliefs about money. So stay tuned throughout the next few weeks and months as we wrestle with the topic of our relationship with money.

Have Questions?

We would LOVE to hear your comments and questions! Please post a comment below or click the Contact Us link above and shoot us an email with any questions you have about budgeting that you would like for us to address. We respond to every comment and email!

Committed to your success,

-Wesley

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