This is the 7th in a series I call Financial Freedom. The previous post was entitled Prepare for the Future which can be found here: https://thingsmyparentsnevertaughtme.family.blog/2019/11/26/prepare-for-the-future/
The one thing my wife and I learned to do from our parents was creating a budget. We even took a class at church on how to make a budget together. We had fun with it. However, the first year of marriage was lean. If we had $2 left in a week for the dollar movie theater, it was exciting. This budget thing was extremely useful to know exactly how much we could spend. At the time we were acting according to God’s plan.
Christians are called to budget. Proverbs 21:5 “The plans of the diligent lead surely to advantage, but everyone who is hasty comes surely to poverty.” Making a budget and following it were very helpful in keeping us out of debt. Besides a car payment we had no debt. Our credit cards were paid off each month. Jesus talks about counting the cost of a project. Luke 14:28 “For which one of you, when he wants to build a tower, does not first sit down and calculate the cost to see if he has enough to complete it?” To run a country, company or household you must know the cost of things and make a plan. 1 Corinthians 4:1-2 “Let a man regard us in this manner, as servants of Christ and stewards of the mysteries of God. In this case, moreover, it is required of stewards that one be found trustworthy.” Our positive example in stewardship of resources is representative to the world as faith in God.
To make a budget, simply make a list of everything you spend money on … tithe, housing, allowance, car payment, gas, etc. There are many resources that can help you determine where money is spent. Everyone’s list is different. Some will be estimates. It does not need to be perfection. Just a general idea. I like to think of it by month but whatever is easiest for you. Compare to your take home pay. If the numbers don’t add up then make adjustments as necessary. Easy right? Maybe not for some. It may require difficult decisions.
1. If you do not have one already, create a budget making sure that your tithe is top of the list.
2. Prayfully consider where adjustments can be made.
3. Be thankful for the provisions God has provided and doubly so if anything is leftover like $2.
Our parents did well to show us how a budget was made. It kept us out of financial hardship. I prepare a budget every year or when we have some life change. I share the budget with my wife and children. Yes, I think children should be aware and taught financial planning. Making a budget brings me peace of mind. The budget has transformed over the years with a variety of life decisions. At first, it was a way to figure out how to spend every last penny. Now, it is a useful tool in reaching our financial goals and making us more secure. Knowing the cost has allowed us to better serve God in our tithing and giving. How cool it is to obey God and bare fruit.
My prayer for you is that you will become a good steward of your finances and “count the cost” by creating a budget.