Do I Respect My Finance Enough to Make a Spending Plan?

When we deal with budget or a spending plan we are talking about discipline and stewardship.   Sometimes, just thinking about this process can be an overwhelming to those of us who never had the experience of it.  However, I just want to encourage you by saying that you don’t have to be intimidated or overwhelmed by it any more.  Remember, for every discipline there is a small or a baby steps toward it; I encourage you to take the first step toward order and little by little it will lead you to freedom. 


Why do I need a spending plan?  What do I benefits from it?  Below I have listed the benefits of a budget and as you read each line stop and ask yourself if you can use or better your life.  I hope you take the challenge today to take a step (baby step) toward it.


Here are some of the benefits of a spending plan or budget.
·        You will avoid debt
·        You will have well balance life
·        You will spend with confidence
·        You will live within your means
·        You will be positioned to save
·        You will have peace of mind
   
Plain Truth
“Good planning & hard work leads to prosperity, but hasty shortcuts lead to poverty.”  Proverb 21:5

The Three Popular Myths about Spending Plan(Budgeting)

 The first myth is “To leave on budget is a sign of not having enough, or to be stingy”. 

The truth is living on budget is actually a discipline that will position us to have more.  In fact we will have enough to cover our basis and not deprive ourselves or our family in the most important area of our lives. 

The second myth is that “for someone to invest he or she have to have a lot of money or surpluses”.  Another lie most of us believes.

The truth is every spending decision is an investment decision.   (E.g. When I get the bonus check do I plan a vacation or pay my credit card?)  Do I go out and eat or do I put it to the emergency fund I am working on?)

The third myth is “If I just work harder and make more money I will be OK and need not to live on a budget”.   

The truth is if I do not have the discipline to live within my means then making more money will position me to spend even more.

Plain Truth

“Getting wisdom is the most important thing you can do!  And whatever else you do, get good judgment.”  Proverbs 4:7