Budgeting: How’s it Working?

by GettingFreedom on March 13, 2009

**I’m working on adding Mr. Linky–he’s being tempermental and doesn’t want to show up! In the meantime–leave your link in the comments, and I’ll add ‘em all in when I can fix it!** After much frustration–he popped up!

This week for Finding Freedom Friday we’re talking budgets. A very important topic when it comes to wanting to get out of debt. Or get control and maintain control of your finances.

Considering that these blessings are not actually ours in the first place, and knowing that God has just entrusted us with them–we should try to honor Christ in every financial decision we make.

I’m not perfect. I never will be. Actually no one will be. But, we should always do our best!

Anyway, our budget/cash flow plan has saved us an untold amount of money. I really wish that when I first set ours up about 7 years ago that I would have make it do the work, and not me work to keep it. Because of this, it only lasted a few weeks–maybe a month or so. This is definitely key. Don’t make your budget unrealistic, or it won’t work–so you will give up. It is essential to continually go back and look at your numbers and see if everything is working, especially in the beginning stages of budget living. We’ve been on ours, strictly, since September 2007. I evaluate it bi-monthly, if not monthly.

February was a month full of disappointments for us financially, and we went askew in a couple of places. I don’t think this was at fault to our cash flow plan, rather it was just not thinking things completely through, and our good old friend Murphy. We all know Murphy, right? I don’t really care for him much!

This month we are keeping a really tight watch on how much satelitte TV we watch. We have toyed with the idea of cancelling it numerous times, but have just never done it. Even though our bill is only $9.99/mo, we have been known to rent pay per view movies at $5.99 a pop! If we were to get rid of it, we wouldn’t be able to do that, and we would then have to rent from the local store (constantly get free rentals, or very cheap) which would take planning ahead. Just dropping our satellite alone, we would save $120/year, but if you add in our movie rentals our total saved a year would probably be closer to $300. Big difference!

Implementing our budget has not only helped our marriage (no unneeded stress over money), but we look at things completely different now. I appreciate our blessings far more than I ever did–because I see where they are going. We think things through (generally) before we do them, and make sure that it is the right decision for us.

You can read more about our journey here.

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