Budget Your Money… Free Yourself to Give, Save and Spend with Joy

Do ANY of the following sound appealing?
  • Having the freedom to give more!
  • Being able to spend without worry!
  • Having the ability to save more!
  • Having less stress!

Another question…

Which word best describes a budget?

A. Limits
B. Freedom

This post is being written to myself as much as anyone. Having a budget is not always fun and can seem limiting… at first, but once the budget is there (the fast part) and the habits are formed (the slow part), a budget is incredibly freeing! This is true for anyone, not matter their income (though some may notice the benefits more than others.

What about the rich?

The question you may be thinking is “What about the very rich? They don’t need a budget. They never run out of money.”

Since most people don’t consider themselves to be very rich, though if you are reading this in the U.S., you are in the richest 5% of the world, I will only address this briefly. While the rich may be able to spend and give without much worry (though they do worry), having a reasonable budget would free them to have the joy of giving more, even much more, instead of needing a large buffer to make sure they don’t spend too much. A budget, even setting self imposed spending limits also creates the fun of working towards something. I heard an interesting “fact” (I did look into it enough to be convinced it is true, but don’t know the exact statistics), that many pro-athletes end up filing for bankruptcy after they retire since they have gotten into social groups and a lifestyle of high spending and those lifestyle habits continue when the income is no longer there to match it.

So how about the rest of us?

Click here for a copy of our budget (cleared of our details) for you to use.
(Note: This budget has many different items listed. You likely won’t use all of them. We have combined the lists from several budget plans and added some of our own to have as complete of a list as possible, but you still may need to add more depending on how you spend your money.)
Example Budget (Quickly done, so the numbers may not seem reasonable)
Other Budgeting Help
  • Dave Ramsey (www.daveramsey.com) has great info about budgeting, getting rid of debt, etc.