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Why a Budget is so Important

Budget Sign why a budget is so important
A couple of months ago I wrote a post called “3 Basic Principles To Get Control Of Your Money“. The second item from that list was to get on a written budget. I want to expand upon that and let you know why a budget is so important. A budget has become one of the best tools that my wife and I have ever been introduced to. It continues to be one of the main sources of strength for us and has helped with our marriage. I’m sure a lot of you might be thinking huh, what is he talking about? Too many people do not see how money affects their lives other than maybe the MYTH that money is evil. The truth is there is a major disconnect between personal finances and relationships, especially in marriages.
Let me tell you this straight up: money affects all areas of your life. The bible talks more about money and how we are to handle it than almost any other subject. Studies have shown the importance of how we handle our money. It’s a direct reflection of what we value most. We had a pastor tell us one time “let me look at your bank statement and I’ll tell you what’s important to you”. The budget represents your value system. Think about this. If someone was to go through your bank account and credit card statements and saw everything that you buy, what would they see? They would see what matters most to you. So a budget is a fore-shadow of just that, that which is important to you. You NEED to plan out your next month on paper, on purpose, before the month begins, every month (because each month will be different) and you need to do this for the rest of your life. Sounds extreme, I know. We don’t like to be told what to do and the thought of having a life long discipline (aka commitment) scares us a little. We think a budget will be restrictive, like a straight jacket. You are dead wrong. A budget actually frees and empowers you. You’ll feel like you got a raise once you start doing it consistently. This is why a budget is so important.
Go to this website. There is a free printable budget on Dave Ramsey’s site that’s a good place to start. Or use your own if you have one. The point is to start one. Even if it’s a yellow pad and a pencil. But you NEED to stick with it for 3 to 4 months at least. That’s how long it usually takes to get the hang of it. Give yourself a lot of grace with this but keep pressing on. I’m telling you it will change your life. Don’t believe me? I dare you to try it for yourself. You won’t regret it. Larry Burkett said that “a budget is you telling your money where to go instead of wondering where it went”.
And hey, if you don’t like it, then you can always go back to the system you’ve been using all along. But I have to use a Dr. Phil moment on you, “How’s that working for you?” If you need any help with this, just let me know.
“Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, saying, ‘This person began to build and wasn’t able to finish.’ (Luke 14:28-30 NIV)
Or for a complete guide to budgeting (23 pages) click here.
Do you currently do a budget on a regular basis? Why or why not?
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