Everyone has a budget beginning, that is if you budget. Perhaps you haven’t had yours yet. This is a great time to start. January is around the corner. It’s that time of year where you get a fresh start, clean slate, and everything seems new again. I enjoy a happy beginning. 😉
Now, you don’t have to wait until the first day of the month or the first month of the year even to begin to budget. The key is to just start! A brand new year just has a nice ring to it as you consider creating a budget for your home.
A budget beginning is exciting because you start to plan your finances more strategically. Handling your finances, budget and the like are an important part of homemaking. I enjoy working out the details of our budget with my husband in a way that blesses our home.
Often people will wait around and try and figure out the format and details for so long that they fail to actually begin the budgeting process. We don’t ever plan to fail but we can sometimes fail to plan. Again, the goal should be to simply START one!
Our budget beginning happened when we first got married. We’d both tried to be responsible with money before we met, but our budget improved our financial skills. Our goal was to figure out how to live free from debt, give more and be good stewards of the resources God had blessed us with.
We found that we made different decisions as we looked at the budget and saw what we really spent our money on. Sean and I learned much about giving, saving and thinking through how to best spend our money. Homemaking wise, the budget has been a huge asset as I plan for, prepare for and purchase things for our home.
7 Steps to Start a Budget
- Don’t procrastinate, just start!
- Briefly write down your goals for savings, to pay down debt etc…
- Pick a budget format that is easy for you to use.
- Write down all your expenses.
- Jot down all your income.
- Begin saving every receipt to enter into your budget.
- Be sure to monitor your progress each month and you’ll change your spending habits as you try to stay within budget.
Do you want more info on how to start a budget? I’ve written several posts on the subject so today I will give you a little blog post summary of links to get you started.
Check out these posts and consider a budget beginning of your own. Ringing in the New Year with a budget for your household could be a huge blessing in the months to come. Feel free to email me with any questions about how to keep, start or live off a budget.