Alright friends, we are on week 2 of Budget Boot Camp. This week, we are going to talk about why I believe YOU need a budget. In case I haven’t been clear, I truly believe that every.single.person. needs a budget. Everyone. And here’s why:
#1. Having a budget empowers you.
As I stated last week, having a budget doesn’t have to be something that ties you down. So often, we think of a budget as a terrible thing that takes away all of our fun. I’m here to tell you that a budget can do the opposite for you. (Wow, I sound like such a nerd right now.) Anyways, having a budget does two things: it gives you knowledge, and it takes away guilt. First off, having a budget helps you to know when you can and can’t spend. Knowing when you have the room to spend takes away any guilt you may feel for spending. Now listen, if you have a budget and don’t stick to it then it won’t do these things. Obviously, you have to stick to it in order for it to work. Having a budget equips you to make wise choices, which is the most empowering thing imaginable when it comes to money.
#2. Having a budget relieves stress.
On a similar note to reason #1, having a budget also helps you out by relieving stress. You know the joke that people always make about college kids having $0 in their bank accounts? I don’t find those funny, they actually make me feel so nervous. We don’t have to live life stressing over whether or not we will have enough money to pay the bills (or for those $2 tacos we just HAVE to have). Hear me say this: having a budget will not automatically fix your financial woes. It’s not a magic trick. However, having a budget will help you to control your spending and thus, take away stress over whether or not you’ve overspent. I will promise you this: if you will come up with a budget that fits your monthly income and stick to it, you will not need to worry about insufficient funds.
#3. Having a budget improves communication.
Y’all, I can’t even imagine what life would look like as a married person without a budget. That sounds so scary. I honestly think it would be impossible for a married couple to handle life and spending without a budget. You have to communicate! Having a budget opens those lines of communication, and helps me to always know what page Z is on when it comes to dollars. Because we have a budget, my husband and I communicate more.
#4. Having a budget betters your future.
Here’s the truth: making ends meet week to week is the easy part. (Does that mean it’s always easy? No. But it’s the easier part). But when we don’t budget, what happens when it’s time to retire? Or what about when your kids go to college? Or fill in the blank here? Part of having a good budget is planning ahead and considering those things that may come your way. If you do this, you’re more ready when they happen. Moreover, sometimes you just make less money. If you’re transitioning jobs, or if you’re an hourly employee and you took a vacation, if you’ve already used up all of your sick days but have to be out again. Keeping track of a budget month to month helps you to know where you have some room, and where you need to tighten the reigns. Having a budget helps you to not only plan for the future, but also to know how to move forward properly. Overall, having a budget often offers a better and more secure future.
#5. Having a budget grows your faith.
I’m going to be fully honest here and say that tithing (which is something that every believer’s budget should include) can be tough. The Bible commands us to set aside 10% of our income for the Lord. That’s a lot of money, no matter what you make. There have been many times when it has felt like we didn’t have enough, so how on earth could we be expected to tithe? But when you do it anyway, your faith grows. Having a budget and setting aside hard-earned money the way our Father calls us to makes us more like Christ. It reminds us that we don’t have to be in control, and that our God is greater than our paychecks and whatever may come our way. If you ask me, that in itself is enough reason to make (and maintain) a budget.