Budgeting may not be for the faint of heart but it sure is for the wise and financially responsible! Our family’s financial life has been transformed because of our budget.
However, we learned early on that it had to be a budget that made sense for us and not the “Joneses.” Our family is not exactly like anyone else’s. So we decided it was essential to write our budget for what worked best for us.
All that being said, how is your budget going for 2017? We are almost through the first quarter of the year. Can you believe it?! It is time for a budget check up! My husband and I have already chatted about some different areas that we may need to nip, tuck and even expand.
Not a Sink or Swim Situation
Budgeting is a journey and will make your life simpler. Never think of it as a sink or swim! There are months where you will think you did well and months where you did not.
Unexpected expenses and monetary blessings happen and you can’t always plan for those financial surprises. The goal is to learn the overall ebb and flow of your family’s finances in order to make your budget work best for you.
Quarterly Budget Check Up
Look over the first quarter of your budget. How did it go? Are you pleased or do you feel frustrated? Either way, you must stay the course. Budgets make your financial situation so much easier.
Since we are near the end of March, it is a great time to meet as a family and discuss what is working and what is not. All budgets and years, for that matter, are not created equal. You will have things come up that require an adjustment or some consideration.
Don’t look around at what other families are planning and doing. Only consider the needs of your family and you’ll feel so much more peaceful. Plus, you’ll be looking at what really matters…your budget!
Stay the Course
Regardless of how you feel, I simply encourage you to keep working at your family’s budget. I have a few tips to consider when you have weary moments.
Remember the following:
- You’ll pay down more debt if you stick to a written plan. AKA – Your budget!
- As a family, you’ll be able to make wiser financial decisions.
- A little hard work is always worth it in the end.
- You’ll be able to teach your children the importance of spending, saving and giving through your budgeting efforts.
Whether you feel like your 2017 budget has been a flop or victorious, be sure to take a look at the first quarter of the year. There are usually areas to celebrate and places to tweak.
My hope is that you work at it and keep your goals in mind as you try to budget, pay down debt and live in financial freedom!
I’ve never heard anyone say that they wished they had skipped the whole budgeting process in their home. Rather, I have heard people say that they wished they had learned budgeting techniques earlier in their life. Your family’s financial situation can improve by simply writing a budget that is friendly with YOUR life.