Wednesday, December 31, 2014

No Romance Without Finance!


Ok, it is not what you think! This post is about getting in tune with finances! You really cannot live the way you want if your finances are not in order. I am trying to get used to real budgeting. Before this year, I did not have to. It is extremely important to be honest with yourself and not put off paying bills that you can!  So I wanted to share these tips from the great Dave Ramsey.

Below is complete cut and paste from www.daveramsey.com


Sit down and evaluate.

Take a few minutes to look at your bank accounts and really understand what you see. If you don't, you run the high risk of living these next few months like Gomer Pyle on Valium, with no clue about your money. You don't want that, do you?

Update your game plan or start one for the first time.

A budget is your game plan, where you tell your money what you want it to do. This isn't rocket science! Just give every dollar a name on paper before you get your paycheck so it won't all be gone in a week. Get free budgeting forms here.

Put cash in envelopes.

Since you spend 12-15% more when you use plastic than when you use cash, try the envelope system. Take some envelopes, write the budget categories on the envelopes, and use only the allotted money to purchase specific things. If an envelope is empty, don't buy anything else in that category for the month. It can wait.

Set boundaries for yourself and your family.

A lot of this centers around the ability to say the word NO and really mean it! Sometimes you're going to have to tell yourself, your spouse, and your kids "NO! It's not in the budget!" so be prepared. It's a phrase you'll be glad you know how to say.

Start saving NOW for Halloween and Christmas!

Now is the time to start planning and setting aside any money you want to spend around these huge retail seasons. Make a list and commit to sticking to it! If you start now, you can keep these holidays from following you into next year!



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