How to Prepare a Budget

Many of us struggle day to day to maintain certain economical freedoms. If you are like me and you have a busy family, with needs it is hard to manage your bill spending and spending for other things like, sports, school activities, gas, field trips and more. Having kids certainly changed my household budget, and I am sure you can relate if you have children as well.

Here is a good approach to maintaining a budget this New Year.

*First,

Examine your attitude toward money. God can only fill your yearnings and he remains your true source of happiness. Matthew 6:24, "You cannot serve both God and money..."

*Next,

Examine your money situation, and ask yourself, certain key questions, like, "What will change in way of money this year, or with bills added or paid off?" Make a mental note or a written note of any accomplishments you wish and refer back to it, often.

*Take things one step at a time, find out the facts and what exactly needs to be included, and start from there.

*Commit yourself to the art of money managing. Constantly remind yourself of the extra cash you will have, or how much you will be saving this coming year.

*Most importantly,

Ask God, to create for you understanding, self discipline, and knowledge on how to be successful, and remember," If any one lacks wisdom, let him ask God." James 1:5

Preparing a budget, you need to remember to do several steps.

~Determine your income, give your best shot at it. If it changes at intervals, make note and allow changing, later on.

~Promise to give back to God. You will benefit spiritually and outwardly when you do. Give to God, so he can give to you, and know your intentions.

~Saving for retirement, and paying cash, not credit for things. These are very important, do not spend it if you do not have it.

~Allow for variable expenses, such as power, water, phone, etc.

~Being on a budget, does not mean you cannot spend a little and have a good time with family and friends. If at any time you feel deprived, take a little and enjoy it.

~ And lastly make records and record, save receipts and bills paid. Creat a filing system to help keep you organized.

Hopefully this will help you to be more cost effective and on the path to God's plan for your money.