This post is so important to me because it’s all about how we became and live debt free!
A couple of years ago, my husband and I became debt free, besides the house. Not only that, but we have never gone back into debt either. We don’t even have any credit cards as there’s no reason why we would need credit.
Every month we have 1 or 2 budget meetings after the kids go to bed. We go over all the bills that will be due (water, electricity, house, ins
urance) and any upcoming events (dance recitals, vacations, etc). We agree on how much money we want to put into each category (clothing, food, haircuts, etc) and we each get an allowance or free spending money that we can spend however we want each month.
It is the BEST thing we’ve ever done for our family and marriage.
Now everything is open and honest. There’s no fighting over money issues, no overspending on credit cards that we’d have to pay off all year, etc. And there’s so much relief when something pops up and we have the money set aside for it already.
For example, this past winter our AC went out, which doesn’t seem like a super emergency in the winter, but our winters are like most people’s summers, soooo it was important! We were able to get our options on a new system, go over our budget, and make the right decision on which system to get and pay for it all at once. It didn’t set us back like crazy or put insane amounts of strain on future spending.
There’s a lot of budgeting apps, software, and websites and there’s really no one right one. The right one is going to be the one that works for your family. Honestly, the best ones for us have been self created ones or handwritten ones. I’m going to include a PDF download of a simple budgeting sheet similar to what we started out with.
You can click on this image to the right to download the PDF that includes 2 sheets.
Finances are way more enjoyable when YOU get to tell your money what to do instead of your money getting to tell you what to do.
Takeaway: Budgeting has made our marriage stronger and has been a great way to talk about any ideas, thoughts, concerns, and more. It has made us dream about our future and see that those dreams can easily become a reality.
Want more organizing in your life? Check out my Crochet Pattern Organizing Sheets!
*This budget sheet was posted on a previous blog site of mine that no longer exists.