You and your husband work to bring home a two family income. All of a sudden, baby three comes along, and you find you must choose whether to stay in the market to work or be a work at home mom. You are so elated that this is a surprise baby, and you must make a decision that will change your life and the life of your family the question is should I be a work at home mom? It is hard so live on and in this thing called a budget what is a budget.
Did our parents live on and in this thing did they ever have to worry about money. Why didn’t they teach me about it? Could you say a budget is a way to manage money and live within or below you income. I think that it is a learning process when assisting you with budget plans. You don't just go from college to graduate school nor to your first job and then to working from a home business to find out you better understand money management or you will close down the home front quickly.
The reality is budgeting effectively runs much deeper than just figuring out how to live with less, because money matters enter into your personal relationships as well. If you are easily stressed about money, you will not be happy working from home. Start out finding how much money you can do without. For instance, instead of looking at how much money you do not have to spend, look at how much you need.
All of us have the same expenses that are vital to living, such as tithe, saving, mortgage or rent, car, food, utilities, etc. Pay God first then pay yourself. Then you have the disposable income, or what's left. Use this money to save and pay cash so you won’t have to use your credit. Say you are planning to buy a car for your son.
Starting to save the disposable income will discipline you. You won’t have a reason to over-spend when you go shopping. You must know what you are looking for before you go to the mall. First, decide what you will need. I don’t have small children at home, so I don’t buy things they don’t need only things I don’t need.
Let's say I have $100 extra from my job this month. That would mean I can only save $90 after I tithe 10. This is the only way to budget? When I do buy something it is planned? If I cannot, then I find an alternative ways to get what I need by just waiting, or shopping at sales. I have found that with bargain shopping and planning, I spend within my means. If necessary you should make a list, I make sure the car is serviced; the house repairs are done, and pay off those credit cards and use them only when there is an emergency. My list consists of only what is needed each month.
Make your budget a business. Always know what you need before you go to the store, and do not spend for want. You can learn how to manage your money and be happy.
