Profit, Not Loss

Money, money, money! Oh how so many of us struggle with money. I read an article once that said the number one reason people struggle in their marriages is because of money. I found that pretty interesting because divorces are expensive and terrible for your credit.

Today we are talking about how we can be financially savvy and how to prepare to bring a husband profit and not loss.

  1. Get your spending in check: There is a difference between needs and wants. We need food, healthy food. Don’t consider healthy, organic food a luxury. It’s an investment in your body and absolutely a need. Eating out with friends is more of a want.
  2. Save: Learning how to save money when shopping for the essentials is very important. Learn how to cook meals according to sales, buy new clothes on clearance at the end of season, and show used whenever possible. I love pre-loved books!
  3. Budgeting: This is probably the most important because it is necessary for knowing how and when to spend and save. The top 10% doesn’t belong to you, you’re just holding onto it for Jesus, that’s your tithe. Other things to write into your budget are short and long term savings, emergencies, charity, bills, and fun money. Budgeting is about setting priorities, this is a very important skill.
  4. Manage your money: It is essential you know how to be a good money manager. Know your monthly and weekly income, know your monthly and weekly expenses, know where your money is, know what debt you have. I recommend keeping your debt to a minimum, or eliminating it all together. I have a finical goal of being debt free; and I think it could do a lot of good for your future to consider living financially free.
  5. Turning a profit: Figuring out what you want to do for the rest of your life can be just as daunting as figuring out who you want to spend the rest of your life with. Take stock of your strengths and weaknesses, hopes and dreams, and allow them to determine your career path. I have a desire to be a stay-at-home homeschool mom, but that can put a lot of strain on the sole breadwinner. During this time, I’m working to build location independent income so I can work from home and supplement my husband’s income, or become the primary breadwinner if necessary.

Finances are one of the most important aspects of marriage, it touches so many other areas of life. Where you live, what you own, and how many kids you have can all depend on money. It isn’t something to ignore. When the time comes for a courtship, having open and honest dialog about spending, saving, and earning money habits can go a long way in a having a healthy marriage. During this time of singleness, don’t be idle or wasteful, spend money wisely, save regularly, and earn creatively.

  1. What are some of your needs, and your wants?
  2. How much debt do you have, how can you pay it off?
  3. How can you save more and earn more?

Challenge: Create a monthly budget for yourself.

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