Everything in life has priorities. You have Money Blueprint’s priorities, too. These priorities ensure that you are providing for your family.
“If anyone does not provide for his own, and especially for those of his household, he has denied the faith and is worse than an unbeliever.” – 1Timothy 5:8
In essence, what we want to do with our Money Blueprint is to cover essentials first. These essentials consist of food, transportation, housing (including utilities), and clothing. These are all top priorities. All are equally important. Just because food is listed first, doesn’t mean that you should put it first. Transportation is listed second, but you could put housing second or first. All these are to be funded first. Remember the above Bible verse, you need to take care of your family before you take care of anything or anyone else.
You should not pay your credit card bill before you buy your food, pay your rent or mortgage and utilities, pay your car payment, and have clothes for your family before you pay your credit card bill. What good is a great FICO score, if you are starving or are about to be evicted?
A money blueprint allows you to take care of your priorities first. You allocate money to those items first. Then, you go on and take care of the other items on your blueprint.