Tired of Being in
You’ve come to the right place. Here you will find the tools you need to get out-of-debt, develop a workable money blueprint/spending plan/budget, track your expenses, and more.
At the onset, let’s make something abundantly clear Money Blueprints work when they are made and used. On the other hand, if you make your Money Blueprint, but don’t adhere to it, then it will definitely and positively not work. Sometimes, you’ve make your Money Blueprint and it’s not working. This is not the Money Blueprint’s fault. It just means that you have to play with it. You need to make adjustments to it.
If you have irregular or variable income, you still need a spending plan. When you don’t have a fixed income coming in, you are either in feast or famine mode, depending on how much money you brought home that month. One month, your commission check or self-employment salary might be $2,000 and the next month it might be $7,000. You never know how much money you have each month.
To record your expenses, you need a Money Blueprint Binder. Get yourself a small spiral notebook that easily fits into your pocket or purse. At the top of the page, write down the Category Name, for example, let’s say it is “Food”. Next, write the amount of money you have allocated this month for food. For our example, the amount you’ve allocated is 10% of your take home income. If your take home pay is $3,000, you are going to write $300.
The Money Blueprint is comprised of nine categories (1) Tithe, (2) Savings, (3) Housing and Utilities, (4) Transportation, (5) Debt, (6) Food, (7) Life, (8) Clothing, and (9) Entertainment. The first three categories are Fixed Expenses. This means that you have to pay them every month and they are usually pretty regular amounts. If you have a car payment, then part of your Transportation expense is fixed.
We’ve dealt with the excuses people use for not doing and using budgets. You most likely are not a sheepherder. So why did I title this lesson, “The Condition of Your Flock”? The reason is that even though we don’t herd sheep or have flocks, we have to learn to h”herd”/manage the money God entrusted to us and learn to leave below our means.