we use to live under the dark cloud of financial debt.
we were so strapped that i ate, drank, and dreamt about money we didn't have.
i desired money, and therefor worshiped it.
you can read the story of how God lead us out of financial and emotional debt here, here, here, and here.
the goal now is to stay out of debt.
one tool i highly recommend for managing household finances is quicken. quicken allows you to link up to your bank, download statements, create and manage a budget, categorize spending, pay bills, and much more.
i know many people who manage their finances by using the envelope system.
with the envelope system, designated envelopes are filled with $ for the month.
once $ is spent it is G. O. N. E.
those who use the envelope system commit to not grabbing the debit/credit card and swiping. little by little (in our case) they see savings (with a vehicle hobbling around on its last leg we really need to see savings).
we've decided to use the envelope system.
i made these zippered pouches (envelopes) to hold our budgeted $.
after being in debt ourselves we see the value of teaching our children to live in freedom in all areas, and especially in the area of finances.
my next project is to sew three pouches/envelopes for each of my children.
i hope having their own envelope system will inspire them to save and spend wisely, and to give generously.
praying for financial freedom for you and your families,