I shared on my other blog that my income had dropped since we moved into our new little home. My dear Alice fell not long after I moved and has been in rehab. I'm still helping her with laundry and a few other duties which gives me enough money to 'almost' pay my insurance. I'm not sure if I will have a part time job after a few months so I'm practicing how to live on only my husband's disability check. (I just found out that she will be coming home for a 'trial' run to see how she does. I'm still going to try and live on my husband's check and put the rest towards upgrading our electrical so I can have a dryer for my clothes.)
I made a budget before we bought our new home. I wanted to make sure that we could live on only one salary because I knew the day would come when I might not be working (hopefully). If my Alice does not come home I hope I won't have to work permanently again.
So, I need a plan.
I've revised my budget. It will be tight but we can make it. I've cut back on a few areas (food, gift giving). I'm not sure if I can reach my goal for the food ($200) but I'm going to try.
Even though I've had to cut back in these areas, there are a few I hope to not touch.
First and foremost, I plan to continue giving to the Lord's work.... cheerfully!
Secondly, I've learned it's important to include an allowance in our budget. Years ago, before our 10 plus years of prosperity, I fought resentment because I never had money to spend on small little things (gift giving, lunch with a friend). My attitude was sinful and I suffered discontentment but it also taught me a good lesson that I've carried with me all these years. I am handling the finances now I don't want to tempt my husband to resent me. So, each of us will still receive a small allowance to spend on what we wish.
The third thing I don't want to cut is a small amount designated to our savings. It's not huge but $50 a month over a period of a year ends up being a hefty $600. That small savings would purchase a new washing machine if mine decides to 'give up the ghost'. *smile* It's WAY over 10 years old. I'm already having the bank take $25 automatically each month and put it into a Christmas gift account for the grandchildren.
But, as always, I want to keep in mind that # 2 & #3 are not 'God given rights' and prepare myself to give these up if needs or necessities come our way.
Now this I say, he who sows sparingly will also reap sparingly, and he
who sows bountifully will also reap bountifully. Each one must do just
as he has purposed in his heart, not grudgingly or under compulsion, for
God loves a cheerful giver. And God is able to make all grace abound to
you, so that always having all sufficiency in everything, you may have
an abundance for every good deed.
2 Corinthians 9:6-8
Next time I hope to share what I'm doing daily to keep expenses low in our home.
Very impressive. I am watching how you do this and trying to anticipate when I need to stay home permanently to take care of my husband.ReplyDelete
Hugs and prayers,
Oh boy... after reading this I feel horrible about resenting if I have to give up "savings" or "fun" money if our rent goes up again next year. *blush* I posted my new budget today & I am very grateful for all God has given me, but you're right, money sitting in the bank and "fun" money are luxuries.ReplyDelete
I have had to stick to a tight budget too. You are an inspiration, Georgene. I've also been listening to Dave Ramsey on the radio. He's a Christian Financial Counselor and he has such good ideas about budgeting, etc. You can look him up on the internet and find a radio station he's on.ReplyDelete
Wondered how you were doing. Will be back to read your next post. We also are having our income reduced and will be tightening things a lot. Thanks for your inspiration!ReplyDelete
Georgene, ..... you're such an inspiration!!ReplyDelete
Keeping you in my prayers.
There are so many ways we get off track with finances. It's just plain easier to pick up take out than cook. That's what I reminded myself this morning. I have to be out all day, and was thinking I would pick up Chinese on the way home, around $15- $20. Then I remembered that I had everything I needed to make a soup in the crockpot, so I put it all together, and I already had a pan of cornbread made. Sometimes it's just taking a few extra minutes to save a few dollars. As far as income goes, I am finding that it takes just as much for our family to live with one 19 year old at home, as it did when all three kids were home. My frugal attempts continue..ReplyDelete